Valuing Intangible Assets
Intangible assets — such as patents, copyrights, trademarks and customer lists — can have substantial value. But, unless they’re purchased from a third-party, you might not know what they’re currently […]
Category: Articles
House Bill 33 Amends the Commercial Activity Tax (CAT)
The newly enacted House Bill 33 amends Ohio’s Commercial Activity Tax (CAT) exemption amounts. Though still awaiting official guidance from the Ohio Department of Taxation (ODT), the Ohio Society of […]
Guaranteeing a Loan to Your Corporation? There May Be Tax Implications
Let’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as a guarantor, endorser or indemnitor of a debt obligation of […]
Maximum 2023 Educator Expenditure Deduction is $300
It’s a new school year, and the IRS is reminding teachers and other educators that they can deduct up to $300 in out-of-pocket classroom expenses for the fiscal year when […]
Planning Ahead for 2024: Should Your 401(k) Help Employees With Emergencies?
The SECURE 2.0 law, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that eligible employers will soon be able to provide […]
Manufacturers: Make the Most of the General Business Credit
Generally, tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income, a credit reduces its tax liability dollar for dollar. Tax credits […]
Watch for These Small Business Fraud Schemes
While it may seem that most fraud scams are repetitive and familiar, fraudsters are always devising new ways to cheat businesses. Here are some recent scams – and how your company […]
Taxpayers: Be Aware of Scammers Posing as the IRS
Criminals are constantly searching for novel ways to deceive innocent taxpayers. Scammers can mimic the IRS via phone or email, in person, or by mail or delivery service, wasting people’s time and money. Taxpayers can […]
Receive More Than $10,000 in Cash at Your Business? Here’s What You Must Do
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and not just on your tax […]
Nonprofits: Outsourcing HR Could Save Time and Money
Employers who outsource human resources are no longer outliers. According to software vendor ZipDo, around one-third of US employers outsource at least one HR function. With good reason: Many HR […]
Successfully Navigating the Shift to Reshoring Manufacturing Production Can Be Tricky
For decades, products that were made in America were synonymous with high quality and were manufactured in great abundance. Comparable products from other countries were often viewed as cheaper knockoffs. […]
HW&Co. Announces 2023 Professional Promotions
At HW&Co., we realize the only way for us to reach our full potential as a firm is to help our people reach theirs, and we are dedicated to helping […]
