The term “501(c)(3) organization” — which refers to the Internal Revenue Code section governing not-for-profit entities — often is used intercha...
Spotlight: The One Big Beautiful Bill Act
Learn how the One Big Beautiful Bill Act impacts businesses and accounting practices. Explore insights, resources, and expert analysis on this important legislation.
Ins & Outs of Private Foundations
Strategic Tax-Planning Q&As for Construction Businesses
Jun 17, 2023To maximize their tax savings, construction business owners need to plan year-round. Strategic tax planning is about not only knowing which credits and deductio...
Saving for Your Child’s Education? Consider a Custodial Account
Jun 16, 2023If you’re looking to save for your child’s or grandchild’s education, you may have several options, including 529 plans, Coverdell education s...
Navigating Multistate Payroll Taxes & Remote Workers for Ohio Employers
Jun 09, 2023Ohio’s unique local taxation laws can make running payroll across state lines complicated. An ounce of preparation can save thousands in tax liabilities, so h...
Financial Statement Fraud: Don’t Believe Everything You Read
Jun 01, 2023Financial statements are central to understanding any business. A public company’s balance sheet, income statement and cash flow statement enable investor...
Estimating the Value of Your Business Today
May 23, 2023Proactive business owners always have an eye on the future. And part of that preparedness means knowing what the company is currently worth and doing everything...
Do You Owe SE Tax on Home Rental Income?
May 22, 2023If you rent out a second home — or part of your main residence — you may be unclear about whether you need to pay self-employment (SE) tax on your net renta...
Are You Using the Right Accounting Method for Your Business?
May 10, 2023The accounting method you currently use for your small business may no longer be appropriate due to changes in market conditions or within your company. The IRS...
How Construction Business Owners Can Prepare for an IRS Audit
May 10, 2023The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income and worker...
Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?
May 09, 2023The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created t...