Category Archives: CPA & Business Advisory

The Expansion of the R&D Tax Credit

Posted on Wednesday, February 22, 2017 by

The permanent extension of the R&D credit is a great wake-up call for those in industries ranging from manufacturing, construction and software development to aerospace, high-tech, biopharmaceuticals and others to sit up and take notice of their eligibility to apply for the tax credits.

Also posted in Mailchimp RSS | | Tagged , , , , , , , , | Leave a comment


Foreign Employees? What You Need to Know about Wage Reporting and Withholding Requirements

Posted on Monday, February 20, 2017 by

With nearly 17 percent of the U.S. workforce made up of non-U.S. citizens (i.e, aliens), it’s safe to say that many companies face the struggle of correctly reporting the wages paid to foreign employees.

Also posted in Mailchimp RSS | | Tagged , , , , , , , , | Leave a comment


5 Tax Season Tips for Small Business Owners

Posted on Tuesday, February 14, 2017 by

With tax deadlines quickly approaching, here are 5 tips to help small businesses fully benefit from proactive tax planning.

Also posted in Mailchimp RSS | | Tagged , , , , , , , , , , , , , | Leave a comment


Ohio Gov. Kasich Proposes Tax Law Changes in Budget Bill

Posted on Friday, February 3, 2017 by

Ohio Governor John Kasich is proposing some tax law changes as part of his final two-year state budget. The net effect of all proposed changes is an estimated $39 million tax cut over the two years. Changes would affect sales tax, income tax, cigarette tax, alcohol taxes, and gas and oil tax.

Also posted in Mailchimp RSS | | Tagged , , , , , , , , , , , , | Leave a comment


Research Credit for Internal Use Software

Posted on Thursday, February 2, 2017 by

In some cases, taxpayers that develop software for their own internal use will be able to claim a research credit as long as the software meets a high threshold of innovation test and fits the definition of general and administrative functions.

Also posted in Mailchimp RSS | | Tagged , , , , , , , , , , , , , | Leave a comment


Important Annual Statement Updates

Posted on Tuesday, January 31, 2017 by

Take a look at a summary of some of the more significant changes to the 2016 annual statements that preparers should be aware of.

| Tagged , , , , , , , , , , , , | Leave a comment


U.S. GAAP Disclosure Changes for Short-Duration Contracts

Posted on Monday, January 30, 2017 by

Let’s simplify the Accounting Standards Update 2015-09 with a summary of its key aspects of the disclosures.

| Tagged , , , , , , , , , , , , , , , , , | Leave a comment


Newly Adopted Substantive Revisions to Statutory Accounting Principles

Posted on Saturday, January 28, 2017 by

The National Association of Insurance Commissioners adopted substantive revisions to three statutory accounting principles that insurance companies should keep in mind during the New Year.

| Tagged , , , , , , , , , , , , , , | Leave a comment


Closing the Talent Gap

Posted on Thursday, January 26, 2017 by

Given the continued rise in regulatory requirements and technological transformation, it is a critical time for insurance industry leaders to begin planning for the looming talent gap inside their organizations.

Also posted in Mailchimp RSS | | Tagged , , , , , , , , , , , , , | Leave a comment


Brace for Impact – Killing Quill

Posted on Thursday, January 26, 2017 by

With states aggressively designing and implementing sales and use tax regimes, retailers should prepare for the impact it could have on their business.

Also posted in Mailchimp RSS | | Tagged , , , , , , , , , , , , | Leave a comment


© Copyright 2017 Skoda Minotti | Privacy Policy | Disclaimer | Remote Support
Cleveland 440-449-6800 | Akron 330-668-1100 | Tampa 813-288-8826
Website designed and developed by Skoda Minotti Strategic Marketing