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Healthy Growth Blog

The Clock is Ticking on Revenue Recognition – 3 Things to Do Now

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By Sheila M. Beck, CPA, MBA; Mark Batey, CPA; Brandon Fredericks, CPA In 2014, the Financial Accounting Standards Board (FASB) rolled out one of the most sweeping and impactful accounting pronouncements in decades with the new revenue recognition standard (i.e., ASC 606).  The effective date for most (calendar year) privately-held companies is rapidly approaching – …

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Out of State Sales? Better Know What’s Changing.

By / Healthy Growth Blog /

By Taylor Lorenz, MAcc As budgets across federal, state, and local governments continue to be scrutinized, it’s becoming even more critical for these agencies to collect as much revenue as possible to operate efficiently and avoid budgetary issues.  State and local tax departments are no exception, as they increasingly are becoming more aggressive to get …

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Protect Your Practice from Common Examples of Medicare Fraud

By / Healthy Growth Blog /

For physicians, providers and their practices, the term “Medicaid fraud” is an ever-changing occurrence that accounts for billions of dollars in fraud annually.  According to the Department of Justice, $3.7 billion were recovered from false claims in 2017 (Justice Department, 2017).  Per the former Chairman of the House Oversight and Government Reform Committee Darrell Issa, the …

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Dear John: Breaking Up with a Previous Accounting Firm

By / Healthy Growth Blog /

Mark Lapikas, CPA Once the rush of tax season and the inevitable deadline has passed, you may be considering a change in your business accountant. Your company may ultimately benefit from a partnering with a full-service firm, such as Apple Growth partners, that offers a wide variety of services in addition to business tax preparation. …

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Robert Engler Headshot

Apple Growth Partners Proudly Announces Advancements and New Hires

By / Healthy Growth Blog, News /

Akron, Ohio (August 6, 2018) – For more than 75 years, the dedicated employees of Apple Growth Partners (AGP) have helped countless local businesses in Northeast Ohio grow their value through our accounting, tax, consulting and business valuation services. In July 2018, a record number of employees advanced in their AGP career due to their …

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What Drives a Business’s Value?

By / Healthy Growth Blog /

Matthew Silla, ASA, CFA Understanding a business’s value is critical key for several reasons: Helps an owner prepare for a possible sale, merger, or acquisition Provides necessary insight for employee stock ownership plan (ESOP) trustees Benefits attorneys who work on behalf of the owner during a sale, merger, acquisition, or litigation Assists with estate and …

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Apple Growth Partners Community Outreach Charitable Giving Fund Announces Request for Proposals

By / Healthy Growth Blog, News /

NORTHEAST, OHIO– (August 1, 2018)—Apple Growth Partners (AGP) Community Outreach Charitable Giving Fund of Akron Community Foundation is now accepting grant proposals for financial literacy education. Established in 2009, the Apple Growth Partners Community Outreach Charitable Giving Fund of Akron Community Foundation was created to recognize the importance of supporting civic events and philanthropic organizations …

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How Does ESOP Repurchase Obligation Impact My Valuation?

By / Healthy Growth Blog /

By Eric Flickinger, CPA/ABV Each year, Apple Growth Partners issue updated annual valuations to many ESOP companies. We typically see and feel the excitement of growing stock prices from everyone at the Company, except for one person – the CFO. Commonly, the first thought from the CFO with a growing stock price is “My repurchase …

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Quality of Earnings: A Valuable Tool When Buying or Selling a Business

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By Randy Misch, CPA | Principal, Audit & Assurance Net income doesn’t tell the whole story. Even a company with a large net income can be a bad investment due to a negative cash flow or other potential issues. In order to determine if acquisition makes sense for everyone involved, both sides need to review …

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