New Ohio Laws for Pass-Through Entities
Many of our clients are pass-through entities and sole-proprietorships. Ohio tax law has been very generous to these entities over the past several years, but there are now some changes to those laws. Part of the value of a CPA relationship is knowing that we will...A must-watch for all business clients who use QuickBooks!
Reconciling your accounts is so important that Brea’s 13-year-old daughter already has it ingrained in her brain! Take a minute to watch as she guides you through the various reasons all businesses should reconcile their books each month. We are seeing errors when it...
Lean Six Sigma at Your Firm: Extra/Over-Processing
According to Debbie Foster, a partner with Affinity Consulting Group in Tampa, businesses need to implement a policy of Continuous Improvement. This means periodically re-evaluating processes to ensure that they are not extraneous or outdated. Foster says value is...
Are you really in business? Racing enthusiast lacked profit motive for racing business, finds Tax Court
Your hobby or your for-profit business venture? Sometimes it’s hard to differentiate how the government classifies what you are doing. Roger Russell at Accounting Today spells out the nine specific criteria used by the government to evaluate whether your business is...