Apple Growth Partners

Ep75: Managing a Family Office

Once you’ve built your business, it’s time to continue your legacy for generations to come. Establishing a family office provides multi-generational families a proactive plan for their financial aspects, customized to their needs. We’re joined by Bob Neides and A’Shira Nelson from Apple Growth Partners to learn about their family office services. They share insights …

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Apple Growth Partners’ Eric Flickinger Receives AICPA Forensic and Valuation Services Standing Ovation

Achievement Recognized at the 2020 AICPA FVS Conference AKRON, OH (November 10, 2020) –  The American Institute of CPAs (AICPA) Standing Ovation Recognition Program has recognized Eric Flickinger, CPA, ABV, as one of 22 outstanding young CPAs in the area of business valuation. Flickinger, along with a select group of CPAs age 40 and younger from …

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AGP Advisory: The Ultimate Financial Due Diligence Checklist

By Brandon Fredericks, CPA | AGP Advisory, Leader The merger and acquisition market remains active even through trying times. Over the past two years, an average of over 13,000 deals were completed for small and mid-size businesses—that’s over 35 deals a day. The act of buying or selling a business can be complex and time consuming. Luckily, we have provided some insight into …

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New SBA Qualification Questionnaire Requirement for PPP Loans in Excess of $2M

November 3, 2020 By Robert Jackson, CPA | COVID-19 Response Team Last week, the SBA announced that it will be issuing two new questionnaires for those borrowers who, together with their affiliates, received Paycheck Protection Program (PPP) loans of $ 2,000,000 or greater. The questionnaires are designed to help the SBA determine the extent of loan …

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2021 Retirement Plan Limits

November 2, 2020 The IRS released updates to retirement plan limits in 2021 last week: 2021 Retirement Plan Limits 2021 2020 2019 401(k),403(b) and 457(b) Deferral Limits      $19,500 $19,500 $19,000 401(k) and 403(b) Catch-up Deferral Limits  $6,500 $6,500 $6,000 Annual Limitation on Compensation             $290,000 $285,000 $280,000 Defined Contribution Limitation                      $58,000 $57,000 $56,000 …

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Main Street Lending Portal Now Open for Loans

November 2, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team From the Federal Reserve website: The Federal Reserve Board on Friday adjusted the terms of the Main Street Lending Program in two important ways to better target support to smaller businesses that employ millions of workers and are facing continued revenue shortfalls due to …

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Apple Growth Partners Introduces Initiative to Grow Black-Owned Businesses

CLEVELAND, Ohio – (October 29, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, is proud to announce a new initiative to help grow Black-owned businesses in Northeastern Ohio named IMPACT – Increase Minority Professionals’ Awareness and Create Traction for change. IMPACT’s goal is to increase Black business owners’ financial network while …

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AGP Advisory: Sizing Up Additional Acquisition Risk

By Brandon Fredericks, CPA | AGP Advisory, Leader In performing financial due diligence, we get a chance to really peal back the layers of a company. That process can reveal additional areas within the business that should be considered prior to any acquisition closing. The fact of the matter is everything in life comes with a cost. Thus, even though the financial due diligence process may …

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Ohio’s COVID Relief Grant Programs

Tuesday, October 27, 2020 On Friday, October 23, 2020, Governor DeWine and the Ohio Development Services Agency announced two new COVID Relief grant programs for Ohio companies: Small Business Relief Grant Grant summary $10,000 Grant Accepting applications November 2, 2020 Eligible Businesses For-Profit Entity Employs at least 1 and no more than 25 Ohio Employees …

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AGP Advisory: Understanding and Managing the Adjustments

By Brandon Fredericks, CPA | AGP Advisory, Leader Our journey thus far has taken us through understanding what a quality of earnings (QofE) entails, how we define and assess the “quality” within earnings, and our work around the earnings and Net Working Capital (NWC). This leads us into the next topic that helps bring these projects all together—the adjustments. Let’s define the typical adjustments we …

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