Face to Face - June 2006

Face to Face

Name: Todd N. Ferguson

Title: Managing Shareholder, Reno Office

Company: Kafoury, Armstrong & Co.

Type of Business : Certified public accountants providing audit and accounting, tax preparation and planning, and consulting services.

Location: Reno

Years in Nevada: 65

Years with Company: 21

Biggest Business Challenge:

CPA firms have many challenges, but one that comes to mind is determining the appropriate level of staffing to meet the seasonality issues we face in our profession.

What do you like best about your job?

I enjoy interacting with so many great people – not only the clients of Kafoury, Armstrong & Co., but the employees as well.

If you could start over and choose a different profession, what would it be?

I would still choose to be a CPA. I am confident that I have selected the best profession for me, given my interests and skills.

How do you spend your time when you’re not working?

When I’m not at work, I can usually be found attending and/or coaching the various athletic activities of my two children. I also enjoy reading.

Little-known fact about yourself:

I am a fourth-generation Nevadan.

Best Business Advice :

Provide competent, timely service at a fair fee, and do it over and over again.

How has the Sarbanes-Oxley legislation affected your practice?

Sarbanes-Oxley has increased the demand for CPAs, and thus has created an imbalance in the supply and demand for CPAs.

Name : Bill Rosado

Title: President

Company: ManagedPAY

Type of Business : Payroll processing, human resources outsourcing (HRO) and professional employer organization (PEO)

Location: Las Vegas

Years in Nevada: 25

Years with Company : 9

What do you like best about your job?

People. I have always felt a sense of accomplishment and purpose in seeing others succeed. I enjoy having been a part of a young man’s determination to become a state wrestling champion, solving a client’s business problems, and being a part of our employees’ personal and professional growth.

If you could start over and choose a different profession, what would it be?

Perhaps a college wrestling coach, a teacher or real estate agent. However, in looking back, I would not choose a different profession.

How do you spend your time when you’re not working?

Family time is spent with our son Matthew (13) and visiting our oldest son, Billy, wherever he is stationed with the Air Force. I enjoy flying as a general aviation pilot.

Little-known fact about yourself:

I escaped from the MGM Grand fire in 1980. Each morning, the audit team would be locked in a room until we had balanced all the cash and receipts from the food and beverage locations. If the fire had been delayed by 10 minutes, we would have been locked inside that count room.

How did your experience as an Olympic wrestler prepare you for the business world?

The Olympic experience prepared me for life. It helped me to dissolve the barriers that separate me from others due to race, class, creed and religion. It also taught me a work ethic, self-discipline, humility and gratitude.