Blog | Rea CPA
Author
Nov 8, 2023
Blog

Ohio’s Marijuana Legalization Update – Resources & Best Practices from Rea & Associates

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, along with the implementation of a 10% sales tax on these products sold at licensed dispensaries.
Author
Sep 22, 2023
Blog

Critical Security Considerations for Financial Data

The critical considerations involved in securing financial data through a comprehensive strategy that combines innovative technology with a strong emphasis on employee awareness and best practices deserve a close look.
Author
Sep 15, 2023
Blog

Understanding the Corporate Transparency Act and How It Can Impact Your Business

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 owners’ information (BOI) is not collected. The CTA will require the reporting of this information to FinCEN starting Jan. 1, 2024. 
Author
Sep 14, 2023
Blog

Redefining Work Dynamics: A Close Look at Remote Work Best Practices, Obstacles, and Potential Advancements

In the landscape of modern work, remote work opportunities have emerged as a game-changer, reshaping how businesses operate and employees thrive. Whether you're a business owner, an HR professional, or part of an organization considering remote work options, it's crucial to understand the intricacies, benefits, and challenges of this paradigm shift. Here you will delve into the dynamic world of remote work, exploring best practices, identifying challenges, and uncovering the abundant opportunities it presents. 
Author
Sep 11, 2023
Blog

Powering Your Wallet: Understanding the Clean Energy Tax Breaks in the Inflation Reduction Act

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.
Sep 5, 2023
Blog

Important Update: DOL Extends Grace Period for New Login.gov Credentials

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 transitioning to a unified system called Login.gov. This change impacts anyone who needs to sign and submit their 2023 Form 5500 series, and it's crucial to stay informed to avoid potential filing problems or delays.
Author
Aug 28, 2023
Blog

IRS Glitch Blamed for Erroneous Late Filing Notices Related to Retirement Plan Filings

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.
Aug 2, 2023
Blog

Understanding Spend Management: Your Key to Success

As a business owner, you are constantly seeking ways to enhance efficiency, minimize costs, and drive your company toward greater success.
Author
Jul 27, 2023
Blog

There’s a New Version of Form I-9: An Essential Update for Employers

The U.S. Citizenship and Immigration Services (USCIS) has made a significant announcement that will impact employers nationwide. Effective August 1st, a new version of Form I-9, the mandatory Employment Eligibility Verification form, will be introduced.
Author
Jul 25, 2023
Blog

The Power of Mental Health

In today's fast-paced and demanding work environment, nurturing the well-being of our workforce has become paramount. As employers, we have a unique opportunity to create a culture that supports mental health and cultivates higher levels of employee engagement.