Front Page Blog

October 30 , 2019 | Posted by Emilie Schwarz |

Recessions: Breaking Down the Buzz

If you’ve listened to the news the past two years, you may have heard speculation on when the next recession will be. Commentators are looking for signs as to when the recession will start and making predictions for how it will impact the markets. Since recessions are notoriously hard to forecast, that means a lot…

October 30 , 2019 | Posted by Brian Stautberg |

Accelerate Depreciation Deductions with a Cost Segregation Study

Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. And under current law, the potential benefits of a…

October 30 , 2019 | Posted by John Eberhart |

Normalization Adjustments are Essential in Valuation

Fine-tuning financial statements helps a business valuation expert compare the subject company’s performance to the financial performance of similar public or private companies. In turn, normalization is critical when gauging risk, estimating future earnings, quantifying valuation discounts and selecting guideline comparables to use in the market approach.

Types of adjustments

Normalization adjustments generally fall into…

November 14 , 2018 | Posted by Brien Dulle |

Postcard 1040? Maybe Next Time

We’ve all heard about the sweeping tax changes that have come with the Tax Cuts and Jobs Act. While planning to take the most advantage of the new law is by far the most important aspect of the law, all of these changes will also bring a change to reporting and a new look to…

November 14 , 2018 | Posted by Karen Keller |

Compilation, Review or Audit: Select the Right Level of Assurance

The term “assurance” refers to how much confidence lenders and other stakeholders have that a company’s financial statements will be reliable, informative and in conformity with U.S. Generally Accepted Accounting Principles (GAAP) or another financial reporting framework. Higher levels of assurance require more in-depth procedures performed by the CPA when evaluating a company’s financial statements.…

October 17 , 2018 | Posted by Lydia Ritze |

Independent or employed – Understanding the ins and outs of employee classification

With the rise of independent contractors in the new, shared economy, distinctions between employees and contractors are increasingly blurred. The tax implications of misclassification can be significant, and the IRS, the U.S. Department of Labor (DOL) and even some states are weighing in on employee classification. Here’s a look at the issues.

Tax advantages

Businesses…

October 17 , 2018 | Posted by Nathan Oswald |

Cash is King – Even in Fraud Schemes

It’s probably no surprise that cash is the most popular target of fraudsters — after all, once stolen, cash itself is virtually untraceable. But that doesn’t mean forensic experts can’t unearth cash fraud schemes and the perpetrators behind them.

Identifying Cash Traps

How do thieves get their hands on your cash? According to the Association…

September 13 , 2018 | Posted by Karen Keller |

DOL has Increased Scrutiny of Defined Benefit Plans

Sponsors of defined benefit plans — commonly known as pensions — might be facing tighter scrutiny from the U.S. Department of Labor. Just last year, at an ERISA Advisory Council meeting, the agency’s Employee Benefits Security Administration (EBSA) announced that it had ramped up pension audit operations in its Philadelphia office and later decided to…

Business Tips for Back-to-School Time

Late summer and early fall, when so many families have members returning to educational facilities of all shapes and sizes, is also a good time for businesses to creatively step up their business development efforts, whether it’s launching new marketing initiatives, developing future employees or simply generating goodwill in the community. Here are a few…