Cleveland Certified Public Accountant

November 28, 2011 – CLEVELAND – Skoda Minotti, a CPA, business and financial advisory firm, is proud to announce that Michael Trabert, CPA, CVA, CMAP, CEPA recently earned the Certified Exit Planning Advisor (CEPA) designation, after completing the Institute’s intensive CEPA program. With this designation, Trabert joins an exclusive group of business advisors worldwide who have received this credential.

Leading Skoda Minotti’s Exit Planning Services Group, Trabert helps clients by creating...

August 30, 2011 – CLEVELAND – The Marketing Services Group at Skoda Minotti is pleased to announce that online marketing manager, Robert C. Goricki has successfully fulfilled the requirements needed to become a Certified Search Engine Marketer (SEM), as presented by the Search Engine Marketing Professional Organization (SEMPO).

Achieving Certified SEM status validates that Goricki understands and adheres to the search marketing industry’s resources, best practices and standards. The certification...

Summary of Responsibilities

About the company: 

• Our client is a publicly traded real estate investment firm.

Essential Functions:

• Manages the collection of deliquent accounts to minimize losses.
• Work closely with other other departments to resolve unpaid balances.
• Work closely with Legal department to process...

Job Opening Title: Senior Corporate Accountant

Position Summary: Prepare monthly financial reporting, and quarterly and annual preparation for external reporting requirements, including assistance and coordination with external auditors.

Job Description:         

• Prepare initial formats of quarterly press release, 10-Q, annual report, 401K statements and other required filings, and assists with final documents.
• Assists in quarterly and year-end audit process.
• Prepares and analyzes financial...

December 20, 2011 – CLEVELAND – Skoda Minotti, a CPA, business and financial advisory firm, is pleased to announce that Michael Trabert, CPA, CVA, CMAP, a partner with Skoda Minotti’s Transaction Advisory Services Group has recently earned the Chartered Merger & Acquisition Professional (CMAP) credential, awarded by the Middle Market Investment Banking Association (MMIBA) and endorsed by the National Association of Certified Valuation Analysts (NACVA).

MMIBA is an organization established to...

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...

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...

A business valuation is a just a business valuation – isn’t it? This would be akin to saying that a steak is just a steak when, in fact, there are ribeyes, strips, sirloins, and filets (just to name a few). Likewise, business valuations come in two distinct “flavors” – conclusions of value and calculations of value.

As of January 1, 2008, valuation analysts who hold either the Certified Valuation Analyst (CVA) credential supported by the National Association of Certified Valuation Analysts or...

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...

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,...

“Corporate Vigilance in Desperate Times” was the title of a presentation I made to a group of corporate controllers on behalf of the Ohio Society of Certified Public Accountants.

It’s hard not to pick up a newspaper these days and see dismal economic results. The next article discusses employee layoffs. “Happy Days Are Here Again” will not be heard on your car radio on the way home. And once home, chances are that you don’t want to look at your stock portfolio or 401k statement that came in the...

For an Ohio small business looking for additional funding to grow its employment force, the Small Business Linked Deposit Program may be an enticing option.

The program, which is run through the Ohio Treasurer, provides reduced rate loans to businesses that use the funds to create new, full-time jobs. One full-time equivalent job must be created or saved for every $50,000 requested. A maximum of $400,000 may be requested.

The loan is a two-year loan with a possible two-year renewal if all...