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    • Cassady Schiller CPAs & Advisors
      Apr 03, 2020 | Cassady Schiller CPAs & Advisors

      Treasury Department Issues Further Guidance Relate...

      Dear Clients and Friends,

      As we previously communicated, the Treasury Department released some guidance (PPP Guidance) related to the Payroll Protection Program (PPP) on Tuesday, March 31.  As part of the release, it communicated that the application process would open today and that it would be…

    • Cassady Schiller CPAs & Advisors
      Mar 31, 2020 | Cassady Schiller CPAs & Advisors

      Treasury Department Releases New Information and G...

      This afternoon, the Treasury Department released new information and guidance surrounding the Paycheck Protection Program. The application window for most companies will now open this Friday, April 3rd. The four documents below were provided on the Treasury Department’s website:

      A prog…

    • Cassady Schiller CPAs & Advisors
      Mar 31, 2020 | Cassady Schiller CPAs & Advisors

      Coronavirus Emergency Loans – Small Business...

      To remain committed to keeping you informed during this uncertain time, we are providing this document (Coronavirus Emergency Loans Small Business Guide and Checklist) prepared by the U.S. Chamber of Commerce.

    • Cassady Schiller CPAs & Advisors
      Mar 30, 2020 | Cassady Schiller CPAs & Advisors

      Dear Clients and Friends,

      This is a follow-up to our publication from last Friday related to the latest economic stimulus package, the CARES Act, which was passed into law in response to the COVID-19 pandemic.  The SBA has been tasked with leading the charge to get businesses the cash they need…

    • Cassady Schiller CPAs & Advisors
      Mar 27, 2020 | Cassady Schiller CPAs & Advisors

      SENATE PASSES Coronavirus Aid, Relief, and Economi...

      We are all adjusting to a changing economic environment in the midst of the COVID-19 Pandemic.  While our personal lives and work environments have been changing by the hour, we have been anticipating federal stimulus action for what seems like a delayed period of time.

    • Cassady Schiller CPAs & Advisors
      Mar 23, 2020 | Cassady Schiller CPAs & Advisors

      Our physical office is closed to visitors, but we...

      In light of Governor DeWine’s recent announcement, we will be altering our office operations through April 6.  We will continue to remain operational and available to you, but will do so completely remote.  We ask that you please send information electronically (preferred method) or via the post…

    • Cassady Schiller CPAs & Advisors
      Mar 23, 2020 | Cassady Schiller CPAs & Advisors

      New return due date and tax payment deadlines for...

      On Friday morning, Secretary Mnuchin indicated in a tweet and in a speech that the filing deadline was being moved.  Friday evening the Treasury released Notice 2020-18, providing the details.  Not only did the notice provide for a movement of the due date, but it superseded Notice 2020-17, which…

    • Cassady Schiller CPAs & Advisors
      Mar 20, 2020 | Cassady Schiller CPAs & Advisors

      What you need to know about the Families First Cor...

      President Trump has signed into law the Families First Coronavirus Response Act. Among other things, the new law temporarily requires certain employers to provide expanded paid sick and family leave for employees affected by the coronavirus (COVID-19) pandemic. Employers’ increased costs will be o…

    • Cassady Schiller CPAs & Advisors
      Mar 20, 2020 | Cassady Schiller CPAs & Advisors

      New return due date and tax payment deadlines for...

      While the Treasury had previously announced a deferral of payment for non-corporate taxpayers owing less than $1 million and corporations owing less than $10 million, no relief from filing a return or extension was part of that original announcement.  Today comes word that the administrative burden…

    • Cassady Schiller CPAs & Advisors
      Mar 19, 2020 | Cassady Schiller CPAs & Advisors

      Important Information Regarding Tax Deadlines

      On March 18th the Treasury Department provided additional guidance relative to the extension of the April 15 deadline for tax payments for many individuals, trusts and businesses by 90 days.  Here are a few of the key points covered in the announcement:

      Although the filing deadline for federal…

    • Cassady Schiller CPAs & Advisors
      Mar 17, 2020 | Cassady Schiller CPAs & Advisors

      Cassady Schiller Updated Office Hours

      We continue to monitor information related to COVID-19. For the health and well-being of our team members and clients, we will be reducing our office hours to 9:00a – 4:00p. As we previously communicated, we have encouraged the majority of our team members to work remotely. If you find it necessary…

    • Cassady Schiller CPAs & Advisors
      Feb 20, 2020 | Cassady Schiller CPAs & Advisors

      How to Make the Most of Your Multigenerational Wor...

      Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of Generation X to Millennials to the newest group, Generation Z.
      Managing a workforce with a wide age range requires flexibility and skill. If you’re successful, you…

    • Cassady Schiller CPAs & Advisors
      Feb 20, 2020 | Cassady Schiller CPAs & Advisors

      FAQs about Audit Confirmations

      Auditors use various procedures to verify the amounts reported on your financial statements. In addition to reviewing original source documents and comparing trends from prior years, they may reach out to third parties — such as customers and lenders — to confirm that outstanding balances and es…

    • Cassady Schiller CPAs & Advisors
      Feb 19, 2020 | Cassady Schiller CPAs & Advisors

      Four Key Traits to Look for when Hiring a CFO

      Finding the right person to head up your company’s finance and accounting department can be challenging in today’s tight labor market. While it may be tempting to simply promote an existing employee, external candidates may offer fresh ideas and skills that take your financial reporting to the n…

    • Cassady Schiller CPAs & Advisors
      Feb 18, 2020 | Cassady Schiller CPAs & Advisors

      Reporting Contingent Liabilities

      Contingent liabilities reflect amounts that your business might owe if a specific “triggering” event happens in the future. Sometimes companies are unclear when they’re required to report a contingent liability on their financial statements under U.S. Generally Accepted Accounting Principles (…

    • Cassady Schiller CPAs & Advisors
      Feb 17, 2020 | Cassady Schiller CPAs & Advisors

      Accounting for Indirect Job Costs the Right Way

      Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing. Full cost allocations are essential to gauging whether you’re making money on each job. But some companies simply lump indirect job costs i…

    • Cassady Schiller CPAs & Advisors
      Feb 15, 2020 | Cassady Schiller CPAs & Advisors

      The Tax Aspects of Selling Mutual Fund Shares

      Perhaps you’re an investor in mutual funds or you’re interested in putting some money into them. You’re not alone. The Investment Company Institute estimates that 56.2 million households owned mutual funds in mid-2017. But despite their popularity, the tax rules involved in selling mutual fund…

    • Cassady Schiller CPAs & Advisors
      Feb 14, 2020 | Cassady Schiller CPAs & Advisors

      Do You want to go into Business for Yourself?

      Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity.
      1. You may qualify for the pass-through deduction. To the extent your business generates qualified business income, you are eligible to claim the 20…

    • Cassady Schiller CPAs & Advisors
      Feb 14, 2020 | Cassady Schiller CPAs & Advisors

      Do you want to go into Business for Yourself?

      Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity.
      1. You may qualify for the pass-through deduction. To the extent your business generates qualified business income, you are eligible to claim the 20…

    • Cassady Schiller CPAs & Advisors
      Feb 13, 2020 | Cassady Schiller CPAs & Advisors

      The SECURE Act Likely to Affect your Retirement an...

      In late 2019, the first substantial legislation related to retirement savings since 2006 became law. The Setting Every Community Up for Retirement Enhancement (SECURE) Act brings numerous changes to the retirement and estate planning landscape, and some of them should prompt careful review of your e…