By John Valle, CPA | Principal, Transportation Leader | jvalle@applegrowth.com | Twitter: @valle_CPA Year-end is here, and while 2019 closes and another decade begins, it’s time for brokers, carriers, and owner operators to proactively plan for 2020. Year-end is more than just preparing financials for the upcoming tax period; it’s a key time for business …
The Ultimate Year-End Tax Planning Checklist for Transportation Read More »
By Audit & Assurance Breaking News Today – Tuesday, September 24, 2019 The Department of Labor announced the long-awaited final overtime rule making an estimated 1.3 million American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA). The final rule updates the earnings thresholds necessary to exempt executive, administrative, or professional employees from …
Final Overtime Rule Announced by the DOL – Effective Jan. 1, 2020 Read More »
By Brandon Fredericks, CPA | Senior Manager, Audit & Assurance Now that summer 2019 is behind us, making the final push for ASC 606 revenue will be of the utmost importance for those remaining private companies. As a quick refresher from some of my other articles and webinars, the new revenue recognition model is a …
Making the Final Push to the ASC 606 Finish Line Read More »
By Eric Flickinger, CPA/ABV | Manager, Business Valuation Educating employees about the company’s financials can go a long way to maximize employee engagement. Going a step further, teaching participants the basic concepts of how valuation methods work can empower participants to drive company value. Unless your participants are financial experts, communicating any valuation method will …
Explaining Guideline Public Company Method for ESOP Participants (In an Easy Way) Read More »
By Chris Benko, CPA | Principal, Audit & Assurance | Leader, Construction and Real Estate Niche Wrapping up year-end financial statements is critical for all business owners, including construction contractors. Preparing year-end financials can help owners navigate bonding capacity for the following year. Reviewing Bonding Year-End Statements When it comes to providing year-end financial statements …
Article #3 in the New Business Owner Series By Toby Kaye, CPA/ABV | Manager, Tax As a business owner, you will always be juggling multiple priorities. Regardless of the situation in your business, your attention must be laser-focused on your target market. Helping your customers is the reason you entered the business. You must understand them …
Before you start, choose your destination Article #2 in the Succession Planning series By Toby Kaye, CPA/ABV | Manager, Tax I had discussed in the initial article about listing your desired exit outcomes in priority order during the planning phase. Any additional time spent on this phase clarifying your goals will pay dividends throughout the …
By Logan Jaworski | Associate, Tax As we await the smoke to clear from the Tax Cuts and Jobs Act of 2017 (TCJA), Ohio has just passed changes of their own for the 2019 tax year. For tax years 2016 and forward, Ohio Rev. Code Section 5747.01(B) allowed anyone who reports income from a pass-through …
By Jason Bogniard, MBA, ASA, CVA, EA | Principal, Business Valuation The concept of “Double Dipping” in divorce litigation is a fervently debated and quickly evolving issue in domestic relations courts across the State of Ohio, and the nation for that matter. So, what is double dipping and why should you care? Double dipping is only an …
Before You Start: Understand Yourself and Your Current Situation By Toby Kaye, CPA/ABV | Manager, Tax A mentor of mine would often tell me, “always keep the end in mind.” Proactive planning is a good recommendation. The stakes are much greater when it comes to succession planning. As soon as the entrepreneur starts a business, …
