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News – Business Advisory Services and Accounting

AGP understands and communicates the impact of regulatory changes, compliance requirements and the evolving tax code in a timely manner, ensuring our clients have the information necessary to make informed decisions. Sign-up below to receive our newsletter and alerts.

10/17

Tax Credits Available for Efficiently Consuming Energy: A Win-Win

"Tax Credits Available for Efficiently Consuming Energy: A Win-Win" by Brittany Zeman | Intern - Tax Looking to save money on fuel and electricity bills while productively contributing to a greener economy? You will be pleased to learn that there are generous...

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10/17

Provisions in the 2017 Disaster Tax Relief Bill

"Provisions in the 2017 Disaster Tax Relief Bill" by Kathy Davis | Senior Manager - Tax  On September 29th, the President signed into law, a tax bill to provide temporary tax relief to victims of Hurricanes Harvey, Irma and Maria. Individuals may...

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9/20

Tips to Protect your Financial Identity

"Tips to Protect your Financial Identity" by Mark Lapikas, CPA, MTax, MBA | Senior Manager - Tax  With the recent breach of Equifax, an estimated 143 million Americans’ information was compromised. In addition, in 2015 Anthem was breached compromising personal data of...

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8/30

Acquisitions Expand Services and Expertise to Clients

"Acquisitions Expand Services and Expertise to Clients" by Chuck Mullen, CPA, CMA, MTax, CGMA | Chairman  This has proven to be quite a year of expansion for Apple Growth Partners. We have been extremely fortunate this year to have closed on two...

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8/25

Apple Growth Partners Named Top Workplace for 10th Consecutive Year

Apple Growth Partners (AGP) is delighted to be recognized by ERC as one of Northeast Ohio’s 99 best places to work for the 10th consecutive year. NorthCoast 99 recognizes exceptional places to work for top performing people that drive results, provide competitive...

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8/25

Apple Growth Partners Adds Matthew Silla to further grow the Business Valuation Practice

Silla’s addition will enhance capacity to grow AGP’s ESOP Practice and adds expertise in the area of financial reporting valuations. Northeast Ohio (August 25, 2017) Apple Growth Partners (AGP) is pleased to announce the addition of Matthew Silla as Senior Manager of...

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8/1

AGP Fund Announces Request for Proposals

NORTHEAST, OHIO-- (August 1, 2017)—Apple Growth Partners Community Outreach Charitable Giving Fund  (AGP Fund) of Akron Community Foundation is now accepting grant requests for financial literacy education. Established in 2009, the Apple Growth Partners Community Outreach Charitable Giving Fund of Akron Community...

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7/28

Research & Development Tax Credit: Do you Qualify?

"Research & Development Tax Credit: Do you Qualify?" by Mark Lapikas, CPA, MTax, MBA, Senior Manager – Tax Many business owners are unaware of the research and development (R&D) tax credit which is available to companies that invest resources aimed at producing...

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6/6

Apple Growth Partners Announces Second Acquisition in Six Months

Public Accounting Firm takes Healthy Growth Tagline Seriously Northeast Ohio –(June 6, 2017) – Apple Growth Partners (AGP) is pleased to announce its acquisition of Schlabig & Associates, Ltd. (Schlabig) effective July 1, 2017, AGP’s second acquisition in six months. Schlabig, with offices...

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5/2

Lease Accounting–Upcoming Changes to Affect Lessors and Lessees

"Lease Accounting – Upcoming Changes to Affect Lessors and Lessees" by Mark Batey, CPA | Senior Manager - Audit & Assurance The Financial Accounting Standards Board (FASB) after years of deliberation finally issued a new accounting standard just over a year ago...

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5/2

Trump Reveals Outline for 2017 Tax Reform

"Trump Reveals Outline for 2017 Tax Reform" by Paul Martin, CPA, MBA | Principal - Tax President Trump has revealed his proposal for tax reform that is planned to be put in place in 2017. The outline released calls for simplification and...

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2/6

"It's Tax Time" Tax Code Updates

It's Tax Time! Principal Jeff Brooks is a special guest on "The Bullington Capital Report" with Bill Bullington. Watch the show for insight on the latest tax code updates and news. https://youtu.be/H52aZWKN68c

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1/23

New Tax Exemption Available for Property Development

"New Tax Exemption Available for Property Development " by John Valle, CPA, MTax | Senior Manager - Tax On December 8, 2016, the Ohio approved Senate Bill 235 (SB 235) which allows an exemption from property tax for commercial or industrial newly “developable or...

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1/23

Higher Interest Rates Impact on the Real Estate Industry

"Higher Interest Rates Impact on the Real Estate Industry " by Toby Kaye, CPA | Senior Associate - Tax US interest rates have been trending higher over the last year. This trend was intensified by the results of the recent federal election. President...

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1/17

QSEHRA A New Medical Expense Plan

"QSEHRA A New Medical Expense Plan" by Sue Peirce, CPA, MTax | Principal - Audit & Assurance Qualified Small Employers Health Reimbursement Arrangements (QSEHRA) – NEW JANUARY 1, 2017 and understanding that the waiver of the penalty for offering reimbursement of individual health...

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12/22

Tax Due Dates Change - A Logical Decision

"Tax Due Dates Change - A Logical Decision" by Steve Mazza, CPA | Manger - Tax Each and every year a large number of individual income tax returns sit on a CPA’s desk in March 90% finished. Finally, sometime in the first...

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12/19

Apple Growth Partners and KPFF Announce Merger

The two firms combine over a century of experience helping businesses and individuals attain healthy growth. CLEVELAND & AKRON, OHIO-- (Dec. 19, 2016) – Apple Growth Partners (AGP) and KPFF are pleased to announce their merger effective Jan. 1, 2017. Founded by...

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12/12

Year-End Financial Moves – Advice from Wealth Managers

Year-End Financial Moves – Advice from Wealth Managers compiled by David Gaino, CPA, MTax, PFS | Chairman Emeritus/Principal – Tax, Apple Growth Partners As we approach the end of the tax year, it’s always a good idea to review your portfolio for...

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11/17

Trump Tax Policy Summary of Expected Changes

"Trump Tax Policy Summary of Expected Changes" by Taylor Lorenz | Associate - Tax and Amy Smith, CPA | Manager - Tax Now that the election is over and President-Elect Donald Trump is set to take the Oval Office on January 20,...

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10/26

InvestOhio – Plan Today to Save Tomorrow

"InvestOhio – Plan Today to Save Tomorrow" by Taylor Lorenz | Associate - Tax The state of Ohio is offering a generous, non-refundable tax credit for eligible and qualified taxpayers called InvestOhio. Ohio has recognized that investment in small businesses and job...

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10/25

Donating Inventory May Lead to Tax Savings

"Donating Inventory May Lead to Tax Savings" by Mark Lapikas, CPA, MTax | Senior Manager - Tax Does your business have obsolete, unwanted, or an overstock of inventory? If so, you could find tax savings by donating that inventory. The federal tax law...

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9/27

Common Questions About the New Overtime Rules

"Common Questions About the New Overtime Rules" by Susan Peirce, CPA, MTax | Principal – Audit & Assurance Ever since the new overtime/exempt employee regulations were announced in May, many of our clients have been seeking answers on how these changes will...

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8/29

Apple Growth Partners Named Top Workplace

NORTHEAST OHIO -- (August 29, 2016) – Apple Growth Partners (AGP) is proud to be recognized by ERC as one of Northeast Ohio’s 99 best places to work! This is the ninth time that AGP has received the award. In addition, AGP...

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8/25

8 Things About the New Overtime Rules Every Employer Should Know

8 Things About the New Overtime Rules Every Employer Should Know by Sue Peirce, CPA, MTax | Principal - Audit & Assurance  Over the past months, we’ve presented several webinars on the new overtime/exempt employee regulations and have had the privilege of...

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8/19

A Low-Stress Tax Season Begins with Year-End Planning

A Low-Stress Tax Season Begins with Year-End Planning by Eric Street, CPA | Senior Associate - Tax As summer comes to a close and we near the end of another calendar year, it is crucial that you start thinking about the upcoming...

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6/30

InvestOhio Tax Credit – You Might Qualify

By Kathy Davis | Senior Manager - Tax Are you investing in your business to purchase equipment, real estate or intangibles? Perhaps you are expanding your business and hiring new employees. If you’re an eligible small business and have Ohio personal income...

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6/28

Apple Growth Partners Names New Chairman, Sets Bold Goals for Healthy Growth

CLEVELAND & AKRON, OHIO-- (June 29, 2016) – Healthy Growth is Apple Growth Partners' (AGP) tagline and guiding vision, for our clients, and for our firm. Since our founding in 1943, AGP has helped countless clients throughout their business life cycles. From...

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5/31

Plan Sponsor Responsibilities for Cybersecurity and Record Retention

By Krista Steedly | Senior Associate - Audit & Assurance Cybersecurity   Whether you are working with a health plan or a qualified plan, the plan sponsor as the fiduciary must pay attention to cybersecurity matters. With multiple data breaches having occurred...

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5/23

Keeping Up with the FASB

By Susan Burnoski, CPA | Director/Senior Manager - Audit & Assurance The Financial Accounting Standards Board (FASB) has been extremely active in recent months. They have finalized and released the long anticipated updates to the revenue recognition and lease accounting standards. Revenue...

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5/15

The Healthy Bottom Line on Corporate Wellness

By Charles F. Mullen, CPA, CMA, CGMA, M. Tax | Principal - Tax Corporate wellness has become a hot topic in the business world of late. But it’s noteworthy that when one company states that it has a wellness program, the experience...

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4/28

The Value of Finding a Career Champion

By Erin McCafferty | Director of Operations A helping hand can make a big difference in a person’s career. A career champion can be a positive force in a professional’s life, providing guidance that can help them succeed. Finding a good career...

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4/25

Apple Growth Partners Tax Director Receives University of Akron School of Accountancy Honor

CLEVELAND & AKRON, OHIO-- (April 25, 2016)—Apple Growth Partners (AGP) is pleased to announce our very own Chuck Mullen has been named one of the 2016 Outstanding Accounting & Tax Professionals by the University of Akron School of Accountancy! Each recipient of...

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3/30

Why You Should Have The Same Firm Handle Tax, Audit, and Business Valuation Services

By  Jason Bogniard, MBA, ASA, CVA, EA | Principal – Business Valuation It’s good to know what you’re worth, but you need the right people to provide you with an accurate market value. Certified business valuation experts can provide you with a...

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3/21

3 Benefits Apple Growth Partners Brings to your Field Exam

By Randy Misch, CPA | Principal – Audit & Assurance, Managing Director – Cleveland Whether you call it a field examination or a collateral audit, the truth is, no one really wants to do one. But, as a compliance requirement, it’s not...

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3/1

Apple Growth Partners adds New Director

CLEVELAND & AKRON, OHIO-- (March 1, 2016)—Erin McCafferty has joined Apple Growth Partners (AGP) as the new director of operations. McCafferty joins the Firm with more than a decade of experience in office administration gained via employment with a number of local law...

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2/29

How the PATH Act of 2015 Impacts your Business

By Charles F. Mullen, CPA, CMA, CGMA, M. Tax | Principal - Tax   Just before the turn of the new year, Congress passed a sweeping tax law entitled Protecting Americans from Tax Hikes Act of 2015 (PATH Act). The sheer volume...

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2/29

Tax Refund Identity Theft is on the Rise – Easy Tips to Protect Yourself!

By Jim Gornik, CPA, JD | Principal - Tax   Finding out you have been a victim of identity theft can be a stressful event. Tax-related identity theft occurs when someone files a tax return using your Social Security number in an...

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2/26

UPDATE: Department of Labor Clarifies Employee Classification

By Sue Peirce, CPA, MTax | Principal - Audit & Assurance Since the Department of Labor (DOL) issued Administrator’s Interpretation 2015-1 on July 15, 2015, regarding the classification of workers as employees or independent contractors, there have been a plethora of comments...

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2/25

Talent Acquisition: Why People Work for People

By Randy Misch | Principal and Managing Director of Cleveland Talent acquisition is about finding the right people for your company. However, finding talent is about more than just picking out the best resume. An unhappy employee or a bad cultural fit can...

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2/3

Fraud in Divorce - Before, During and After

By Bob Nemeth, CPA/ABV, CVA, CDFA, CFE, Principal – Business Valuation & Tax Earlier blog posts have focused on fraud occurring within a business. But, fraudulent activity is not limited to a business setting. Unfortunately, the ending of a marriage can provide...

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1/27

What is Forensic Accounting and How Do I Know if I Need It?

By Jimmy Fisher, Associate - Audit & Assurance Now that we have learned some of the motivations behind committing fraud, as well as the various different types of fraud and ways to prevent them, let’s look at the area of accounting specifically...

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1/12

Fraud Prevention – Simple Strategies to Safeguard Your Business

By Drew Bolog, Associate - Audit & Assurance Now that we know Why Employees Commit Fraud…and How you Can Stop Them and the Different Types of Internal Business Fraud from prior blog posts, we can now look at how to prevent fraud...

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1/5

How a Congressional Update May Affect Physician Practice Acquisition

By Jason Bogniard, MBA, ASA, CVA, EA, Principal - Business Valuation Hospitals have been on a tear of acquiring physician practices and ambulatory surgery centers over the past several years. Thanks to a recent congressional update in the latest budget agreement, that...

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12/23

Big Shop to Regional Shop: Why Apple Growth Partners Feels Like Home

By Kim Siegal, Associate - Business Valuation Post-graduation, I emerged victorious, landing a position with a big accounting firm high above the electric streets of an exciting city. This was it. I had arrived. Then a curious thing happened. Over time I...

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12/16

"Tax Extender" Bill Signed into Law - Updated 12/21/15

On Friday, December 18, both houses of Congress passed, and the President signed one of the most consequential pieces of tax legislation in some time. The final legislation is H.R. 2029, the “Consolidated Appropriations Act of 2016.” Highlights: Business Permanent Extensions:  R&D credit,...

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12/3

The Different Types of Internal Business Fraud

By Alyssa Natale, Associate - Audit & Assurance Many companies do not implement and enforce proper segregation of duties, leaving all or most responsibilities to one person. When proper oversight of these duties is not enforced due to a close-knit working relationship...

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12/2

Three Easy Ways You Can Save on Income Tax Through Year-End Planning

By Chuck Mullen, Principal/Director - Tax With the end of 2015 quickly approaching, it’s time to finalize your year-end tax plans. Much like we saw last year, planning will be a little more difficult than usual for year-end 2015.  That is because...

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11/16

Accounting Firm announces grants for financial literacy education

CLEVELAND & AKRON, OHIO-- (November 16, 2015) — The Apple Growth Partners Community Outreach Charitable Giving Fund of Akron Community Foundation announces grants to four local non-profits. Asian Services In Action, (ASIA) Inc. received funding for its Peer Lending Circles – Financial...

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11/6

Accounting Firm partners with schools to promote financial literacy education

CLEVELAND & AKRON, OHIO-- (November 5, 2015)— Regional public accounting Firm Apple Growth Partners (AGP) has joined with Akron Public Schools’ Findley CLC and Pfeiffer Elementary to teach financial literacy to students. Annually the Ohio Society of Certified Public Accountants (OSCPA) recruits...

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10/2

CFOs beware: Some falling victim to spoof emails requesting emergency wire transfers

By Chuck Mullen CPA/CMA/MTax/CGMA Principal - Tax It happens like this:  CFO gets an email from the CEO requesting an emergency wire transfer to a certain “vendor”. Often times the sender’s email address appears legitimately to be the CEO’s email address, and the...

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9/10

Apple Growth Partners increases capacity through hiring

Apple Growth Partners increases capacity through hiring CLEVELAND & AKRON, OHIO-- (September 10, 2015)—Kathy Keylor has joined Apple Growth Partners (AGP) as a manager in the tax department. Keylor joins the Firm with seven years of experience in tax. She obtained her...

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9/1

Apple Growth Partners Wins NorthCoast99 Award

Firm recognized for the eighth consecutive year as one of Northeast Ohio’s 99 great workplaces for top talent. CLEVELAND & AKRON, OHIO -- (September 1, 2015) – ERC has once again recognized Apple Growth Partners (AGP) as one of Northeast Ohio’s 99 best...

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8/6

IRS MODIFIES RULES ON ELECTIVE DEFERRAL to 401(K) FAILURES – IMPORTANT CHANGES FOR EMPLOYERS

Revenue Procedure 2015-28 (issued April 2, 2015) modifies the existing rules with respect to 401(k) plans with automatic contribution features and 401(k) plans that have elective deferral failures of a limited duration. Under the old rules, the employer was required to make...

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7/15

Apple Growth Partners announces promotions in audit & assurance and tax departments

Apple Growth Partners announces promotions in audit & assurance and tax departments CLEVELAND & AKRON, OHIO-- (July 15, 2015)—Apple Growth Partners has promoted five members of its team, three to senior manager and two to senior associate effective immediately. Brian Morgan, CPA...

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6/1

Ohio BWC Changes Billing Method, $1.2 Billion Dollars in Credits Available, 11,000 Businesses Affected, Immediate Action May be Required

Executive summary:  The much anticipated Ohio Bureau of Workers Compensation (BWC) billing system will be switching to a prospective method on July 1st.  Private employers who are current and up-to-date with filings and payments will enjoy an 8-month premium credit to ease...

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2/3

Avoid fines by US Department of HHS with these HIPAA compliance tips

A critical issue for any business is its internal controls. Typically, we think of internal controls as the policies and procedures designed by management to safeguard assets and manage resources. For health care providers and certain employers/plans, it is not just the...

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2/3

New repair regulations, do you have an applicable deduction?

Generally, all ordinary and necessary business expenses paid or incurred during the year may be deducted. Conversely, amounts paid to acquire or improve tangible property must be capitalized and depreciated over multiple years. Prior standards for determining whether an expense may be...

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11/24

Apple Growth Partners Promotes Paul Martin to Manager in the Tax Department

CLEVELAND & AKRON, OHIO-- (November 24, 2014)—Apple Growth Partners has promoted Paul Martin, CPA, to manager in the tax department effective immediately. Martin joined AGP as a full-time associate in 2009 after obtaining his bachelor of science in accountancy from John Carroll...

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9/2

Apple Growth Partners Wins NorthCoast99 Award

 Firm recognized for the seventh consecutive year as one of Northeast Ohio’s 99 best places to work for top talent CLEVELAND/AKRON, Ohio (September 2, 2014) – ERC has once again recognized Apple Growth Partners as one of Northeast Ohio’s 99 best places...

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7/24

NOW is the Time to Review Reporting of Payments

As a physician, NOW is the time to review reporting of payments made and interests held prior to the information being released as public record. The Centers for Medicare and Medicaid Services (“CMS”) will release information, on September 30, 2014, to the...

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7/14

Promotions at Apple Growth Partners

CLEVELAND & AKRON, OHIO--(July 14, 2014)--Both Burnoski and Hall will be responsible for all aspects of AGP’s assurance and tax departments including quality control, training and development, client acceptance and continuance, technical resources and scheduling. “Susan and Julie are outstanding professionals with...

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12/26

New Professionals, Promotions at Apple Growth Partners 

Northeast Ohio CPA firm builds staff, awards promotions CLEVELAND/AKRON, Ohio (December 26, 2013) – Apple Growth Partners announced promotions and new staff hires at both office locations. New hires are: •    Antonio Golston, Tax Associate •    Jonathan Wakeen, Audit Associate •    Jeff...

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10/1

New Shareholder Principal at Apple Growth Partners

Promotion at northeast Ohio CPA firm CLEVELAND, Ohio (October 1, 2012) - Apple Growth Partners announced Jason Bogniard, MBA, ASA, AVA, has been named a shareholder principal.  Bogniard joined the firm in 2005, becoming a principal in 2008. He is a member...

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10/7

Intercompany Management Fees - The Need For Proper Documentation

"Intercompany Management Fees - The Need For Proper Documentation" by Sharon Sledzik, CPA, CGMA | Manager - Tax The IRS had disallowed over half of the management fees paid between two related entities. Now the Tax Court has agreed per T.C. Memo...

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