When you’re running a manufacturing operation, every minute spent wrestling with financial reports is a minute away from growing your business. Yet many of our manufacturing clients tell us they’re struggling with financial reporting systems that feel more...
As your dental practice grows, you’ll likely consider bringing on additional professionals – perhaps an associate dentist, specialist, or hygienist. But before you extend that offer, there’s a crucial decision that could significantly impact your...
Mission-driven organizations thrive when passion meets process. Your not-for-profit’s impact grows exponentially when backed by strong operational systems. While your team focuses on changing lives and strengthening communities, a well-crafted procedure manual...
When it comes to cybersecurity, local governments face an unprecedented challenge. Governmental entities of all sizes have become prime targets for cybercriminals, with recent attacks throughout Ohio highlighting how vulnerable our local governments can be. Beyond the...
Is someone telling you that your not-for-profit organization needs an audit? Many have misconceptions about audits and what they achieve. Before you dive in, let’s take a step back and look at the bigger picture. While audits play a crucial role in the...
Business tax compliance is evolving quickly, with the IRS stepping up its enforcement of 1099 filing requirements. As we approach the January 31 deadline, businesses need to understand the heightened scrutiny and potential consequences of incorrect filings. ...
As experienced dental business advisors and CPAs, we’ve guided many practices through year-end tax planning. While December often brings concerns about maximizing deductions and managing cash flow, January presents valuable opportunities to strengthen your tax...
Let’s talk about what’s ahead for your business. With significant tax changes both confirmed and proposed for 2025 and beyond, you’re likely wondering how to position your company for success. Whether you’re in manufacturing, distribution,...
Government entities are facing another significant change in financial reporting with the implementation of GASB Statement No. 101, Compensated Absences. This new standard, which replaces GASB 16, introduces substantial modifications to how organizations recognize and...
As a not-for-profit leader, you’re focused on making a meaningful impact in your community. While your organization’s mission drives your decisions, understanding the financial implications of your activities is crucial for long-term sustainability. One...
As a business owner, you’ve mastered the art of delegation. But when it comes to sales tax and employee withholding tax, a recent Ohio court ruling serves as a stark reminder: some responsibilities are hard to delegate away. This decision can affect every...
You’ve invested years cultivating your business success. Now, as you consider stepping away, you face a crucial decision that will shape both your company’s future and your personal legacy: Should you pursue an internal sale to those already invested in...
Recent tariff policy changes have created significant uncertainty for businesses across industries. While headlines focus on international politics and global trade tensions, business owners need practical guidance on protecting their operations today. At Rea, we...
This case study examines how our Business Valuation and Transaction Advisory team helped a business owner successfully transfer his company interests to his son while minimizing tax liabilities and ensuring equitable treatment for all heirs. Through the implementation...
When you’re considering your business exit options, an internal sale can help preserve the legacy you’ve built while creating opportunities for those who helped you build it. Let’s explore how different internal sale approaches can align with your...
As a dental practice owner or aspiring owner, one of your most crucial decisions is assembling the right team of advisors to guide your practice’s growth and success. Communication with some advisors (e.g. CPA or financial planner) should be regular and...
The past decade has been one of the most transformative and challenging periods for government accountants and financial employees. Since 2015, when the Governmental Accounting Standards Board (GASB) introduced Statement No. 68, a wave of new pronouncements has...
In today’s data-rich business environment, having information isn’t enough—it’s what you do with that information that matters. Business dashboards have emerged as powerful tools that transform raw numbers into visual insights, helping companies of...
Americans gave $557 billion in 2023, which is a two percent decline from 2022. However, both corporate giving and foundation giving has increased from 2022. Gifts from individuals represented 67 percent of total giving. The internet has transformed how non-profit...
This article is based on insights from Rea’s recent webinar “Building Smarter: Automation, Data and Dashboards for the Construction Industry,” featuring construction and data analytics advisors John Kurtin, Andrew James, and Chris Holmes. In...
When you’re ready to transition your business, selling to an external buyer can offer significant advantages – from immediate financial returns to enhanced growth opportunities. But finding the right buyer and structure requires careful consideration of...
Is your not-for-profit organization looking to expand its funding sources? Grants can provide amazing opportunities to strengthen existing programs or launch exciting new initiatives. But as anyone who’s ventured into the grant world knows, securing the funding...
As a dental professional, you dedicate your career to precision work that improves patients’ lives. Shouldn’t your retirement plan receive the same meticulous attention to detail? At Rea, we believe your financial future deserves the same care you provide...
If your organization receives federal funding, you should be aware of important changes that affect your compliance requirements and can potentially save you significant time and resources. The Office of Management and Budget (OMB) has implemented updated guidelines...