Did we lose you at “financial statement”? What may seem like a dull document could be the secret weapon to skyrocket your practice’s success. Let’s take a step back. Let’s think about this from a different perspective. Think of the dashboard of your car. Your car’s...
We want to bring your attention to a significant processing issue affecting some 2023 Ohio individual income tax returns. Our tax team has identified an emerging situation that may impact clients who received interest income reported on Form 1099-INT during 2023. ...
If you’re running a business in manufacturing, you’re no stranger to the challenges of managing finances. But here’s a question: Are you giving your cash flow the attention it deserves? If not, you might miss one of the most powerful tools in your...
As an employer, you recognize that choosing a retirement plan for your employees is a pivotal step in securing their financial well-being. One of the key decisions they’ll face on this journey is choosing between a Roth and a traditional pretax 401(k). We...
Recent hurricanes impacting Florida and several other states have created significant challenges for residents and businesses. Rea is committed to helping you understand and maximize the information available for tax relief and assistance programs. Here’s a...
As business advisors serving Ohio’s dental community, we’re seeing a significant shift in how dental practices will operate and grow, thanks to recent legislative changes. Senate Bill 40, signed into law by Governor Mike DeWine, introduces two...
Every not-for-profit has a story worth protecting. While daily operations and program delivery often take center stage, implementing strategic risk assessment practices can transform your organization’s ability to serve and grow. Understanding and managing...
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...
