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Last month, it was announced that the final settlement the Ohio Bureau of Workers’ Compensation (BWC) owes to Ohio employers could be as much as $420 million.  This settles a long-standing case that started in 2007 and alleged that the BWC overcharged premiums to Ohio businesses that were not group-rated between 2001 and 2008.  In […]

Tuesday, August 19, 2014

For most, each day unfolds with its expected pattern and routine of predictability. We are creatures of habit accustomed to repetition and order; while even the smallest hiccups in the road can occur with cause for a grumble, rarely does it disrupt the day that it becomes completely off-kilter. But, what happens when the interruption […]

Thursday, August 14, 2014

(An excerpt from Skoda Minotti’s “How a Company is Valued” e-Book) Investors in publicly-traded companies have the luxury of knowing the value of their investment at virtually any time.  An internet connection and a few clicks of a mouse are all its takes to get an up-to-date stock quote.  Of all U.S. companies, however, less […]

Monday, August 11, 2014

Co-authored by Frank Suponcic, CPA, CFE, CFF Partner As a society, we have become accustomed to media reports alerting us to varying data breeches involving bank accounts and credit cards. If it can happen there, can it happen to your brokerage account? Yes. In fact, they already have. And the losses can be staggering; to […]

Wednesday, July 30, 2014

Spouses of employer-sponsored retirement plan participants have certain rights when it comes to the plans. Because of this, the legal definition of “spouse” is very important to both plan sponsors and plan participants in understanding how a retirement plan works. On June 26, 2013, in United States v. Windsor, the U.S. Supreme Court struck down […]

Wednesday, August 13, 2014

We all have some preconceived notions about what retirement will be like. But how do those notions compare with the reality of retirement? Here are four common retirement myths to consider. 1. My retirement won’t last that long The good news is that we’re living longer lives. The bad news is that this generally translates […]

The anticipation in Cleveland is at a fevered pitch. Every basketball fan is refreshing twitter, listening to sports talk radio, and tuning into ESPN to find out the latest scoop. Akron’s prodigal son, LeBron James, opted out of his contract with Miami and is deciding on whether he should return to the Cleveland Cavaliers where […]

Thursday, July 10, 2014

By: Michael McKeown, CFA, CPA Last week the Bureau of Economic Analysis released the final report for first quarter Gross Domestic Product (GDP), which measures the market value of all final goods and services produced. The result was an annualized negative 2.9% growth rate for the U.S. economy. This was the worst quarterly performance since […]

Monday, July 7, 2014

A major security vulnerability has recently been uncovered in two of the most popular website content management systems (CMS), WordPress and Drupal. According to, these CMS encompass about 25% of the web. Both WordPress and Drupal have already released updates to address this concern. The updates are not automatic, however. If your website uses […]

Do you like to share your connections’ or company’s updates on LinkedIn? If so, that’s great. LinkedIn is a helpful medium for you to share industry news, updates and insights with your connections. There is one common occurrence and missed step that we see on LinkedIn, though – people hitting “share,” and forgetting to include […]

Skoda Minotti Professional Staffing is currently assisting a client in their search for a Senior Accountant (Manufacturing). The Senior Accountant is responsible for analyzing financial information and prepares financial reports to determine or maintain record of assets, liabilities, profit and loss, or other financial activities within the company. As a key member of the finance […]

Skoda Minotti Professional Staffing is currently assisting a client in their search for a Chief Financial Officer. The chief financial officer has a dual reporting relationship to both the CEO and the President and is accountable for the administrative, financial, and risk management operations of the company; including the development of a financial and operational […]

Most medical practices are aware of the HIPAA HITECH requirements that affect their organizations, and the fines that they face if they are not compliant in the ways they handle patient health information (PHI). What a lot of professionals don’t know is that HIPAA HITECH regulations also hold business associates, (i.e. other professionals from other […]

A common theme in businesses today is regulatory compliance and oversight. SSAE 16 compliance has been a growing popular method for service organizations to validate the quality of their operations or to separate themselves from competition by obtaining an audit to illustrate their continued commitment to meeting the strict regulatory compliance. Obtaining an SSAE 16 […]

August 4, 2014 [Cleveland, Ohio]  Skoda Minotti, a national CPA, financial and business advisory firm headquartered in Cleveland, Ohio, announced the promotions of Robert D. Coode and Sean A. Saari to partners of the professional services firm. “We are proud to appoint Robert and Sean as Partners of the firm. Their dedication to helping our […]

Skoda Minotti, a national CPA, financial and business advisory firm headquartered in Cleveland, Ohio, announced the addition of Laura Rohde as Human Resources Director. Rohde will manage the training and development initiatives, recruiting, retention and performance management for the firm’s Cleveland and Akron, Ohio and Tampa, Florida locations. “We are excited to welcome Laura to the […]