What Could Ohio’s Small Business Investor Income Tax Deduction Do For Me?
In an effort to become more taxpayer-friendly and reduce the effective tax rate, Ohio enacted the Small Business Investor Income Tax Deduction effective for tax year 2013. This tax deduction benefits...
View ArticleShould I Make a Big Purchase to Cut Taxes?
This is a hectic time for business owners who are working to close their books on the previous year while strategically planning for the year ahead. For me, this is the time of year I find myself...
View ArticleBeware Of Small Business Wire Transfer Scam
Late last week, the Federal Bureau of Investigation (FBI) issued a wire transfer scam alert for all small businesses in the United States. According to the FBI alert, between October 2013 and December...
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Is Your Cash Flow Ready For Spring?
Cash flow is arguably more important to your company’s success than your bottom line because it takes your past, present and future projections into consideration to arrive at a comprehensive analysis...
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10 Ways To Implement Internal Controls With Limited Resources
Putting internal controls to work in your business doesn’t have to be an overwhelming task and you don’t necessarily need to beef up your workforce to get started. Start by simply picking a few key...
View ArticleHow to make your building work for you with a cost segregation study
Have you recently purchased commercial real estate or invested in construction? If so, you might want to look into getting a cost segregation study. The benefits of a study can mean tax savings and...
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IRS Gives Business Owners The Gift Of More Time
Failure to comply with provisions set forth in the ACA can lead to catastrophic penalties, which is why we have actively sought to inform business owners of their responsibility to file Form 1095-C....
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Are Your Employees Skimming From The Top?
Dear Drebit: As a new business without a cash register, what is the best way (accounting method-wise or other) to protect cash receipts from sales against employee theft or dishonest activity? Thanks,...
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The ACA: Small Businesses Are Also At Risk
The “any’ employer changes impacting small businesses are potentially even more costly than the penalties faced by the “larger” employers. Read on to find out what to expect. Thinking the provisions...
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Phishing Scam Is A Threat To Ohio Businesses
You can take a proactive stance when it comes to protecting your company from these scams by encouraging your employees to pay close attention to emails that request sensitive information, such as the...
View ArticleHow will the Small Business Lending Act impact my business?
Small Business Lending Funding Act Establishes Four Lending Programs When President Obama signed into law last week the Small Business Jobs and Credit Act of 2010, the new law created a $30 billion...
View ArticleAre You Ready for the Next Phase of InvestOhio?
Recently we’ve been telling you about Ohio’s new nonrefundable tax credit program called InvestOhio. Through it, Ohio taxpayers who invest in qualifying Ohio small businesses can qualify for a 10...
View ArticleDo You Have a Business Pre-nup?
No one enters a relationship wanting to get jilted. It’s true whether you’re entering a business together or a marriage together – and the consequences can be even more painful if you’re doing both at...
View ArticleIs Your Farm a Hobby or a Business?
Farming is a pleasure activity for some individuals, and for others, it’s how they support themselves. If you farm for profit, how do you prove it to the IRS? Sometimes farming can be viewed as a hobby...
View ArticleHow do you follow IRS regulations when gifting a business interest?
Lately we’ve been surprised by how many people are thinking about filing a gift tax return without a business valuation. We’ve had a few conversations with people who are under the impression that they...
View ArticleHow can your accountant help your business get the necessary financing?
Your accountant can help your business get financing in a number of ways. Preparing documents. Lenders want to receive financial information in a specific format, and also want year-end and interim...
View ArticleWhat’s Your “Get Out of Business” Plan?
You’ve worked hard to build your business and probably can’t imagine a time when it won’t be a major part of your life. But, someday, you’ll approach retirement and you’ll want to spend more time...
View ArticleDo You Have Any QuickBooks Tips for Managing Cash Flow?
Cash flow management is a struggle for many small businesses. Unlike revenue, cash flow isn’t easy to quantify or pin down. It’s up and down and moves around. But, most small businesses that fail do...
View ArticleWhy is the Timeliness of Employee Contributions Under Scrutiny?
The Department of Labor (DOL) has focused on the timely remittance of employee contributions to retirement plans for a few years. And recently, they stepped up efforts during agency-conducted audits,...
View ArticleHow Can the Ohio Incumbent Workforce Training Voucher Program Work for Your...
It’s almost half way through the year. When thinking about your employees, how have you helped them develop professionally during the past few months? Investing in your people pays off. It helps them,...
View ArticleWhen Can I Apply for the Ohio Incumbent Workforce Training Voucher Program?
When will the application process begin for the next round of the Ohio Incumbent Workforce Training Voucher Program? This is a burning question for many Ohio companies these days. While the Ohio...
View ArticleDid You Know that the FASB Wants to Hear From You?
Let’s face it—opinions matter. We all like to be asked for our opinion. And more often than not, opinions help shape decisions and the direction that a group of people may take. Clients frequently...
View ArticleSo Is It a Tax Credit Or a Tax Deduction?
As you can probably guess if you have seen any courtroom dramas lately, semantics is very important when it comes to the law. One word can totally change the meaning of something, and hence change the...
View ArticleWhat Are 6 Things You Can Do To Improve The Health Of Your Business in 2014?
Are you out of breath from the impact the economy had on your business during the last several years? Is it time to develop some New Year’s resolutions that will make a difference in your business?...
View ArticleWhat Are 5 Things You Should Do Financially Now?
As a small business owner, you probably find the end of the year a busy time. Before you know it, you find yourself into January trying to determine what the New Year will bring. One of the keys to...
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It’s Lonely At The Top …
A Business Advisory Board Can Help Excellent leaders seek out excellent advisors and the best advisors for your business are those who fill knowledge gaps within your company. They will also not be...
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Help The FBI Find A Defense Against Ransomware
The FBI recommends users consider implementing prevention and continuity measures to lessen the risk of a successful Ransomware attack. Keep reading to find out how you can help the FBI combat the...
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Is Your Business A Family Affair?
Top Tax Savings Strategies For The Family-Run Business Instead of chores, how about give your children a job to do in your family-run business. The money they earn can go to their college savings...
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