Apple Growth Partners Named 2023 Regional Leader by Accounting Today
The annual list spotlights firms poised for growth on the national and regional levels.
The annual list spotlights firms poised for growth on the national and regional levels.
Investing in our communities is a core credo at Apple Growth Partners. Last evening, I proudly began my second term as a judge, supporter, and raving fan of Stark Tank, a play on the now-famous “Shark Tank” television show. This event has evolved into a series, garnering statewide attention and admiration among those in educational and innovative circles.
Chris Benko, CPA, was named a Notable Leader in Accounting and Consulting by Crain’s Cleveland as announced today. The prestigious list recognizes accountants and consultants from Northeastern Ohio for accomplishments in the last 18 months.
It’s the number which needs no formal introduction, and it’s an elephant in the boardroom of every business in America whether acknowledged or not.
Owning and operating a restaurant can have significant perks, with a side of complexities. Mainly, understanding and forecasting taxes for restaurants, which can cause headaches among other responsibilities. Proactive tax planning is a must and should be completed prior to 12/31 of the calendar year to identify opportunities. Tax rules often change; best practice recommends business owners should understand the rules as stated currently, while being aware of potential future changes.
Owning and operating a restaurant can have significant perks, with a side of complexities. Mainly, understanding and forecasting taxes for restaurants, which can cause headaches among other responsibilities. Proactive tax planning is a must and should be completed prior to 12/31 of the calendar year to identify opportunities. Tax rules often change; best practice recommends business owners should understand the rules as stated currently, while being aware of potential future changes.
Under the Fair Labor Standards Act (FLSA), most restaurant employees are classified as non-exempt and entitled to overtime pay of 1 and ½ times their regular rate of pay. Calculating overtime pay can be challenging, especially for tipped employees.
With the current issues surrounding inflation, here are key steps for restaurants to manage the costs of food.
By Jason Bogniard, MBA, ASA, CVA, EA | Robert Jackson, CPA, MT | Andrew Adolph There can be significant income tax advantages to donating privately held stock or units to your favorite qualified charity, rather than charitable gifts of cash. A business owner with an interest in a non-publicly traded C- or S-Corporation, Limited Liability …
Charitable Donation of Closely Held Business Interests Read More »
By Ann Miller, CPA | Manager, Tax As we near the close of 2022, now is the time to make any last-minute gifts to fully use the annual gift tax exclusion for 2022. The annual gift tax exclusion amounts available for a gift made to an individual either directly or indirectly without filing a gift …