Do You Have a Fraud Disaster Plan?
Your business likely has a disaster plan for emergencies like fires, natural disasters, or terrorist attacks that could disrupt operations and endanger lives. While a fraud contingency plan might […]
Category: Private Business Advisory
Addressing Workers’ Comp Fraud
Workers’ compensation insurance offers essential medical care and financial support to employees injured or incapacitated at work. Unfortunately, this benefit is sometimes exploited by dishonest individuals. According to the Coalition […]
Taxes on Real Estate Gains
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect real estate […]
Alert: Does BOI Reporting Apply to Your Business?
This is a reminder that your business may be required to comply with new beneficial ownership information (BOI) reporting rules that took effect in 2024. Who needs to be aware […]
Tax Responsibilities When Closing a Business
While many facets of the economy have improved this year, many factors have caused businesses to close their doors. If this is your situation, we can help you, including taking […]
Do You Need a Buy-Sell Agreement?
Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a buy-sell agreement. A well-drafted […]
Business Valuation Effect on Estate Planning
Summer is a great time for business owners to review their estate plans. Maybe your kids are home for summer break, so they’re top of mind. Or perhaps you’re vacationing […]
The Tax Consequences of Selling Business Property
You need to be aware of the tax implications of selling property used in your trade or business. Many complex rules can potentially apply. To simplify this discussion, let’s assume […]
Reminder: Upcoming QuickBooks Desktop Changes
As a reminder, Intuit announced late last year that it is making significant updates aimed at enhancing user experience, streamlining workflows, and integrating cutting-edge technologies. Importantly, as a result of […]
Ohio Expands Sales Tax Holiday
Ohio’s 2024 Sales Tax Holiday will run from midnight Tuesday, July 30, to 11:59 p.m. Thursday, August 8, an expansion from previous years. The Ohio General Assembly and Governor DeWine extended Ohio’s Sales Tax […]
BOI Reporting Update & SCAM Alert!
Most small businesses in the US must now report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCen), or face noncompliance penalties. Those who have an ownership […]
Ohio Homebuyer Plus Program Helps Ohioans Achieve Dream of Home Ownership
On Jan. 9, Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and Treasurer Robert Sprague officially launched the Ohio Homebuyer Plus program, a new savings account plan aimed at promoting […]
