Benefits of the CMI Designation

In today's highly competitive and dynamic markets, the value of specialization and credibility cannot be overstated. One designation that stands out among state and local tax professionals is the Certified Member of the Institute (CMI) designation. Offered by the Institute for Professionals in Taxation® (IPT), the CMI designation has gained recognition for its rigorous standards, commitment to education, and the professional edge it provides to those who earn it. The CMI designation is available in three distinct state and local disciplines: property tax, sales & use tax, and state income tax.

1. Enhanced Professional Credibility

One of the most significant advantages of the CMI designation is the heightened professional credibility it bestows on the recipient. The CMI is not just another credential to add to a resume but an indication of expertise and commitment to state and local taxation. The Institute for Professionals in Taxation (IPT) has strict certification requirements, ensuring that those with the CMI designation have met high standards of education and experience.

For tax professionals, enhanced credibility can set them apart from their peers. Clients and employers recognize the CMI as a hallmark of a practitioner dedicated to staying current on tax issues, knowledgeable about state and local taxation, and committed to professional ethics. This credibility is invaluable when dealing with complex tax disputes, managing client portfolios, or negotiating with tax authorities.

2. Increased Earning Potential

Another key benefit of the CMI designation is the potential for increased earnings. Clients and employers are more likely to pay a premium for professionals with advanced certifications. Earning the CMI designation could significantly impact salary negotiations, consulting fees, and opportunities for advancement.

A CMI designee is often viewed as an expert in their field, which can translate to higher-paying roles and more lucrative projects. Employers value the depth of knowledge and the rigorous training that comes with the CMI, knowing that these professionals can effectively handle intricate tax issues. Many CMIs find themselves in leadership roles such as principals, officers, directors of tax, or senior consultants at major firms, all of which come with substantial financial rewards.

3. Expanded Professional Network

One of the often-overlooked benefits of the CMI designation is its access to an extensive network of professionals. When you earn your CMI, you become part of an elite group of tax professionals who share a common commitment to excellence. The Institute for Professionals in Taxation (IPT) offers various schools, conferences, symposiums, and networking events that bring together professionals with similar expertise and interests.

This professional network can be an invaluable resource for CMIs. It fosters opportunities to collaborate on projects, share best practices, and even explore career opportunities. Many CMIs find that this network leads to lifelong professional relationships and mentorships, supporting them throughout their careers. Whether seeking advice on a complex tax issue or looking for new career opportunities, having access to a robust network of peers can significantly enhance your professional trajectory.

4. Access to Continuing Education

Earning the CMI designation is not a one-time accomplishment; it represents a commitment to ongoing education. The Institute for Professionals in Taxation (IPT) requires that CMIs complete continuing education requirements to maintain their certification. This emphasis on lifelong learning ensures that CMI designees stay up-to-date on the latest trends, laws, and regulations in state and local taxation.

Continuing education allows CMI holders to deepen their knowledge and expand their skillset, making them more adaptable to the changing landscape of state and local taxation. IPT provides a variety of schools, conferences, symposiums, and seminars designed to help professionals stay current. For many CMI holders, this access to high-quality, industry-specific education helps them to remain competitive in their field and further solidifies their reputation as experts.

5. Competitive Edge in the Job Market

With the CMI designation, professionals often find themselves with a distinct competitive edge in the job market. The designation signals to potential employers that a candidate is not only knowledgeable in the complexities of state and local taxation but also demonstrates a commitment to professional growth and ethical standards.

In a crowded job market, where many candidates may have similar levels of experience and education, the CMI designation can be the differentiator that sets a candidate apart. Employers often recognize the rigor and prestige associated with the CMI, which may lead to more job interviews, higher starting salaries, and a quicker pathway to promotions. The CMI designation could also provide more job security, as companies place a high value on the knowledge and expertise of certified professionals during challenging economic times.

6. Expertise in SALT

This expertise is essential in a field that is often complex and fraught with challenges. State and local tax laws and regulations vary widely across jurisdictions, and staying informed on the latest developments is crucial for success. CMIs are trained to navigate these challenges effectively, often providing their employers and clients with significant savings through skillful tax planning and appeals.

7. Professional Recognition and Respect

Holding a CMI designation is a source of pride for many tax professionals, and with good reason. It represents the culmination of years of hard work, dedication, and mastery of a specialized field. The professional recognition that comes with the CMI designation often translates into respect from colleagues, employers, and clients alike.

This respect may lead to more influence within your organization or industry. Many CMIs find themselves being called upon for their expertise in high-profile cases or important strategic decisions. This level of professional recognition can also open doors to speaking engagements, publication opportunities, and leadership roles within industry associations, especially at IPT.

8. Commitment to Ethical Standards

The CMI designation is not just a measure of technical knowledge; it also reflects a commitment to ethical practices. The Institute for Professionals in Taxation strongly emphasizes ethics, requiring that all CMIs adhere to a strict code of conduct. This focus on ethics is particularly important in the field of state and local taxation, where decisions can have significant financial implications for businesses and governments.

By adhering to these ethical standards, CMIs help to elevate the reputation of the profession as a whole. Clients and employers can trust that CMIs will handle their tax issues with integrity, fairness, and professionalism. In an industry where trust is paramount, the ethical foundation of the CMI designation is one of its most valuable attributes.

Final Words

The CMI designation offered by the Institute for Professionals in Taxation is a powerful tool for those in the state and local tax profession and who specialize in the fields of property tax, sales & use tax, and state income tax. From enhanced credibility and earning potential to expanded networks and continuing education, the benefits of becoming a Certified Member of the Institute are numerous and far-reaching. Earning the CMI designation not only elevates your career but also reflects a commitment to ethical practices, ongoing learning, and professional excellence. For anyone serious about advancing in state and local taxation, the CMI is a valuable credential that can provide a significant competitive advantage.

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Member News

Property Tax and State Income Tax Symposium Highlights

 

Property & State Income Tax Symposium Highlights


A big congratulations to the planning committees for orchestrating outstanding Property Tax and State Income Tax Symposiums last month! Your hard work and dedication ensured exceptional programs that gave attendees valuable insights and meaningful takeaways.

Thank you to our presenters for delivering engaging and thought-provoking sessions on key topics, ranging from legislative updates to compliance strategies. Your expertise and commitment elevated the learning experience for all participants.

A special thank-you goes out to our attendees for your enthusiastic participation. The energy you brought to the sessions, discussions, and networking events was inspiring and contributed to the success of these Symposiums.

We look forward to seeing you at next year’s events!

Property Tax Symposium Chair Jessica L. MacLean, Esq. and State Income Tax Symposium Chair Jennifer C. Waryjas, Esq., give comments at the Opening Session.

Keynote speaker Corey Ciocchetti moved the audience with his presentation: “Inspire Integrity – Chase an Authentic Life.”

Participants get to know each other before hitting the links at the pre-symposium golf tournament. Congratulations to First Place winners PJ Birmingham, Brian Ess, and Lee Winston. Aaron Hohman, Moiz Mohammed, Shane Stewart, and Erik Wind were in second place. Other winners include: • Men’s Longest Drive: Ryan Armstrong • Women’s Longest Drive: Jennifer Wadland • Closet to the Pin: Kevin Dover

Jordan Goodman, Esq., CPA, and IPT Past President Janette Lohman, CMI, CCIP, CPA, Esq., inform and entertain attendees during a State Income Tax Symposium session titled “Monday Night Football Audit.”

Committee Member Dan Tucker, Esq. introduced John O'Neil, CMI and Gerry Amoroso, CMI at the breakout session “Beyond the Lease: The Analysis of the Whole Property Value.”

Many thanks for a job well done to the Symposium planning committees and their leadership. (L to R) State Income Tax Vice Chair Jeff Cook, CPA, State Income Tax Symposium Chair Jennifer C. Waryjas, Esq., IPT President Trisha Fortune, CMI, and IPT Executive Director Chris Muntifering, CMI.


Thanks to Property Tax Symposium Co-Vice Chair Jerry Aucoin, CMI, here with Property Tax Symposium Chair Jessica MacLean, Esq. (Not pictured Co-Vice Chair Gauri Samant, Esq.)

Everyone had a blast at Tuesday evening’s Bingo Night. IPT President Fortune had the chance to hang out with other Bingo enthusiasts.
Thank you for being a part of IPT!

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Get Involved with IPT

The IPT community Is Ready for You

Join a diverse community of more than 6,600 members and achieve educational excellence, earn professional certification, and gain access to a world-class network. With IPT, you can advocate for equitable administration of state and local taxes, participate in volunteer opportunities to grow your leadership skills, and establish a stronger professional reputation by participating on our committees.

17 Dec 2024IPT Member News
Property and State Income Tax Symposium Highlights
A big congratulations to the planning committees for orchestrating outstanding Property Tax and State Income Tax Symposiums last month!
Member News

President's Message

 

Happy holiday season!! As we close the book on 2024 and look ahead to 2025, I find myself reflecting on what an incredible year it has been for IPT. We ended on a high note with the successful conclusion of the Property Tax and State Income Tax Symposiums, held concurrently in Tucson, Arizona this November. Both programs delivered outstanding value through sessions that explored the latest developments in property and state income tax.

Attendees were especially captivated by our keynote speaker, Corey Ciocchetti, whose moving presentation set a tone of inspiration and purpose. The symposiums also offered dynamic discussion forums and breakout sessions designed to maximize learning opportunities.

The planning committees went above and beyond to create memorable networking experiences. Highlights included a pre-symposium golf tournament, a guided hike through Tucson’s beautiful terrain, and a networking lunch that fostered valuable connections. The evening receptions featured craft beer and tequila tastings, while late-night Bingo Night provided lighthearted fun. Of all the moments, seeing IPT’s new logo dramatically projected onto a nearby mountain stole the show—it was truly a crowd-stopper! 



Our deepest gratitude goes to the committees that made these events possible:

• Property Tax Symposium Committee: Special thanks to Chair Jessica L. McClean, Esq., Co-Vice Chairs Jerry Aucoin, CMI, and Gauri S. Samant, Esq., along with their incredible team.
• State Income Tax Symposium Committee: A heartfelt thank you to Chair Jennifer C. Waryjas, Esq. and Vice Chair Jeff J. Cook, CPA, and their dedicated Committee for countless hours of hard work and preparation.

Looking ahead to 2025, I am especially excited for IPT’s Annual Conference to be held at the Habor Beach resort in Fort Lauderdale, June 22nd through the 25th. The oceanfront location promises to be a fantastic setting. Our theme is “Club Pro Royale”. (I encourage you to watch Palm Royale if you are not already a fan and to get ready for our fun Casino Royale event on Tuesday night). In addition to a great program, we are planning a full slate of networking events that will guarantee a unique and engaging experience for all attendees.

And as we prepare to turn the calendar, I want to express my gratitude to everyone who served on a property tax or state income tax program committee this year, whether it was a school, symposium, webinar, or seminar. To all who volunteered on any IPT committee in 2024, thank you. Your time, talent, and dedication inspire us all and ensure IPT remains the premier resource for SALT professionals. To all who volunteered on any IPT committee in 2024, thank you. Your time, talent, and dedication inspire us all and ensure IPT remains the premier resource for SALT professionals.

Lastly, to all IPT members: thank you for your participation, commitment, and care for our organization. IPT is more than a professional association; it is a community where education meets opportunity and where connections lead to growth. Because when you know more, you PRO more. I wish you and your families a joyous holiday season and happy new year. And as we consider our new year resolutions, please consider putting becoming more involved in IPT in 2025 towards the top of your list.

Warmest regards,
Trisha Thank you for being a part of IPT!

Related News

Get Involved with IPT

The IPT community Is Ready for You

Join a diverse community of more than 6,600 members and achieve educational excellence, earn professional certification, and gain access to a world-class network. With IPT, you can advocate for equitable administration of state and local taxes, participate in volunteer opportunities to grow your leadership skills, and establish a stronger professional reputation by participating on our committees.

17 Dec 2024IPT Member News
IPT Presidents December 2024 Message
Happy holiday season!! As we close the book on 2024 and look ahead to 2025, I find myself reflecting on what an incredible year it has been for IPT.

Why Investing in IPT Programs Is a Smart Move For Your SALT Team

You know firsthand that state and local tax (SALT) regulations evolve constantly. That’s why, for tax departments and professionals like you, it’s essential to stay ahead of these changes. Falling behind can lead to costly errors, missed opportunities, and compliance issues directly affecting your company’s bottom line.

IPT programs provide the structured, expert-led education you and your team need to stay compliant, effective, and strategically positioned. Let’s explore why IPT programs are a good fit for your team members.

The Challenge of Keeping Up with Change

The pace of change in SALT laws and regulations can feel relentless. Tax professionals face an overwhelming amount of new information each year, from complex legislative updates to shifting compliance requirements. IPT has a proven track record as a trusted partner that can keep your team informed and ready, offering training and insights that are immediately applicable.

The Unique Benefits of IPT Schools and Programs

IPT offers two distinct types of in-person learning experiences: schools and programs.

Each serves a specific purpose, and both are crucial to making a strategic investment in your team's professional growth.

IPT Schools: Building a Strong Foundation and Advanced Skills

IPT schools deliver comprehensive, hands-on training covering both fundamental principles and advanced concepts in SALT. These sessions dive deeply into essential tax topics, equipping attendees with the practical skills to address real-world challenges. Through interactive exercises, small group discussions, and mock presentations, your team members can return to work with actionable knowledge and the confidence to implement it effectively.

IPT Programs: Staying Ahead with Emerging Trends and Networking

IPT programs—like symposiums and conferences—focus on the latest developments, emerging trends, and strategic insights in SALT. These events offer a unique opportunity for your tax professionals to stay current with rapidly changing regulations, learn about cutting-edge strategies, and gain exposure to new technologies.

Programs also emphasize the importance of networking so your team can connect with industry leaders and peers, building a robust support system of professional contacts.

The Benefits of IPT Schools

IPT schools transform tax professionals into highly skilled, confident practitioners capable of navigating complex SALT challenges.

Expert-Led Curriculum

The curriculum at IPT schools isn’t off-the-shelf. Instead, it’s crafted and delivered by seasoned tax professionals facing state and local tax challenges daily. Your employees aren’t just learning theory—they’re absorbing practical knowledge from experts who understand the real-world implications of SALT issues.

Training includes mock presentations, small group exercises, and case studies mirroring problems your team may actually encounter, ensuring they leave with the ability to apply what they’ve learned immediately.

Hands-On Learning

IPT schools emphasize active participation and hands-on learning.

Attendees engage in interactive sessions that go beyond traditional lectures, offering practical exercises to prepare them to tackle complex tax issues head-on.

These experiences cultivate critical thinking and problem-solving skills, which translate directly into improved workplace performance. The result is a team that can effectively handle daily responsibilities and contribute to the overall efficiency of your tax department.

Return on Investment

Investing in IPT schools delivers a tangible return on your team’s time and budget.

Your team members can return equipped with the expertise to analyze and resolve tax challenges more effectively, minimizing risks and uncovering opportunities that directly benefit your business.

Practical skills gained through IPT’s rigorous training reduce the likelihood of costly mistakes and improve the overall strategic impact of your tax department.

The Advantages of Attending IPT Programs

IPT programs, including symposiums and conferences, are designed to keep your tax department at the forefront of the industry. These events equip your team with the connections and knowledge they need to excel in a constantly shifting tax landscape. Best of all, they are scheduled with the important dates on the SALT calendar in mind so your team members can attend because the timing works for them.

Here are just a few of the reasons why your team members can benefit from IPT’s annual programming.

Cutting-Edge Knowledge

IPT programs ensure your employees stay well-informed on the latest trends, regulations, and strategic developments in state and local taxation. Sessions are packed with insights into emerging technologies, complex SALT issues, and legislative updates. By staying current, your team is equipped to anticipate and navigate changes, maintaining a competitive edge in the field.

Industry-Specific and Regional Focus

Understanding that tax issues can vary significantly by industry and region, IPT programs offer sessions tailored to meet the specific needs of your team members. No matter the sector your teams work in, they’ll receive targeted, relevant knowledge. This focused approach allows tax professionals to more effectively address industry-specific challenges and implement strategies that can directly impact your business operations.

Valuable Networking Opportunities

One of the most significant benefits of IPT programs is the opportunity to build a network of peers and industry leaders across multiple tax disciplines. These connections can be invaluable when your team faces complex challenges, offering a go-to resource for advice and collaboration.

Establishing relationships at these events not only fosters professional growth but also creates a support system for your teams that extends well beyond the conference room.

The Strategic Value of Investing in IPT Programs

Investing in IPT programs isn’t just about professional development—it’s a strategic decision for your business that can yield substantial returns. Here’s why investing in IPT membership for your team members makes good business sense.

Efficient Access to Resources

The sheer volume and specificity of information shared at IPT events are unparalleled. Unlike piecemeal, independent research, IPT programs consolidate critical SALT updates and advanced strategies into a single, cohesive learning experience. The efficiency saves your team members time and ensures they receive insights that are both current and comprehensive.

Additionally, the perspective that your team members can gain from industry leaders will help them apply their new skills on a practical level. Your teams will benefit from nuanced interpretations of regulations and real-world case studies, giving them the tools to make well-informed decisions at work.

Impact on the Bottom Line

Well-trained tax professionals are more adept at navigating intricate regulations, meaning fewer costly errors and more opportunities to optimize tax positions.

Consider the financial implications: an error in tax compliance or a missed opportunity for tax optimization can have serious repercussions.

IPT-trained employees are equipped to minimize risks and capitalize on tax-saving strategies. The return on investment isn’t theoretical—it translates to measurable financial gains and increased operational efficiency.

Long-Term Benefits

Beyond the immediate impact, IPT programs foster long-term growth and stability. Employees with this level of specialized training develop into confident, knowledgeable professionals who can easily handle evolving tax challenges. This continuous upskilling reduces the need for constant retraining and positions your department as a strategic asset rather than a reactive cost center.
Further, investing in your employees’ education reinforces your commitment to professional development, improving retention, and helping you attract top talent.

Staying ahead in the industry isn’t just about compliance; it’s about cultivating a tax team driving value year after year.

Help Your Team Stay Prepared and Current

A well-prepared, knowledgeable tax team is a necessity. IPT schools deliver both foundational and advanced training, giving your team members practical, real-world skills they can apply immediately. IPT programs  ensure your team stays ahead of industry changes with timely updates and strategic insights so your tax department is more agile and effective.

Investing in IPT memberships for your team is a smart, strategic way to maximize your education budget. The ROI is clear: a more capable, confident, and efficient tax team that can navigate SALT complexities with precision. Learn more about specific IPT programs and take the next step toward strengthening your tax department today.

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16 Dec 2024IPT Member News
Why Investing in IPT Programs Is a Smart Move For Your SALT Team
Discover how IPT programs empower your SALT team with expert-led training, cutting-edge insights, and networking to stay compliant and ahead of changes.