- Our Team
August 25, 2022
The Future of Remote Work
Hybrid or remote work environments are here to stay. When setting up a sustainable workflow and process, consider the following questions: What steps are you taking to ensure that everyone receives the training they need? Are you monitoring your staff’s overall well-being? How are you handling a workforce that includes staff who can work remotely […]
August 25, 2022
The Inflation Reduction Act: What Does It Contain?
On August 12, Congress passed the Inflation Reduction Act, over 700 pages of economic changes. What does the act do? And just as important, what does it not do? To start with the name, the act’s proponents say the new law will fight inflation with deficit reductions — which makes most people ask, “Does it raise my […]
August 4, 2022
Top Cybersecurity Issues For HR
More and more employers are automating their human resources processes. Many also integrate their HR processes with interrelated activities, like time and labor or payroll and benefits. However, the implementation of these technologies has triggered various security risks, including cyberthreats from criminals whose goal is to access confidential data for nefarious purposes. Below are three […]
August 4, 2022
Is This Your Situation: You’re Struggling To Rise Above Competing Recruiters!
As the economy reopens, employees are quitting their jobs in historic numbers to seek new opportunities. Small businesses are bearing the brunt of this reshuffling. In order to attract and keep top talent, they have to prove that they can provide something better or more valuable than what bigger companies are offering. There also are […]
December 15, 2021
Changes to Ohio Municipal Income Tax Withholding Rules
As the 2021 calendar year comes to a close, there are many tax planning items to consider. A local tax item that we want to make sure you remember to re-visit is the change in the Ohio municipal income tax withholding rule that is set to take effect on January 1, 2022. This is especially […]
September 28, 2021
The Employee Retention Credit
A Rare Opportunity for Small Business Owners The passage of the Consolidation Appropriations Act, 2021 has made the Employee Retention Credit (ERC) much more available by allowing PPP borrowers to apply for and receive the credit for the years 2020 and 2021. If you meet ANY of the following tests, you have the potential to […]
December 13, 2020
Have You Heard About The New Form 1099-NEC?
Prior to 2020, nonemployee compensation was reported on 1099-MISC in Box 7. The IRS has now reinstated Form 1099-NEC to report nonemployee compensation separately from other types of income reported on Form 1099-MISC. Some of you may remember this form was last used in the early 1980’s! The new 1099-NEC impacts many businesses, with filers […]
December 7, 2020
Payroll Protection Program Loan Forgiveness and Tax Implications You May Not Have Considered
Late into calendar year of 2020, one that none of us will soon forget, the IRS issued additional guidance on the deductibility of expenses paid with proceeds from PPP loans. Under Revenue Ruling 2020-27 the IRS states that expenses covered by PPP loan proceeds, whether paid or incurred, are not deductible if the taxpayer reasonably expects […]
December 30, 2019
The TCJA limit on interest expense deductions
Does it affect your business? The Tax Cuts and Jobs Act (TCJA) introduced a variety of tax benefits for businesses. Among other things, it slashed corporate income tax rates, temporarily reduced individual rates and established a new 20% deduction for certain pass-through income. At the same time, the act placed limits on several tax breaks, […]
December 27, 2019
Is Someone Stealing from my Business?
– Reasons to Outsource Accounting – A 2018 survey conducted by the Association of Certified Fraud Examiners found that internal control weaknesses were responsible for nearly half of frauds. Small organizations (less than 100 employees) experienced the greatest percentage of fraud and suffered the largest median loss when compared to larger organizations. This could be due to […]