Apple Growth Partners

Ep71: From the Courtroom to Coaching

Julie Sumner was a labor attorney for 12 years when she decided to flip the script and help companies differently. Julie founded her company, Monarch Endeavors LLC, to transform professional development through a unique approach. Monarch Endeavors provides executive coaching for professionals, with the added benefit of Julie’s expertise in labor law. Julie shares her …

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Apple Growth Partners Announces 12th NorthCoast 99 Win

AKRON, Ohio – (September 1, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, is proud to be recognized by ERC as one of 99 great Northeast Ohio workplaces for top talent. This is the 12th time the firm has received the NorthCoast 99 Award. NorthCoast 99 is an annual recognition program …

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IRS Issues Guidance to Implement Presidential Memorandum Deferring Employee Social Security Tax Withholding

August 31, 2020 Earlier this month the President issued an order to the Secretary of the Treasury directing the Secretary to postpone the collection of the employee’s share of social security tax for certain wages. Specifically, the order provided that the collection of the social security taxes for wages paid between September 1, 2020 and December 31, 2020 …

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Apple Growth Partners’ Dmitriy Berkovich Honored as Notable Immigrant Leader

CLEVELAND, Ohio – (August 31, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, is proud to announce Dmitriy Berkovich, CPA, has been named one of Crain’s Cleveland Notable Immigrant Leaders in 2020. Berkovich is a principal in the tax department. Crain’s Cleveland Notable Immigrant Leaders is a premier list celebrating immigrant …

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SBA issues Interim Final Rule (IFR) relating to less than 5% owners, rent paid to related parties and certain nonpayroll costs.

August 24, 2020 Owner-employees with < 5% interest Owner-employees of an S or C corporation with less than a 5% interest are not subject to the owner-employee compensation rule. Eligibility of amounts attributable to business operation of tenant or sub-tenant or household expenses eligible for forgiveness? No. Nonpayroll costs may not include any amounts attributable …

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Ep70: Crisis Communication in the Year 2020

It’s not if your company will have a crisis, it’s when. It’s the year 2020 – companies are facing concerns with COVID-19 (“What if an employee/customer/vendor/volunteer gets the virus?”), along with the liability that employees can be caught on camera at all hours displaying concerning behaviors that are not part of the company’s mission and …

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CRITICAL AUGUST 31ST DEADLINE FOR AMENDING PLANS TO SUSPEND OR REDUCE SAFE HARBOR CONTRIBUTIONS MIDYEAR IS RAPIDLY APPROACHING

August 20, 2020 Internal Revenue Service (IRS) Notice 2020-52, provides guidance and temporary relief for employers who may choose to reduce contributions during 2020 to their safe harbor 401(k) or 403(b) plan. Notice 2020-52: Clarifies that an employer can amend a safe harbor plan to reduce contributions made only on behalf of highly compensated employees …

CRITICAL AUGUST 31ST DEADLINE FOR AMENDING PLANS TO SUSPEND OR REDUCE SAFE HARBOR CONTRIBUTIONS MIDYEAR IS RAPIDLY APPROACHING Read More »

Apple Growth Partners Included in Expert Panel for Ohio Employee Ownership Center Virtual Conference

Apple Growth Partners Included in Expert Panel for Ohio Employee Ownership Center Virtual Conference AKRON, Ohio – (August 6, 2020) – Award-winning firm Apple Growth Partners will be participating in the Ohio Employee Ownership Center (OEOC) virtual conference on August 20. The panelists will answer technical questions regarding how stock value is determined, explain plan …

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