The Business Of Our Business is a quarterly article series featured in Rea’s print publication, The Rea Report. The purpose of each article is to provide readers with greater insight into the inner-workings of our firm. Research Calls Are Not Sales Calls Looking...
Wondering about an organization’s tax-exempt status? Wonder no longer! The Tax Exempt Organization Search tool on the IRS website is here to help. Editor’s Note: This is a really popular time of year for those who are looking to make considerable donations...
Outsourcing May Be The Solution You’re Looking For You’ve worked hard to build a successful company. But at the end of the day, do you ever wonder if you could be doing more? For years, the term “outsourcing” brought to mind American jobs being shipped...
What to know when reporting your fantasy football winnings – or losses Editor’s Note: It is fantasy football season again, which means some of you might have questions about the money that’s changing hands. To answer your questions, we thought it would be a good...
‘Less is More’ When It Comes To Your Chart Of Accounts, Fund List & Program Structure About a year ago, my family exchanged big city living for a quieter life in rural America – Columbus to Zanesville, Ohio, to be exact. As you might expect, our family encountered...
How To Tell If Your Company Is Financially Fit Over the past 30 years on dealing with construction companies in the accounting and finance arena, I’ve seen thousands of financial statements. Some companies have come and gone, while some continue to evolve and prosper....
How A Well-Maintained Balance Sheet Can Help You Decide This can be a hectic time for you as you work to close the books on the previous year while strategically plan for the year ahead. For me, this is the time of year I find myself fielding questions from clients...
How To Monetize Your Biggest Investment Part of any investment strategy is figuring out how to turn your investment efforts into cash – the same is true in business. In my experience, business owners get held up when it comes to determining what...
Was It Love At First Installation? No. But QuickBooks Online Has Redeemed Itself When Intuit® released QuickBooks® Online (QBO), suffice it to say that it had more than its share of quirks. Naturally, people began avoiding it and, as a result, the software was slow...
HSAs Feature Cost Savings Opportunities For Businesses, Employees Health Savings Accounts (HSAs) have become extremely helpful for those looking to secure affordable healthcare for themselves and their employees. That being said, the full potential of this particular...
Hit A Home Run With A Better Accounting Strategy I am a baseball stats junkie. As a kid, I couldn’t wait for the Sunday paper to arrive because, at the time, it was the only way to get the MLB team and individual statistics update. I laugh about that now, of course –...
Want The Best? Design The Best! Retirement plan design is an area we spend a lot of time on with our clients. In fact, we help many clients set up their very first retirement plan. When a client is thinking about sponsoring a retirement plan, plan design is a natural...
It’s not enough to make decisions based on a hunch or to simply jump on just any investment opportunity that comes your way simply because it might yield results. Rather, you need to establish a roadmap that will help you stay on course. Five Tips To Help You Protect...
Create A Better Employee Performance Appraisal Process In 5 Steps Editors Note: Employee retention continues to be a hot topic among large and small employers, alike. So, we updated this archived article to provide you with insight that will help you motivate your...
What’s The Strategy Behind Your Business? The course is set, it’s time to go … but wait! Where are you going and what’s your plan for getting there? You wouldn’t necessarily embark on a roadtrip without a map, money for gas or a general idea of...
Protect Your Company’s Value By Sharing Your Wealth Of Knowledge Last month, I discussed the increasing amount of dialog I’m having with business owners about management transition, liquidity events, and exit strategies. To review, the three critical components...
Make Performance Management A Priority Your new employee has been on board for nearly two months and still doesn’t seem to be improving. Is it time to cut your losses, or do you invest more time and money into additional training? We all struggle with this question...
It’s Smart To Start Planning Early Retirement … you spend years dreaming about it (and maybe even saving for it). Still, many worry about having enough money to retire comfortably and independently. Below is a checklist to get you started planning for the...
Why Misclassifying Employees Could Cost You You may employ hundreds, if not thousands of employees. Or maybe you only employ a handful. Regardless of the number of people you have working for you, the way you classify your workers is important to the federal...
Getting To Know The Qualified Business Income Deduction Corporate tax rates were reduced from a maximum rate of 35 percent to a 21 percent flat rate under the Tax Cuts and Jobs Act (TCJA). So, in order to keep pace with the new corporate rate, the qualified business...
Client Advisory Services Delivers Robust Accounting Capabilities To Small- And Mid-Sized Businesses Over the course of your business’s lifecycle, you will face many obstacles; and how you go on to manage them will ultimately determine your short- and long-term...
A job can’t be carried out correctly if you don’t understand your duties. Board Governance For Nonprofit Organizations And The Importance Of Written Policies This may come as a surprise to you, but a major challenge most boards and board members have in nonprofit...
The annual inflation-adjusted limits on deductions for contributions to a health savings account (HSA) for 2020 were recently released by the IRS. The increases allow for employees to put a little more money into their HSAs next year. These contributions affect...
The Benefits Of Outsourcing Your Business’s Accounting Services You (like so many other business owners out there) probably handle every aspect of your business. After all, why wouldn’t you? Because it’s your business, it makes sense to be so hands-on all the time,...
