Ohio 2021 Sales Tax Holiday
The state of Ohio will have its annual, back-to-school sales tax holiday from Friday, August 6th, 2021 at 12:00am until Sunday, August 8th, 2021 at 11:59 pm. The sales tax […]
Category: Articles
Is an LLC the right choice for your small business?
Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to protect your assets. Or maybe you are launching a new […]
How to Work with a Forensic Accountant
Forensic accountants are professionals who have received specialized training to uncover fraud and protect against fraud threats. They’re uniquely qualified to review financial statements and business records and to interview […]
The deductibility of corporate expenses covered by officers or shareholders
Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being nondeductible both by an officer […]
July 1, 2021 Ohio NF Medicaid Rates
The Ohio Department of Medicaid (ODM) has finalized the fiscal year (FY) 2022 Medicaid rates for Ohio nursing facilities (NF) effective 7/1/2021 to 12/31/2021 using the provisions in the biennium […]
HR outsourcing: Considerations for nonprofits
The global market for human resources outsourcing was approximately $32.8 billion in 2020 and is projected to rise to $45.8 billion by 2027, according to market research company Reportlinker. Should your not-for-profit […]
What you can do to prevent fraud in your construction company
Fraud is costly for all victimized companies, but it’s even worse in the construction sector. According to the Association of Certified Fraud Examiners’ Report to the Nations: 2020 Global Study […]
New PRF Single Audit Guidance
PRF Background Our last 2 updates Provider Relief Fund (PRF) Reporting Portal is Now Open and Revised PRF Reporting Requirements including Extended Time to Expend Some Funds provide some important […]
How start-up expenses are handled on your tax return
Entrepreneurs often don’t know that many of the start-up expenses incurred can’t be currently deducted. You should be aware that the way you handle some of your initial expenses can […]
SBA officially drops PPP Loan Necessity Questionnaire requirement
The U.S. Small Business Administration (SBA) has informed lenders that it is eliminating the loan necessity review for Paycheck Protection Program (PPP) loans of $2 million or greater. In a […]
Does Your Nonprofit Owe Tax on its Sponsorships and Advertising?
Your not-for-profit may prefer to avoid activities that subject it to unrelated business income tax (UBIT). But if you accept advertising or sponsorships that aren’t substantially related to your tax-exempt […]
Prevent conflicts of interest from costing your business
Without trust between you and your employees, your business probably wouldn’t be very successful. Delegating responsibility, sharing ideas, working as a team — all require a certain level of trust. […]
