Insight Tag: Business Advice
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Article
The Hidden Threat to Your Construction and Real Estate Profits: ACH Fraud Exposed
Cybercriminals are increasingly targeting the construction and real estate industry. One of the most prevalent threats? ACH fraud. Here's what you need to know to protect your business
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Article
Ohio’s Extended Tax-Free Holiday: What Restaurants and Businesses Need to Know
This summer, the Buckeye State is rolling out an expanded tax-free holiday that promises to boost sales and offer substantial savings. But there are also some challenges that businesses should be aware of. From July 30 to August 8, 2024, Ohio will suspend sales tax on a wide range of items, including dine-in restaurant meals. Let's dive into what this means for your business and how you can make the most of this opportunity and avoid potential problems.
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Article
Mastering Inventory Management: The Key to Manufacturing Success
Inventory management is a critical component that can make or break a company's success when it comes to manufacturing. Effective inventory management ensures that you have the right materials, in the right quantities, at the right time, and in the right place. By mastering this essential aspect of your operations, you can reduce costs, improve efficiency, and ultimately, boost your bottom line.
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Article
The Hidden Cost of Doing Business in Multiple States: A Tax Perspective
As a business owner, expanding your operations into new states can be an exciting prospect. However, with growth comes new responsibilities, including the obligation to file taxes in those states. Unfortunately, not all businesses are aware of the potential pitfalls and risks associated with state and local taxes, leaving them vulnerable to scams and costly mistakes.
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Article
Metrics That Matter: Assessing Your Not-for-Profit’s Fundraising Health
Effective fundraising is critical for many not-for-profit organizations to fully fund their programs and execute the mission. But how do you know if your fundraising efforts are effective, and you are using the best strategy? Analyzing key fundraising metrics can provide valuable insights to help you optimize your approach and get the most out of your fundraising investments.
May 27, 2024
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Article
Building Your Budget: Moving Forward & Putting It All Together
Welcome to the second installment of our Comprehensive Budget Series. Previously we explored the why, when, and how of budgeting. In this article, we’ll focus on the practical steps involved in building a budget that aligns with your goals and supports your organization’s financial health. We’ll discuss strategies for allocating resources, making informed decisions, and addressing challenges that may arise during the budgeting process. No matter what type and size business you’re managing, the principles and techniques covered here will help you create a budget that sets you on a path to success.
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Events
Introducing a Brighter Way 401(k) Group Plan Solution
Join us for an informative webinar that will introduce you to A Brighter Way 401(k) Group Plan Solution. Our experienced panel will delve into the benefits of this innovative platform for plan sponsors and discuss how it can enhance efficiency for your practice. Learn about the roles and responsibilities of providers involved and discover where this solution fits within the small plan market.
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Events
Legacy in Progress: The Essential Guide to Exit Planning (Wooster)
Are you a business owner looking to secure the future of your company? Don’t miss out on this invaluable opportunity to gain insights into the intricate world of exit planning. At this event hosted by Rea & Associates, you’ll hear from industry specialists who will guide you through the exit planning process, covering crucial aspects … Continued
May 9, 2024
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Newsletter
Benefit Insights | Spring 2024
These provisions allow an employer to withhold deferrals from the employee's pay without the employee making an election. By utilizing automatic enrollment, an employer can boost participation while simultaneously simplifying the enrollment process.
Jun 3, 2024
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Other Stuff
Koontz & Parkin joins Rea & Associates FAQs
Rea & Associates offers services far beyond that of a traditional accounting firm, including information services, managed IT, retirement plan consulting, wealth management solutions, as well as valuation and transaction advisory services.