Government | Rea CPA
Author
Jun 14, 2024
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.
Author
Apr 29, 2024
Article

The GASB Approves Statement No. 103 on the Financial Reporting Model

In its April 2024 meeting, the Governmental Accounting Standards Board (GASB) approved the issuance of Statement No. 103 regarding changes to the financial reporting model.  The new standard will revise and build upon the requirements in GASB Statement No. 34. The full standard will ultimately be published on the GASB’s website.  Key changes in the … Continued
Author
Mar 7, 2024
Article

The Future of QuickBooks: Getting Ahead of the Change

As of July 31, 2024, new subscribers can choose between QuickBooks Online (QBO) and QuickBooks Enterprise. Existing subscribers will still be able to renew their QuickBooks Desktop Pro and Premier subscriptions, but these options are no longer available to new subscribers. The biggest impact will be for new businesses or QuickBooks Desktop users without an active subscription. For several years, Intuit has poured its resources into enhancing QuickBooks Online, to make it more robust and user-friendly while adding new features. 
Author
Jan 16, 2023
Article

Implementing GASB Statement No. 96: Important Considerations

Subscription-based information technology arrangements (SBITAs) allow governments to benefit from the use of IT software without maintaining a perpetual license or title to the software, which is beneficial to both the government and the vendor.
Author
Jul 11, 2022
Article

Combating Declining Enrollment in Ohio’s Colleges and Universities

Enrollment in America’s colleges and universities fell again in spring 2022. Enrollment declines have persisted since spring 2018 and the declines have only steepened.
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
Nov 2, 2021
Blog

Updated Guidance on Public Records and Open Meeting Laws

Recent guidance issued in the industry may affect the future way and source of your public records training affecting both treasurers and board members of community schools.  Here's what you need to know.
Author
May 3, 2024
Events

Mastering Ohio Medicaid School Program: Insights and Strategies for School District Professionals

Are you a treasurer or special education professional looking to further your understanding of compliance with the Ohio Medicaid School Program (MSP)? Look no further! Rea & Associates invites you to a comprehensive event tailored just for you.
Author
Jul 5, 2023
Events

GASB 96 – What You Need to Know

The implementation of GASB 96 will be no small task. Get a head start by learning exactly how this impacts your organization and what information you need so we can help you implement GASB 96.