Service Industry

June 20 , 2018 | Posted by Jay Rueger |

Tax Reform and the Service Industry

As we approach the halfway point of the 2018 calendar year, taxpayers are fully aware that in December of 2017, President Trump signed into law P.L. 115-97, known as The Tax Cuts and Jobs Act (TCJA).  This piece of legislation provides for the largest change to United States tax law since 1986.  The TCJA contains…

February 16 , 2017 | Posted by Karen Keller |

Simplified Accounting for Goodwill as Early as 2017

The FASB recently issued ASU 2017-04, Intangibles – Goodwill and Other: Simplifying the Test for Goodwill Impairment (ASU 2017-04), which simplifies the accounting rules used by publicly traded companies for measuring goodwill impairment.  Under existing rules, the measurement of goodwill impairment involves a two-step process.  Step 1 entails comparing the fair value of an entity’s…

July 7 , 2015 | Posted by John Eberhart |

DOL Releases Study on Employee Benefit Plan Audit Deficiencies

In May 2015, the U.S. Department of Labor (DOL), Office of the Chief Accountant and Employee Benefits Security Administration (EBSA) completed a study of the quality of audit work performed by independent qualified public accountants with respect to audits of employee benefit plans (EBPs) covered under the Employee Retirement Income Security Act of 1974 (ERISA).

July 29 , 2014 | Posted by John Eberhart |

Cash Flow 101 – What You Need to Know About Business Cash Flow

As business owners, we all know it’s true: Cash is king….without it, your business couldn’t survive.! You need cash to operate and grow your business. How else will you ensure you’re able to purchase supplies, pay your rent, advertise, hire employees or take care of the myriad other business activities that require cash and cash…

July 25 , 2014 | Posted by Brian Stautberg |

Ohio Passes Budget Providing Additional Tax Relief

In late June, Governor Kasich approved House Bill 483 that includes additional tax reductions to build on tax cuts already enacted in previous years. These cuts, emerging from the governor’s Mid-Biennium Review, were possible because of Ohio’s improving economy which is generating stronger than expected state revenue. Those revenues, along with greater efficiencies enacted to…

January 21 , 2014 | Posted by John Eberhart |

4 Branding Lessons for Business Owners

Want to learn the secrets of building a stronger brand? Gabrielle Karol covered the Interbrand 2013 report and summarized four essential tactics that small and mid-sized businesses can learn from the world’s strongest brands.

Apple just took a bite out of Coca-Cola’s 13-year standing as the most valuable brand in the world, according to Interbrand’s…