Unleashing the Power of Technology for Business Success In today’s fast-paced digital world, where innovation is king, staying ahead of the curve has never been more crucial. Automation and digital transformation can revolutionize businesses, creating...
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. ...
Picture this: You’re a small business owner, eager to offer your employees a competitive 401(k) plan, but you’re drowning in administrative tasks and worried about fiduciary responsibilities. Or perhaps you’re a financial advisor, looking for ways to...
Ohioans voted in favor of Issue 2, a significant change in the state’s legal landscape, with approximately 57 percent of voters supporting the measure. This decision legalizes the purchase, possession, and cultivation of marijuana for adults aged 21 and older,...
In today’s digital age, financial data security is a critical concern for organizations of all sizes. With the ever-increasing prevalence of cyber threats, adopting a dual approach to safeguard sensitive financial information effectively is essential. The...
What Is the Corporate Transparency Act? The Corporate Transparency Act (CTA) is a federal law aimed at protecting national security and helping prevent money laundering through shell and front companies. When entities are created through the State, their beneficial...
The Inflation Reduction Act of 2022 provides numerous tax credits for clean energy initiatives. While too voluminous to list each credit and requirement, below are some programs that may benefit taxpayers who are interested in clean energy. Investment Tax Credit (ITC)...
In an effort to enhance security and streamline access to government services, the Department of Labor (DOL) has made a significant change to the way retirement plan sponsors access their accounts. They are phasing out the old EFAST2-issued User ID and password and...
An issue has been identified with IRS reporting related to Form 8955-SSA that may impact some of our clients, and we want to ensure that you are informed and well-prepared to address any concerns that may arise. Summary of the Issue We have become aware of a glitch...
As a business owner, you are constantly seeking ways to enhance efficiency, minimize costs, and drive your company toward greater success. One crucial aspect that can significantly impact your bottom line is understanding the importance of spend management for...
Unleashing the Power of Technology for Business Success In today’s fast-paced digital world, where innovation is king, staying ahead of the curve has never been more crucial. Automation and digital transformation can revolutionize businesses, creating...
In the realm of construction projects, effective cost management is vital for success. Keeping expenses under control, accurately tracking costs, and ensuring profitability are key objectives for construction companies. Fortunately, there are several techniques and...
In today’s fast-paced digital world, businesses heavily rely on technology to streamline their operations and stay competitive. However, managing and maintaining an efficient IT infrastructure can be a daunting task for many business owners. While having an...
Construction contractors are the unsung heroes of our cities and towns, building the homes we live in, the offices we work in, and the roads we travel on. But behind their hard hats and tools, these contractors face numerous challenges, including meeting client needs,...
Restaurant owners everywhere let out a collective sigh of relief as pressures from the COVID-19 pandemic, and subsequent staffing challenges, have begun to let up. But while the economic symptoms of the pandemic have eased up for many restaurants, there are new...
When was the last time you double-checked your passwords and any associated policies and best practices? After all, they are a key line of defense in your cybersecurity posture. How Strong Do You Think Your Passwords Are? While you may not have had an account...
The sales pitches you’ve heard about managed IT services so far may not have actually explained what makes them so worthwhile—how can you tell if they’re the right choice for your business? If you’re going to evaluate the real value of managed IT services, then you...
Are you falling behind the current standard of business cybersecurity? Discover what your colleagues in the business world are using to keep their organizations secure. The absolute biggest mistake companies make about cybersecurity is to assume that they don’t...
Do you have assets that continue to be used well beyond a single reporting period, such as land, land improvements, buildings, furniture and equipment, infrastructure (including roads, water and sewer lines), and construction in progress? Then you have capital assets;...
Like many businesses, restaurants are finding it difficult to maintain profitability since the pandemic, thanks to increasing food and beverage costs, labor shortages and rising wages. In an effort to keep costs down, some restaurants have revamped their menus to try...
A data breach can certainly be harmful to your business, and whether it is the cause of an accidental event or an intentional action, it can damage your organization’s reputation or cause financial loss. So, what does it take to protect your data?Let’s start with...
Sponsoring and maintaining a retirement plan for a small business can seem daunting. Your retirement plan helps shape the financial futures of your hardworking employees, and there are many important decisions that you must make not only in the best interest of your...
When you choose to embark on an Employee Stock Ownership Plan (ESOP) journey, you’ll have the opportunity to sell all (or just a portion) of your own investment in the company to employees while keeping you in the driver’s seat to maintain continuity and control of...
How To Determine Business Value Even though financial data plays a large role in determining a business’s value, it’s really only a starting point. In most cases, “value” is synonymous with quantifying the future returns to an owner or investor. Alone, financials tell...
