• Recent Posts

    • Marc Wambaugh
      Mar 21, 2018 | Marc Wambaugh

      Should You Establish a Donor-Advised Fund?

      Many taxpayers around the country have given to charity for years and the tax deduction associated with those donations was an added bonus.  However, with the sweeping new tax law changes that took effect in January 2018, some taxpayers may no longer receive a tax benefit for donations.  The new s…

    • John Eberhart
      Mar 21, 2018 | John Eberhart

      Combining Liquidity and Efficiency Metrics: Cash C...

      How long does it take your company to convert raw materials to cash collected from customers? The cash conversion cycle is a financial metric that answers this critical question. Here’s a closer look into how it’s calculated and what it means.
      Liquidity vs. Turnover
      Liquidity ratios tell wheth…

    • Brian Stautberg
      Mar 15, 2018 | Brian Stautberg

      Tax Cuts and Jobs Act Impact on Retirement Plans a...

      The Tax Cuts and Jobs Act modifies several provisions related to retirement plans and IRAs. These include:

      the repeal of the special rule permitting recharacterization of Roth IRA conversions,
      an increase in the period during which a qualified plan loan offset amount may be rolled over,

    • Brian Stautberg
      Mar 12, 2018 | Brian Stautberg

      Changes to Alternative Minimum Tax for Individuals

      The Tax Cuts and Jobs Act temporarily increases the alternative minimum tax (AMT) exemption amounts for individuals for tax years 2018 through 2026 and significantly increases the point at which the exemption begins to phase out. The AMT system was originally enacted to ensure that all taxpayers, pa…

    • Brian Stautberg
      Mar 08, 2018 | Brian Stautberg

      Impact of the Tax Cuts and Jobs Act on Homeowners

      Traditionally, tax law provides numerous incentives for home ownership by allowing the deduction for mortgage interest and real estate tax. The Tax Cuts and Jobs Act modifies these popular tax benefits as explained below.

      Mortgage Interest

      Home mortgage interest is generally deductible if it i…

    • Brian Stautberg
      Mar 05, 2018 | Brian Stautberg

      Estate, Gift, and GST Tax Exclusions Increased

      The Tax Cuts and Jobs Act doubles the basic exclusion amount for federal estate and gift taxes and the exemption amount for the generation-skipping transfer (GST) tax. For the estates of decedents dying and gifts made after 2017 and before 2026, the amount increases from $5 million to $10 million, a…

    • Brian Stautberg
      Mar 01, 2018 | Brian Stautberg

      New Favorable Tax Depreciation Provisions

      The Tax Cuts and Jobs Act modifies provisions related to depreciation and expensing of fixed assets. These changes extend and modify the additional first-year depreciation deduction through 2026 (through 2027 for longer production period property and certain aircraft), increase the Code Sec. 179 dol…

    • Brian Stautberg
      Feb 27, 2018 | Brian Stautberg

      Impact of Tax Cut and Jobs Act on Families

      The Tax Cuts and Jobs Act made sweeping tax changes that impact virtually all taxpayers. For individual taxpayers and their families, changes include a decrease in the tax rates, repeal of the personal exemption, increase in the standard deduction, modification to itemized deductions, and doubling o…

    • Brian Stautberg
      Feb 22, 2018 | Brian Stautberg

      Corporate Tax Changes

      The recently enacted Tax Cuts and Jobs Act calls for a 21-percent corporate tax rate beginning in 2018. The maximum corporate tax rate previously topped out at 35 percent. In addition, the 80-percent and 70-percent dividends-received deductions under previous law were reduced to 65 percent and 50 pe…

    • Brian Stautberg
      Feb 19, 2018 | Brian Stautberg

      Favorable New Tax Rules for Pass-Throughs

      Prior to the recently enacted Tax Cuts and Jobs Act, owners of partnerships, S corporations, and sole proprietorships – “pass-through” entities – paid tax at the individual rates, with the highest rate at 39.6 percent for 2017 and prior. The highest rate is reduced to 37 percent under the Ta…

    • John Eberhart
      Feb 16, 2018 | John Eberhart

      7 Tactics for Boosting Your Bottom Line

      Business owners and executives have two levers to choose from in attempting to boost their bottom lines: increasing sales or decreasing expenses. Whether they decide to pull either one of these — or both — management needs to have a handle on the current sales breakdown between product lines and…

    • Nathan Oswald
      Feb 16, 2018 | Nathan Oswald

      Solving the Mystery of the Phantom Employee

      Do you have ghosts on your payroll? Thousands of dollars to bogus salary and bonus expenses are lost each year because ghosts exist on the payroll of many companies. Here’s how phantom employee frauds work, including the warning signs and tips to help “exorcise” these scams from your payroll r…

    • Mat Whited
      Jan 23, 2018 | Mat Whited

      The Impact of the 20% Qualified Business Income De...

      On December 22, 2017, the President signed into law the Tax Cut and Jobs Act.  Since the law has been passed, much has been discussed of the changes to the structure of the individual itemized deductions and changes to the corporate tax rates.  One area that has not been subject to much press as o…

    • Lydia Ritze
      Jan 23, 2018 | Lydia Ritze

      Are you ready for revenue recognition?

      As the effective date of the Financial Accounting Standards Board’s new revenue recognition standard approaches, there’s increasing pressure on companies to assess their customer arrangements and implement the new guidance. For private companies and not-for-profit organizations, the new standard…

    • Tricia Austing
      Dec 15, 2017 | Tricia Austing

      Year-end Tax Planning

      The holiday season can be a hectic time and for some, the last thing they want to worry about is tax planning.  However, now is the time to discuss tax-saving strategies and opportunities.  Given the pending tax reform, year-end tax planning is more important now than ever!  When it comes to tax…

    • Brian Stautberg
      Dec 15, 2017 | Brian Stautberg

      Tax Reform is Upon Us

      Tax reform is upon us.  With the House and Senate having passed their respective bills in November, they appear ready to emerge with a final version to be voted on by both houses with a goal of having it for the President to sign by the holiday recess.  While the House and Senate version did share…

    • Mat Whited
      Nov 14, 2017 | Mat Whited

      Identity Theft: Stay Diligent Against this Growing...

      Identity theft has increased exponentially over the past few years, and is widely considered the fastest growing crime, highlighted recently by breaches at Experian and Target.  A 2017 Identity Fraud Study, by Javelin Strategy & Research, found that 15.4 million Americans had approximately $16…

    • Nathan Oswald
      Nov 14, 2017 | Nathan Oswald

      Understanding Financial Misstatement

      The least common type of fraud can also be the costliest.

      When a dishonest employee cooks the books, it can be devastating for the victim organization. In addition to direct financial losses, financial statement frauds erode trust between management and other stakeholders, including lenders, inve…

    • Brad Schueler
      Sep 26, 2017 | Brad Schueler

      Ohio Increases Deduction for 529 College Savings A...

      Relevant to many of our clients and their loved ones are the rapidly increasing costs of college education in our country.  Corresponding to this has been an ever increasing amount of debt being taken to fund postsecondary education.  Many turn to the tax-free growth opportunities offered within a…

    • Janie Evans
      Sep 26, 2017 | Janie Evans

      IRS Issues Proposed Regulations on Partnership Aud...

      Buried in a budget bill in late 2015 lay a repeal of the current rules governing partnership audits and replacing them with a new centralized partnership audit regime that, in general, assesses and collects tax at the partnership level.  The IRS was tasked with issuing regulations for the implement…