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Employee stock ownership plans (ESOPs) provide tax-saving opportunities for business owners who want to cash out and transfer ownership to employees without imm...
Valuing ESOPs
Aug 18, 2022
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Hiding Places for Unprofitability in Your Business
Aug 17, 2022The business landscape has so many unexpected events and impossible-to-predict circumstances that metrics describing an organization’s financial health can se...
How Small Businesses Can Deflate Their Inflation Risks
Aug 16, 2022From soaring gas and food prices to hikes in rent, the signs of inflation are popping up everywhere. The latest Consumer Price Index Report (CPI) showed that be...
Avoiding Nonprofit Tax Traps
Aug 04, 2022If your organization has met the IRS qualifications to be considered tax-exempt, the income you receive — such as donor contributions — is exempt from feder...
How Manufacturing Companies Can Benefit from the Section 179 Expensing Deduction
Aug 04, 2022Does your manufacturing company need to acquire new equipment to meet demand? Fortunately, there’s a tax break that can help: the Section 179 deduction. I...
Do Your ESG Initiatives Open the Door to Fraud?
Aug 04, 2022Within a relatively short period, corporate environmental, social, and governance (ESG) initiatives evolved from a disjointed and confusing set of goals to a mo...
How to Use the Cost Approach to Valuing a Business
Jul 20, 2022The balance sheet — which shows a company’s assets and liabilities — is a logical starting point for valuing certain types of businesses. The cost (or...
Hiring Family Members Can Pay Off for Everyone
Jul 20, 2022One of the advantages of owning and operating your own business is the ability to hire family members to fill open positions. This can be a significant perk in ...
Reviewing Revenue Recognition for Construction Companies
Jul 20, 2022While many businesses handle sales in a single transaction, construction contracts often cover months or even years and include multiple payments. As you’...
BWC Audits: Should I Be Worried?
Jul 19, 2022Each year the Ohio Bureau of Workers Compensation (BWC) randomly selects employers to audit to verify that employers are properly classified according to their ...
