Our economy is directly influenced by the success of the manufacturing industry, yet obstacles continue to clutter the road toward efficiency and growth. Read on to learn about the concerns facing Ohio’s manufacturers.
Author: Frank Festi (Retired)
There are few things more gratifying to me than when I observe a successful family business already in its third (or later) generation of existence. It’s not a coincidence that these family-owned businesses are still going strong. Their survival is rooted in balance, as well as exceptional management and leadership. Neil N. Koenig, Ph. D. … Continued
The 2013 “Best and Worst States for Business” survey from Chief Executive Magazine conveyed a hopeful trend for Ohio. The state ranked 22 on the list – advancing 13 spots from the previous year – indicating that Ohio is increasing its support of business. On June 30, Governor John Kasich signed Ohio’s 2014-2015 budget. Some specific initiatives … Continued
On January 2, 2013, Congress and the President signed The American Taxpayer Relief Act which made permanent the $5 million estate and gift tax exemption and indexed that amount to inflation. The indexed amount for 2013 is $5.25 million. Estate Tax Portability The Act also made permanent portability, which allows a surviving spouse to utilize … Continued
The IRS recently announced the standard mileage rates for 2013. Starting on January 1, standard mileage rates will be: 5 cents per mile for business 24 cents per mile for medical or moving 14 cents per mile for charities Business and medical and moving rates are up one cent per mile for 2013 while the … Continued
Everyone hates paying taxes. But, sometimes the process of sorting out what you owe and who you owe it to is more painful than actually writing the check. When struggling to figure out your state and local taxes, have you ever wanted to tear your hair out and thought, “There must be a better way!” … Continued
This is the fourth of a four-part series discussing areas of your business you can examine to determine whether fraud is taking place. Fraud can drive an otherwise successful company right into the ground. Many business owners don’t give fraud the attention it deserves – until it’s too late. The most effective fraud deterrent you can … Continued