Fraud Lurks: When You Underutilize Your IT
This month’s Fraud Lurks centers on your ability to discover fraud early, thereby limiting your exposure. Certainly, the primary goal is to prevent fraud from occurring; we have covered that […]
Category: Articles
Independent Contractors Vs. Employees: Are Your Manufacturing Workers Properly Classified?
Manufacturing company owners may mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as contractors satisfy all of their tax obligations. However, this couldn’t […]
Nonprofits: Tips for Getting Grants
There are thousands of grants and millions of dollars available to nonprofits from the federal government, states, foundations and other sources. Unfortunately, you can’t just ask nicely and expect to […]
6 Tips for Foiling Fake Suppliers in Online Marketplaces
Supply chain issues continue to hurt many U.S. businesses — possibly in more ways than you think. Not only do supply shortages and delays make it difficult for companies to […]
3 Approaches to Valuing a Businesss
Valuing a private business is a complex endeavor. But, when all is said and done, valuation analyses boil down to three general approaches. 1. Market Approach Under this approach, valuators […]
Businesses: Prepare for the Lower 1099-K Filing Threshold
Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required range of income to be […]
HW&Co. Relocates its Lake County Office
We are pleased to announce that HW&Co.’s Lake County office has moved to a new location effective Monday, May 16, 2022. This move was a strategic decision to serve our […]
7 Midyear Tax-reduction Strategies for Manufacturers
As the midpoint of the year fast approaches, it’s a good time for manufacturers to assess their tax status and plan appropriate strategies for reducing their 2022 tax liability. Although […]
Highlights From the Latest ACFE Fraud Report
Preventing, detecting, and investigating occupational fraud requires a deep understanding of the types of schemes, potential financial losses, emerging threats and risk mitigation strategies. To that end, the Association of […]
Inflation Enhances the 2023 Amounts for Health Savings Accounts
The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSA). High inflation rates will result in next year’s amounts being increased more than they have […]
Businesses May Receive Notices About Information Returns that Don’t Match IRS Records
The IRS has begun mailing notices to businesses, financial institutions and other payers that filed information returns with information that doesn’t match the agency’s records. These CP2100 and CP2100A notices […]
Ohio 2022 Sales Tax Holiday
The state of Ohio will have its annual back-to-school sales tax holiday from Friday, August 5th, 2022 at 12:00 am until Sunday, August 7th, 2022 at 11:59 pm. The sales […]
