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Jun 22, 2022
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.
Jun 20, 2022
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.
Jun 17, 2022
Jun 16, 2022
New Audit Standard for Employee Benefit Plans Casts Bright Light on Role of Fiduciary
As a new auditing standard become effective this year for most employee benefit plans, individuals charged with managing and administering plans should be aware of their responsibilities as plan fiduciaries.
May 11, 2022
Plain & Simple | Spring 2022
Reflecting on our previous issue of Plain & Simple, a lot of the issues people were dealing with last Fall still remain true, including labor shortages and supply chain issues. Only now we’ve also added inflation that hasn’t been seen in years, rising fuel and energy prices, and general uncertainty around global security and the global economy.
May 11, 2022
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.
May 10, 2022
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.
Apr 4, 2022
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.
Mar 18, 2022
An In-Depth Look at the Construction Forecast for 2022
Experts foresee compound annual growth across almost all construction segments, particularly, water supply, S&WD and transportation.
Mar 11, 2022
‘Group of Plan’ Arrangements Offer Cost Savings for 401(k) Sponsors
sponsors are familiar with solutions like multiple employer plans (MEPs) and pooled employer plans (PEPs). But one of the least well-known plans may be the most effective solution for plan sponsors who are looking to cut costs and maintain local service and plan design flexibility – the “group of plans” arrangement.
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