Buying a New Business Vehicle? A Heavy SUV Is a Tax-Smart Choice
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d […]
Category: Articles
Brandon Miller Named A Notable Leader
HW&Co. CEO Brandon Miller, CPA, CGMA has been named a Notable Leader in Accounting by Crain’s Cleveland Business. From the article today in Crain’s: First as an intern and now […]
Ohio Medicaid Budget Updates
Governor DeWine issued his biennium budget proposal for fiscal years 2024 and 2025 (FY24-25) in January 2023. His initial proposal said little about Medicaid reimbursement for healthcare providers beyond a […]
Publicly Supported? Passing the Test
Unless 501(c)(3) organizations prove they’re publicly supported, the IRS assumes they’re private foundations. The distinction is important, because publicly supported charities enjoy higher tax-deductible donation limits and generally are exempt […]
IRS Provides Roadmap on How to Value a Private Business
Revenue Ruling 59-60 is a landmark piece of IRS guidance that outlines the factors to consider when estimating the fair market value of a private business. Here’s an overview of […]
Do You Run a Business From Home? You May Be Able to Deduct Home Office Expenses
Many people began working from home during the COVID-19 pandemic — and many still work from their home offices either all the time or on a hybrid basis. If you’re […]
7 Tax-Saving Opportunities for Manufacturers in 2023
After your manufacturing company’s 2022 tax return has been filed, you can focus your efforts on reducing its 2023 tax liability. What are the top tax-saving opportunities available to manufacturers […]
Can You Spot Fraud Perpetrators? Look for Bad Behavior
Ask any business owner whose company has been defrauded by an employee, and you’ll probably hear a common refrain: “I never would have suspected that person!” In many cases, spotting […]
Key Tax Issues in M&A Transactions
Merger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down […]
Why You Should Connect with Giving Circles
Giving circles — generally small groups of people who make a charitable impact by pooling their money — are growing in popularity. If your not-for-profit isn’t already actively appealing to […]
Have Employees Who Receive Tips? Here Are the Tax Implications
Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels and salons. Tip Definition Tips are optional payments that customers […]
Give Your Organization’s Members a Reason to Renew
When inflation is high, it’s common for people to cut expenses by deciding not to renew subscriptions and memberships. For charities and associations that depend on membership fees, this trend […]
