Category Archives: CPA & Business Advisory

How Well Did the Manufacturing Sector Fare in 2016?

Posted on Friday, January 20, 2017 by

The economy as a whole closed the 2016 year on a high note with the Dow Jones Industrial Average nearly hitting the 20,000 mark. But how did the manufacturing sector in particular fare during this past year?

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The Renaissance of Insurance

Posted on Thursday, January 19, 2017 by

Today is the dawn of a new era in the realm of insurance. Innovative members of the insurance community are transforming the methods by which they offer insurance and new ways to diversify their investment portfolio.

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Every Company Can Benefit from Flowcharts

Posted on Wednesday, January 18, 2017 by

Imagine a company that is running without documented processes in place. Even someone who is not an internal audit expert would think that would raise some red flags. What about companies that have outdated documented processes, or documentation with a sub-par level of detail? Shouldn’t that also raise red flags?

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How to Make ESOPs Work for Your Business

Posted on Tuesday, January 17, 2017 by

In an article published recently on the Business Journals network, Mike Ella, CPA, CA, sheds light on ESOPs and gives business owners valuable information to help guide their decisions.

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Top 3 Year-end Tax Planning Ideas for Startups

Posted on Wednesday, January 11, 2017 by

With 2016 now in the rear-view mirror, the ever-stressful season of your 2016 year-end taxes is right around the corner. To help alleviate some stress, here are our top three tax planning ideas to help you save on your 2016 taxes:

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New Legislation Changes – City of Akron Contractor Registration Requirements

Posted on Monday, January 9, 2017 by

Akron City Council has passed legislation to change the city’s contractor registration requirements. These additions to the Code of Ordinances are effective February 1, 2017.

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IRS Extends Deadline for “Micro-Captive” Reporting

Posted on Monday, January 9, 2017 by

The IRS has extended the deadline for micro-captive reporting to May 1, 2017.

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2016 Loss Reserve and Salvage Discount Factors

Posted on Friday, January 6, 2017 by

For the 2016 tax year, property and casualty insurance companies should use the following revenue procedures, released by the IRS in computing discounted unpaid losses and loss adjustment expenses (LAE) and salvage and subrogation:

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Smaller Employers Can Now Offer Pre-Tax Medical Reimbursement Programs

Posted on Wednesday, December 21, 2016 by

On December 13, 2016, President Obama signed the “21st Century Cures Act” which could impact employers who are not subject to the Affordable Care Act (ACA) because they have fewer than 50 full-time equivalent employees.

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Construction Company Valuation – Don’t Forget the Assets!

Posted on Tuesday, December 13, 2016 by

If you are the owner of a construction company, you probably do not need a balance sheet to tell you that your company owns significant assets. Yet somehow, when it comes to valuing your business, assets are often marginalized or forgotten altogether. Why is that?

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