Business Advice | Rea CPA - Part 2
Author
Dec 15, 2022
Article

Why Accounting is an Investment and Not a Cost

In my 30+ years in the industry, too often I’ve witnessed owners that treat the accounting and finance function of their business only as an expense or cost center.
Author
Sep 26, 2022
Article

Hiring and Compensation Strategies into 2023

As we look ahead to 2023, hiring compensation strategies will remain a key issue as organizations grapple with talent. If you haven’t evaluated your strategies and practices related to all things “people” lately, now is the time.
Author
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.
Author
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.
Author
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.
Author
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.
Author
Oct 21, 2022
Blog

No Need to Rush Employee Retention Credit Filing

The IRS is aware of firms pushing the limits of the credit, so we expect an increase in IRS scrutiny and audits as a result.
Author
Oct 20, 2022
Blog

Considering An ESOP Exit Strategy?

When you choose to embark on an Employee Stock Ownership Plan (ESOP) journey, you’ll have the opportunity to sell all (or just a portion) of your own investment in the company to employees while keeping you in the driver’s seat to maintain continuity and control of the business.
Author
Sep 17, 2022
Blog

Automation is Everywhere: Can QuickBooks Online Help Lighten Your Workload?

Interested in reducing your workload? Business automation software, like QuickBooks Online, can help.
Author
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.