Insights
Insight and analysis from the Pease Bell team — on tax, audit, accounting, and the industries we serve.
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5 ways to cut costs and improve cash flow
When business owners start to feel the choking effect of a slow cash flow, they often blame their customers. “Why aren’t we getting paid…
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Is it time to get accountable with your employees expenses?
Many companies start out using the “per diem” approach when reimbursing employees for lodging, meals, and incidental expenses. Doing so involves the use of…
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Why investing in small business stock may make more tax sense than ever
BY PURCHASING STOCK IN CERTAIN SMALL BUSINESSES, YOU CAN NOT ONLY DIVERSIFY YOUR PORTFOLIO BUT ALSO ENJOY PREFERENTIAL TAX TREATMENT. AND UNDER A PROVISION…
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Extension means businesses can take bonus depreciation on their 2015 returns
BONUS DEPRECIATION ALLOWS BUSINESSES TO RECOVER THE COSTS OF DEPRECIABLE PROPERTY MORE QUICKLY BY CLAIMING ADDITIONAL FIRST-YEAR DEPRECIATION FOR QUALIFIED ASSETS. THE PROTECTING AMERICANS…
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Changes to ohio small business deduction and personal income tax rates
Article by ‘Lizabeth DiSiena’ Starting with the 2015 tax year, favorable changes have been made to income taxes on sole proprietorships and pass-through entities.…
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Prepare for major changes to federal rules on employee pay and benefits
One of your most dreaded tasks is probably managing human resources (HR). The rules are ever-changing and becoming increasingly complex. Here are two major…
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Does your business have a valid buy sell agreement in place?
Owners of manufacturing and distribution companies are often so focused on the here and now that planning for future catastrophes may fall through the…
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Could you save more by deducting state and local sales taxes
For the last several years, taxpayers have been allowed to take an itemized deduction for state and local sales taxes in lieu of state…
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Extended tax credits for businesses
The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) extended a wide variety of tax breaks, in some cases making them permanent.…