Many Factors are Involved When Choosing a Business Entity
Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for you — a C […]
Category: Articles
IRS Announces Increase to 401(k) Plan Limits for 2022
The IRS announced on November 4th that employee 401(k) contributions for 2022 will rise to $20,500 from $19,500. Additionally, plan participants who are 50 or older can contribute an extra […]
USDA’s Pandemic Response and Safety Grant Program
The U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS) developed a Pandemic Response and Safety (PRS) Grant Program that awards supplemental funding to agribusinesses for purposes of providing COVID-19 […]
Your Board Can’t Do Its Job Without Information From You
If your not-for-profit’s board members don’t have the information they need to make decisions, the repercussions can be severe. Time can be wasted, voting may be delayed and your organization […]
Fraud Lurks Case Study: Expense Reports – On Steroids!
This is the fourth in a series of case studies of frauds/defalcations which I personally investigated. This month’s case study is entitled “Expense reports on steroids.” This fraud differs from […]
Life in the Information Age: It’s OK to “Google” – But Then Give Us a Call
Our clients rely on us to inform and educate them about business and financial management issues. We value our role as trusted advisors, and we constantly educate ourselves about changes […]
Typosquatters Are Leading Innocent Victims Astray
Typosquatting takes advantage of an inclination among internet users known as “fat fingers” — a tendency to hit the wrong keys and enter misspelled trademarks or brands. Like phishing, typosquatting […]
Tax Planning Tips for Year-End 2021
We’re encouraging our clients to plan for Tax Year 2021 (January 1, 2021 – December 31, 2021). April 15, 2022 will be the tax deadline for 2021 tax returns. Tax […]
Would You Like to Establish a Health Savings Account for Your Small Business?
With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, […]
The Shealy Group Joins HW&Co.
Cleveland, Ohio (October 31, 2021) – HW&Co., a regional CPA and advisory firm with offices in Cleveland, Columbus and Mentor, Ohio has successfully merged in The Shealy Group, based in […]
Donation Return: When Nonprofits Should Refund Donations
Return requests generally are rare, but occasionally donors may ask your not-for-profit to return their gifts. Are you required to comply? What if you’ve already spent the money? Such requests […]
How to Comply With New Financial Crime Regulation: CTA
Earlier this year, the Corporate Transparency Act (CTA) became the latest law intended to foil financial crime. This law is part of the National Defense Authorization Act and requires certain […]
