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  • Recent Posts

    • 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…

    • John Eberhart
      Sep 26, 2017 | John Eberhart

      Why you should — or shouldn’t — pursue an ac...

      Like so many aspects of the national and global economies, merger and acquisition (M&A) activity tends to wax and wane. Nonetheless, billions of dollars continue to change hands annually, and an acquisition can be a great way to grow a business. So if one of these deals comes your way, it’s im…

    • Mike Clark
    • Karen Keller
      Jul 17, 2017 | Karen Keller

      Use Management Letters to Improve Your Business

      Audited financial statements typically come with a surprise bonus that you might not be aware of: the management letter. Take a few minutes to review this letter. It generally contains advice on ways to make your business more efficient and profitable — and less risky.

      What’s required

      Auditin…

    • Gail Waham
      Jul 17, 2017 | Gail Waham

      Recently Approved Ohio Budget Brings Numerous Chan...

      On June 30, 2017, Gov. John Kasich signed Ohio H.B 49 (the 2018-19 Ohio budget) into law.  This Bill includes a number of tax provisions, some of which are highlighted below.

      Personal Income Tax

      Exclusion of 100% of business income up to $250,000 with the excess taxed at a flat 3% remains in ef…

    • Nathan Oswald
      Jun 16, 2017 | Nathan Oswald

      Spotlight on Fraud in the Manufacturing Industry

      The Association of Certified Fraud Examiners (ACFE) has published its 2016 Report to the Nations on Occupational Fraud and Abuse. The latest biennial study breaks down white collar crimes by industry, highlighting the common scams that manufacturers need to watch for and ways for them to minimize po…

    • John Eberhart
      Jun 16, 2017 | John Eberhart

      Reviewing Your Company’s Buy-Sell Agreement

      If you own a business and follow professional advice, you’ve likely established a buy-sell agreement in case you or a co-owner voluntarily or involuntarily leaves the company. Assuming this is true, remember that it’s not enough to draft an agreement and put it in a safe place. You need to revie…

    • Andrew Green
      Apr 25, 2017 | Andrew Green

      Social Media Analytics Take Center Stage

      Abstract:   As online activities and communities have become an integral part of many people’s lives, attorneys have clamored for a way to get a handle on the massive amounts of data on social media platforms like Twitter and Facebook, among others. This article explains how experts in social me…

    • David Cassady
      Apr 25, 2017 | David Cassady

      Today is Tuesday, I Don’t Have Time to Think...

      ESTATE PLANNING.  I cannot begin to tell you how many times I hear this.  But then again, I also hear – “I need to save taxes, what can I do?”  Or, I also hear, “I do not have to do estate planning because President Trump is going to eliminate estate taxes”.

      For our Emerging and Establ…

    • Brian Stautberg
      Mar 21, 2017 | Brian Stautberg

      Tax Records: What to Keep & How Long

      What records do I really need to keep?

      With the 2017 tax filing season in full swing, we frequently are asked this question.  The IRS recommends that taxpayers keep all sales slips, invoices, receipts, canceled checks or financial account statements, stock brokerage statements, Forms W-2 and 1099,…

    • Lydia Ritze
      Mar 21, 2017 | Lydia Ritze

      Shift in Lease Accounting Could Cause Headaches

      Almost every manufacturer leases equipment or real estate. For decades, companies were not required to report many lease-related assets and liabilities on their balance sheet. That is all about to change under a controversial new lease accounting standard that was issued in early 2016.

      Shifting the…

    • Karen Keller
      Feb 16, 2017 | Karen Keller

      Simplified Accounting for Goodwill as Early as 201...

      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 impairm…

    • Nathan Oswald
      Feb 16, 2017 | Nathan Oswald

      Sweat the Small Stuff

      How to detect and prevent expense reimbursement fraud

      Companies often overlook expense reimbursement fraud because of the relatively small amounts involved. But these amounts can add up quickly, particularly if employees believe that management is “looking the other way.” They can also be a way…

    • Bryan Setz
      Jan 27, 2017 | Bryan Setz

      New Identity Theft  Security Measures for 2017

      In a constant battle against savvy internet identity theft schemes, the IRS and state tax agencies have taken various steps to protect taxpayers from fraud and scams.  Since enhancements have been made to enable electronic filing of individual tax returns on the internet, as well as online shopping…

    • Janie Evans
      Jan 19, 2017 | Janie Evans

      IRS Issues New Regs on Allocating Debt to Partners...

      The IRS released new temporary and final Section 752 regulations on October 5, 2016. Sec. 752 of the Internal Revenue Code and related regulations explain how to allocate partnership debt among partners for purposes of calculating the basis of their partnership interests, which determines their bas…

    • Brian Stautberg
      Dec 01, 2016 | Brian Stautberg

      Tax Planning Guide

      Tax Planning Guide

    • John Eberhart
      Nov 15, 2016 | John Eberhart

      Accounts Receivable Management – How Manufacture...

      Abstract:   Accounts receivable is often one of the biggest assets on a manufacturer’s balance sheet. But the faster a company is able to convert receivables to cash, the sooner it’s able to pay suppliers, employees and lenders — and the less likely it will be to draw on its line of credit t…