Nonprofit Organization Tax Filings: Building the Accounting System to Capture the Right Information
It is not uncommon to see Section 501(c)(3) nonprofit organizations, especially smaller 501(c)(3) nonprofits, not have in place the elements needed within their accounting systems to track various items needed to comply with their tax
Environmental, Social and Governance (ESG) Advisory
In his annual “Letter to CEOs”, Larry Fink, Chairman and CEO of BlackRock, declared that consideration of climate risk is sparking a fundamental reallocation of capital and called on all companies in which BlackRock invests
Latest Guidance on the Single Audit Requirements for Recipients of HHS Provider Relief Funds
On July 15, 2021, HHS released new guidance on the Single Audit requirements for recipients of HHS Provider Relief Funds. Provider Relief Fund expenditures and/or lost revenues will be excluded from the scope of single
Tax Changes from Ohio’s FY 2022-23 Budget Bill
On June 30, 2021, Governor DeWine signed House Bill 110 into law. This bill covers Ohio’s budget for the next two years and contains multiple changes to Ohio taxes, from a reduction to personal income
Switching jobs in a remote work environment
Switching jobs during a global pandemic may seem like a bold move. Switching employers always carries a certain amount of uncertainty, let alone when the entire world seems to be in a state of uncertainty.
FreshBooks and QuickBooks Online: Software considerations for your small business
If you have a small business and have started looking into online accounting software solutions, you’ve probably come across FreshBooks and QuickBooks Online since they are the two most popular web-based accounting solutions for small
Studying for the CPA Exam While Working Full Time
I think we can all agree that studying for the CPA exam is exhausting enough on its own. Adding this to a full 40-hour work week can seem like a punishment…and studying during busy season
Local Income Tax
Have you been working from home since the pandemic officially arrived in March 2020? Do you live in a non-taxing city or village? Maybe you live in a city that doesn’t offer a full tax
Three Keys to Successfully Onboarding Employees in a Remote Environment
Over the past year, it has become apparent that a more remote work environment will be the norm going forward. Whether you are a fan of the “work from home” atmosphere or not, it is
SBA Adjusted monthly payments
In virtually unpublicized provisions of the CARES Act in March 2020 and the Economic Aid Act in December 2020, the Small Business Administration (SBA) was provided tools to provide debt relief assistance for their 7(a),
Accounting for New Businesses
That day finally came. The domain has been secured. The ads have been place. The business is coming in! Now what? How do I keep track? What are the most important things to do? The
OHIO COMMERCIAL ACTIVITY TAX – FORGOTTEN CREDITS
The CAT is an annual tax imposed on the privilege of doing business in Ohio, measured by taxable gross receipts from most business activities. “Gross receipts” means the total amount realized by a person, without