Akron CPA

Job Description:

The Controller provides both operational and programmatic support to the organization.  .  The Conroller reports directly to the President and is responsible for all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding.

Our client provides survey, energy analysis and design of lighting systems to companies across the U.S.

Duties and Responsibilities:

• Assist in performing all tasks necessary to...

CLEVELAND, Ohio – Skoda Minotti, a CPA, business and financial advisory firm, has been named a recipient of The Plain Dealer’s second annual Top Workplaces 2011 award, for the second year in a row. This honor was given to 132 companies, nonprofits and agencies in northeast Ohio companies this year, based strictly on survey results of their employees.

Survey results were gathered using an independent workplace consultant. Employees were asked to indicate, on a seven-point scale, how much they...

CLEVELAND – Skoda Minotti, a CPA, business and financial advisory firm with offices in Cleveland and Akron, has been named a recipient of the 2011 Leading EDGE Award. Presented by Crain’s Cleveland Business and The Entrepreneur’s EDGE, this award recognizes companies that have consistently generated value to the Northeast Ohio economy over the past three years.

Uniquely positioned to provide business and financial advisory services to companies of differing sizes and industries...

CLEVELAND – Skoda Minotti, a CPA, business and financial advisory firm, with offices in Cleveland and Akron, has recently received federal and state recognition for demonstrating leadership and policies that support employee participation in the National Guard and Reserve. Doug Lundblad, client network engineer in Skoda Minotti’s Technology Services Group, serves as First Sergeant for Company B, 1st- 145th Armor Regiment of the Ohio Army National Guard.

On a national level, the firm has been...

CFO Job Description:

The Chief Financial Officer (CFO) provides both operational and programmatic support to the organization.  The CFO supervises the finance unit and is the chief financial spokesperson for the organization.  The CFO reports directly to the President and is responsible for all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding.

CFO Duties and Responsibilities:

• Assist in performing all tasks...

April 13, 2011 – CLEVELAND – Skoda Minotti, a CPA, business and financial advisory firm with offices in Cleveland and Akron, is pleased to announce that Robert D. Coode has been appointed to the Lake Health Foundation Board of Trustees.

Lake Health Foundation is the philanthropic affiliate of Lake Health. On behalf of the health system, the Foundation accepts contributions of cash and appreciated property. Donations are used to enhance patient care, including the support of projects that improve...

The Earned Income Tax Credit (EIC) is a refundable tax credit for low-income workers and families.  The credit, originally enacted in 1975, was designed to both reduce the burden of payroll taxes and supplement wages of those who were eligible.

The credit is claimed on one's individual income tax return.  In the past, employers were able to advance a portion of the credit to their eligible employees.  For tax-year 2011 and beyond, this will no longer be an option.  Due to a provision of HR 1586...

A Cleveland judge recently fined two South Carolina real estate companies more than $13 million for their persistent failure to fix derelict property conditions. This marks the largest collective fines the court has imposed.

According to this article at Cleveland.com, “The cases involve major violations at eight properties and less significant ones at five others. The earliest complaints date to January 2008. The judge calculated the fines from the number of violations, the number of days they...

The First Time Homebuyer credit has been extended, but not everyone is eligible to continue to take advantage of this credit. Only buyers who were under contract prior to the previous deadline of April 30 can take advantage of this extension to close by September 30 and receive the $8,000 credit.

One of the main reasons for the extension is that there are a high volume of short sales under contract but not scheduled to close by June 30^th. This is mainly due to short sales requiring seller side...

Click here to view Part 1 of our series and learn more about the stock option landscape or Part 2 to learn more about the accounting and tax ramifications of issuing stock options.

What To Do?

As discussed above, there are significant risks that a company brings upon itself if it decides to issue stock options without properly valuing the options and the equity of the company. Rather than issuing stock options, if a company wants to offer an employee the opportunity to obtain an ownership...

Accounting and Tax Ramifications of Issuing Stock Options

 Click here to view Part 1 of our series and learn more about the stock option landscape.

To give you more perspective, first let us review the accounting treatment for the issuance of stock options (rest easy - this will not be too painful). When stock options are issued, an expense must be recorded based on the value of the option. A stock option’s value is derived from a variety of factors, two of which are the value of the stock as of...

When selling your home, it is common to use an agent to list, promote and show the property. In exchange, you pay a portion of the sales price as a commission to the agent. The benefits of using an agent include: 1) the listing of your home in a database so that homebuyers can access information about it; 2) the agent acting as your middleman during the negotiation process; and 3) the incentive it gives the agent to sell your home quickly (so that her or she can earn their commission). 

Some peop...

In today’s economy, it is crucial to keep good tenants. The following nine points will help you maintain maximum occupancy in an uncertain environment:

1. Understand the tenant’s business. Research their industry so you can credibly talk about their business, and make them feel that you understand their concerns in today's economic conditions. 
2. Respond reasonably to rent relief or downsizing. This entails a two-step process consisting of listening to the request, and then formulating a personal...

What did Picasso’s paintings look like when he was only halfway finished? How did Michelangelo’s “David” look like after the first few chisels? How livable is a house after the frame has been erected, but no interior work has been done?

A valid answer to all of the preceding questions is, “Something different than the final product.” However, for financial experts who provide opinions on economic damages and other litigated matters involving calculated figures, current rules sometimes allow for...

Unfortunately, the downturn in the economy has effected many not-for-profit organizations that provide invaluable services to numerous communities and individuals.  For some of these organizations, management has thrown its hands in the air, determined that they just cannot provide these services anymore, and closed their doors.

A recent survey of about 100 not-for-profit organizations indicated that about 90% of those organizations have been directly affected by the downturn in the economy, some...

This week is our final update in our series on the changing rules and regulations and their impact on employee benefit plan audits.

This week’s topic:

2009 Cost of Living Adjustments for Qualified Retirement Plans

The Internal Revenue Service announced cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2009.

Click here for more of this article.

For more information on employee benefit plan audits, please leave a comment below, or contact Dani...

According to an article in Retail Traffic, major big-box retailers have informed about 700 shopping center owners that they will be reducing their rent 25%, no questions asked. Included in the letter was their first rent check, at the reduced rate. Owners and retailers have both been hurting in this poor US economy and each are trying to keep their head above water by reaching a common ground. With vacancy rates rising and retail sales decreasing, roles have switched from the past ten years and...

The Magis Advisory Group of John Carroll University is offering a seminar providing continuing legal education credits for attorneys, continuing education credits for certified financial planners, and continuing professional education credits for certified public accountants in estate planning, advanced planning for the family owned business and business and asset valuation.

Our own Robert A Ranallo, CPA/ABV, JD, CVA, CFF, will be presenting the "Business and Asset Valuation" session on Friday,...