Hire your children this summer: Everyone wins By: David M. Reape If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save […]
How to spot influencer fraud By: Anthony LaNasa To increase brand awareness and influence consumer behavior, businesses of all sizes spend vast amounts on social media marketing. Social media “influencers” can help companies reach and engage customers. But […]
Tax Planning Opportunity for Small Manufacturers By: Don May The TCJA provides small manufacturers exemptions from the use of full absorption method of inventory costing (§471) and uniform capitalization (§263A). A small manufacturer is any manufacturer with average annual […]
Consider a Roth 401(k) plan — and make sure employees use it By: David M. Reape Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America […]
Developing a fundraising plan that works By: Helen Weeber A not-for-profit can have many strengths — a prominent board of directors, dedicated volunteers, committed staff members and effective programs — and still struggle to meet fundraising goals. Often, such […]
What type of expenses can’t be written off by your business? By: David M. Reape If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state […]
Northeast Ohio nursing homes are diversifying to stay afloat Information compiled by HW&Co. was recently used in a Crain’s article about skilled nursing facilities. “Nursing homes across the country are having to diversify their services and get innovative as […]
Dissecting the role of the forensic accountant in litigation By: Anthony LaNasa When people hear the term “forensic science,” they usually think “CSI.” What comes to mind when you hear the term “forensic accounting”? Similar to forensic scientists offering opinions about scientific […]
APRIL 2019 FIVE-STAR RATINGS DECREASE FOR 37% OF NURSING FACILITIES By: Paula Reape CPA LNHA The Five-Star Quality Rating system for nursing facilities (NF) was created to help consumers and families more easily compare nursing homes and identify high and low performing facilities. Facilities are […]
Employee vs. independent contractor: How should you handle worker classification? By: David M. Reape Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the […]
How entrepreneurs must treat expenses on their tax returns By: David M. Reape Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open […]
Nonprofit board retreats: The pause that refreshes By: Helen Weeber If your not-for-profit’s board is like most, its members lead busy lives. They may not get to every board meeting or perhaps they’re able to attend meetings only via teleconference. […]