Cleveland Construction Accounting

This month's issue of Valuation & Litigation Advisory Insights includes the following articles:

• Reality TV and Related-Party Transactions in Litigious Valuation Engagements
• Boltar Illustrates the Dangers of Expert Advocacy
• Poking Holes in Your Damages Case

Reality TV and Related-Party Transactions in Litigious Valuation Engagements
By Sean R. Saari, CPA/ABV, CVA, MBA

My wife loves “reality” TV shows - Big Brother, Survivor, The Bachelor, The Apprentice, pretty much any show on Bravo, and the list goes...

Captive insurance companies are often owned by a large sophisticated financial entity, because there are minimum net worth and other regulatory requirements.  In many cases, the regulatory authority will accept a letter of credit in lieu of an actual cash investment for the initial capital requirements of the captive.  This results in “GAAP exception” financial reporting but is perfectly acceptable to the regulator.

Normally, single sponsor captives are wholly-owned subsidiaries and are included...

Note: Click here to view the new Skoda Minotti Strategic Marketing website.

So after admiring the Skoda Minotti brand all these years, you may be asking yourself “Hey, what’s with the blue? “Isn’t your brand color green?”

Great question and the answer is: Yes…until now. 

Skoda Minotti, like all growing companies, is evolving and as we evolve our brand needs to evolve with us.  Although you may know Skoda Minotti more as a CPA firm, we really are a business advisory firm, offering such services as IT...

This month's Special Delivery e-newsletter includes:

• New Marketing Website Coming Soon, New E-Book Available Now
• Recent Developments That May Affect Your Tax Situation
• Alternative Minimum Tax: Now It's Personal
• How to Maximize Estate-tax Exemptions
• How to Swing a Like-kind Exchange
• A Quick Guide to Quickbooks in the Cloud
• Join the 123 College Facebook Page

New Marketing Website Coming Soon, New E-Book Available Now

Keep an eye on your inbox, because in just a few days, we'll be announcing the launch of...

This month's issue of IT Informer includes the following articles:

• Happy Holidays from Skoda Minotti!
• The Tablet Revolution and Why it Matters to Your Small Business's Technology Plan
• Five Common Ways Your Employees Put Your Company's Data at Risk Using Mobile Devices
• We've Expanded Our Helpdesk to Support Your Technology Needs
• Skoda Minotti's Brian Rosenfelt Listed as COSE Mindspring Expert
• 3CX Phone System Case Study

Happy Holidays from Skoda Minotti! 

We would like to wish you and your family...

This month's issue of IT Informer includes the following articles:

• Are You Letting Your Corporate Data Leak at Starbucks?
• Floods in Thailand, Hard Drive Shortage Will Impact Small- and Mid-Sized Businesses
• Enhanced Backup & Disaster Recovery Services Available to Clients

We all like Starbucks (well, most of us, anyway).  Personally, I’m a Venti Skim 3 Equal Latte kind of guy.  And, along with that Latte, if I find myself in between meetings or...

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 a...

If you own real estate, a cost segregation study is one of the best tools to help you reduce taxes and improve cash flow. Although a cost segregation study will not provide additional tax deductions, it will enable the taxpayer to accelerate a portion of the depreciation on the building. Cost segregation is the process of breaking out a portion of a building’s cost that can be depreciated quicker than the standard life of 39 years.

Where should a property owner start when considering a...

The 3 percent withholding provision for contractors, which was scheduled to take effect on January 1, 2013, cleared its first hurdle for permanent elimination.  On October 13, 2011, The House Ways and Means Committee overwhelmingly supported the repeal of the withholding provision and passed the measure.  Leaders from the House of Representatives have said the repeal of the bill will get a floor vote by the end of October.  Repealing the measure has been widely supported by contractors and...

“Go Green!”  There is a big push in our office to work in an environmentally-friendly manner – from turning out the lights after leaving an area, to recycling pop cans, to our Real Estate and Construction niche group members obtaining Green Advantage Commercial/Residential (GACR) certifications.  Regardless of whether global warming is a real or make-believe phenomenon, the concept of making more efficient use of the resources that we currently have will only continue to grow as the world’s...

Growing your business is a big job, and you can’t do it yourself.

In order to successfully grow, you need to have a dedicated team of advisors who are working together to identify the issues your business faces and develop a comprehensive plan to move it forward.

Any business executive, regardless of the age or size of the company, should make sure that an appropriate team of professionals is in place to serve on an advisory board. That includes an attorney, a CPA, a financial advisor or planner,...

The 2011 edition of our Survey of Northeast Ohio's Construction and Real Estate Industries seems to be pointing to a brighter future for many of those in the construction industry. Survey respondents are more confident about opportunities in the Northeast Ohio market, have seen increasing job sizes and are finding financing somewhat easier to come by. While there were many positives in this year’s survey, competition is still keeping margins very tight and obtaining bonding remains a concern.

Oppo...

While the 2011 Survey of Northeast Ohio's Construction and Real Estate Industries has shown some positive signs in terms of financing in the real estate realm, it is still one of the major concerns revealed in this year’s survey. Additionally, many respondents are feeling the cash flow pressures created by vacancies and a lack of demand. Despite these difficulties, respondents are more confident now than at any other time since the start of our survey that there will be more real...

Summary of Responsibilities:

Under the general direction of the Manager of Client Network Engineering, helps clients achieve optimum use of their computer networks by performing needs analysis, procurement support, installation, training and problem resolution for the local and wide area networks.  Responsible for configuration, operation, and administration of network server hardware, operating systems and communications links. Defines and implements solutions to integrate desktop and shared...

Skoda Minotti has been recognized by Inc. Magazine, CPA Digest and Case Western Reserve University's Weatherhead School of Management as one of the most outstanding and fastest growing privately held companies in the United States, and awarded the North Coast 99 as one of the best places to work in the Northeast Ohio. The driving force that differentiates us at Skoda Minotti is a passion for helping our clients achieve their goals by providing them with an unprecedented level of service and...

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...

Although Northeast Ohio’s construction industry is struggling, some construction companies are still succeeding.

Those that are doing so are taking a hard look at what they do and how they do it to stand out from the crowd and give themselves a competitive advantage. You need to examine your current scope of work and determine your strengths to help maximize your bottom line.

What can contractors do to grow their business in the current market?

The most important thing is to look at the scope of...

September 1, 2011 – CLEVELAND – Skoda Minotti, a CPA, business and financial advisory firm, announced today that it has been named a NorthCoast 99 award winner for the sixth consecutive year. Selected by the Employer’s Resource Council (ERC), Skoda Minotti is one of 99 winners that are being honored for their excellence in attracting, motivating and retaining top performers.

“We are proud to have created the type of environment for our employees that has been recognized by this prestigious award...

This quarterly Not-For-Profit Standard includes the following articles:

• Buyer Beware Alternative Investment Compliance and Tax Issues
• State Tax Liability for all Alternative Investments
• Nonprofit Board Members Paid or Volunteer
• Incentives and Disincentives for Contributions
• Issues in Charitable Giving
• FASB ASU 2011-04 and its Effects on Nonprofit Organizations
• 2011 OMB Circular A-133 Compliance Supplement Issued
• IRS Targeting Fringe Benefits for Intermediate Sanctions
• Gifts of Property and Forms...