How Might International Volatility Affect my Foreign Acquisition?
These days, U.S.-based companies planning overseas acquisitions need to prepare for regulatory snags. Political flux in Europe and Asia won’t necessarily make cross-border deals more difficult. But you need to be aware of how regulations
Introducing Our Film Tax Credits Practice
My name is Alex Semerano and I am a Partner at Pease & Associates, CPAs located in Cleveland, OH, where I have spent several years developing an expertise in the Ohio film tax credits, along with partnerships, federal
Jennifer Barnes to Present at OSCPA October Women’s Event
Pease and Associates Director of Tax, Jennifer Barnes, will present at the Ohio Society of CPAs Cleveland Women’s Initiatives Committee career-enhancing October event. Jennifer will discuss “7 Habits of Highly Effective Women Accountants” during the
Strong Internal Controls Help Reduce Restatements
A recent study has found that fewer public companies are reissuing financial statements due to errors or omissions, in large part due to stronger internal controls. Want to upgrade your controls and reduce your risk
“Bunching” Medical Expenses – A Tax-Smart Strategy
Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are deductible only if they exceed that floor (typically a specific percentage of your income). One example
Ready for the new not-for-profit accounting standard?
A new accounting standard goes into effect starting in 2018 for churches, charities and other not-for-profit entities. Here’s a summary of the major changes. Net asset classifications The existing rules require nonprofit organizations to classify
Charles Federanich at 2017 Cleveland Accounting Show
Pease & Associates Director of Tax, Charles Federanich, will present at the 2017 Cleveland Accounting Show at the I-X Center later this month. Chuck will join a panel on Thursday, October 26th to discuss the
Investors: Beware of the Wash Sale Rule
A tried-and-true tax-saving strategy for investors is to sell assets at a loss to offset gains that have been realized during the year. So if you’ve cashed in some big gains this year, consider looking
How Effectively do you Manage Risk?
Businesses can’t eliminate risk, but they can manage it to maximize the entity’s economic return. A new framework aims to help business owners and managers more effectively integrate enterprise risk management (ERM) practices into their
Why You Should Boost Your 401(k) Contribution
One important step to both reducing taxes and saving for retirement is to contribute to a tax-advantaged retirement plan. If your employer offers a 401(k) plan, contributing to that is likely your best first step.
Hedging Strategies for Your Business
The Financial Accounting Standards Board (FASB) recently issued some targeted improvements to its guidance that could encourage more companies to engage in hedging arrangements to minimize volatility in their financial statements. Here’s a close-up on
Save More for College with a 529 Savings Plan
With kids back in school, it’s a good time for parents (and grandparents) to think about college funding. One option, which can be especially beneficial if the children in question still have many years until
