Jun 22, 2022
Article

Depreciation Recapture: Paying the Piper When a Depreciated Property is Sold

When a property owner sells an asset that previously was used to offset ordinary income through depreciation, the gain is taxed through depreciation recapture.
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May 11, 2022
Article

Confronting The National Labor Shortage

We’ve all seen the recent unemployment numbers and heard employment projections from top officials. The struggle to identify, hire, and retain employees at all levels of the organization is very, very real, and it’s causing major issues for businesses. The labor shortage is not isolated to the State of Ohio – it’s happening everywhere and it’s affecting companies across all industries.
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May 10, 2022
Article

Lease Accounting Standard: The Time is Now

The multi-year delays in implementation of the new lease accounting standard are over and now it’s go time. This is it, and if your company or nonprofit has not yet started gathering the information necessary to properly report its lease obligations for 2022, there is no more time to waste.
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Apr 4, 2022
Article

The Effects of COVID-19 on Government: A Path Forward

In this article, we will examine the issues governments still face and will focus on the opportunities as we look to emerge from the COVID-19 pandemic.
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Nov 22, 2021
Article

Supply Chain Issue Considerations For The Future

Learn more about how businesses are understanding than the importance of their supply chain and the impact it can have on their operations.
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Nov 22, 2021
Article

Streamline Your Business: ERP Systems and You

Managing the data that keeps your business afloat can feel like a job in itself, and when many think of investing in enterprise resource planning (ERP) software, they think of expensive, inaccessible software.
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Nov 19, 2021
Article

The Great Employee Shortage

The labor shortage nationwide has certainly affected business owner’s ability to seek and retain talent, but for business owners in the manufacturing sector the struggle to find and retain talent is especially dire.
Jun 20, 2022
Blog

Restaurants Order Up Actionable Financial Data with Outsourced Accounting

Outsourcing of accounting and bookkeeping support services is an increasing trend among many businesses and is growing quickly in the restaurant industry. It’s a solution that addresses a confluence of factors affecting restaurants these days, especially restaurant businesses that are smaller and mid-sized operations.
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Jan 11, 2022
Blog

Late Notice From The IRS Or DOL? Read Before You Act

f you get a late notice from the IRS related to your Form 5500, but you filed on time, don’t panic. Simply let us know and we’ll advise you of next steps to clear things up with the IRS.
Author
Nov 30, 2021
Blog

Top 5 Tips To Help You Prepare For New Lease Accounting Standards

For those of you who were hoping against hope that the Financial Accounting Standards Board (FASB) would further delay the new lease standard for private companies, I’m afraid you’ll be disappointed. The Pennsylvania Institute of CPAs was looking for a two-year delay for the adoption date, but the FASB turned that request down in November.