Featured Job Opportunity: Director of Human Resources

Skoda Minotti is currently searching for a Director of Human Resources.

The position is responsible for managing, supporting and assessing organizational needs to foster an environment that maximizes staff personal and professional growth.  This includes designing and implementing staff professional development programs, managing recruiting activities, designing and maintaining staff performance management and performance improvement programs. The Director of Human Resources participates in the...

Read More »
0 Comments »

Aurum Wealth Managment Adds New Partner Manager

Aurum Wealth Management is pleased to announce the addition of Wendy Eldridge as a partner in the firm’s retirement plan practice.

Eldridge specializes in working with 401(k), 403(b), 457, defined benefit and non-qualified plans. She assists clients with every aspect of their plan, including negotiating plan fees, investment options, compliance testing, Form 5500, audits and the day-to-day administrative management of the plan.

“With Wendy’s extensive experience, passion and knowledge in...

Read More »
0 Comments »

Supreme Court Shuts Down Potential 2010 Employment Tax Refund Opportunity

In an update to my earlier blog, “Learn How You May Qualify for an Additional Tax Refund from 2010,” I referenced the case of U.S. v. Quality Stores, 693 F.3d 605 (6th Cir, 2012), in which an employer fired 3,100 employees, paid them severance benefits and argued that these benefits were not subject to FICA taxation. 

The Sixth Circuit Court of Appeals held that these types of payments were similar to supplemental unemployment compensation benefit payments (also known as “SUB” payments), which...

Read More »
0 Comments »

What's WhatsApp Worth?

Like many other finance professionals, the recent news of Facebook’s $19 billion acquisition of WhatsApp had me wondering, how can Facebook justify such an exorbitant purchase price?  In the valuation world, we often get caught up trying to justify the purchase price with complex math and fancy sounding terms like revenue enhancement, monetization, and synergy.

But as I read the commentary on the acquisition, I found that the application of any traditional valuation method to justify the $19...

Read More »
0 Comments »

ACA Update: Keeping Your Current Health Insurance? It May Cost You Benefits

Beginning January 1, 2014, the health insurance mandate provision of the Patient Protection and Affordable Care Act (ACA) took effect. As you’ve read in our recent blogs, this provision requires most U.S. citizens and legal residents to have minimum essential health coverage or pay a penalty fee.

If you already have health insurance, you may have the option of keeping it or opting for a new plan. That's because the ACA includes provisions for grandfathering health insurance plans in existence on...

Read More »
0 Comments »

Lessons Learned: 3 Changes Affecting the Financial Landscape of a College Education

What's New in the World of Higher Education? If you follow my recent blogs about higher education, you know the answer is “plenty.” Whether you have a son or daughter just beginning the college planning process, you are in college or considering returning, or are in repayment, the financial choices you make today will affect you for years. We’re up-to-date and always informed of the changes affecting higher education. Here are a few of more pressing issues:

Costs for 2013-2014

Question: What goes...

Read More »
0 Comments »

What Baseball Can Teach You About Financial Planning

Spring training and opening day are traditions that baseball teams and baseball fans look forward to every year. No matter how they did last year, teams in spring training are full of hope that a new season will bring a fresh start. As this year's baseball season gets under way, here are a few lessons from America's pastime that might help you reevaluate your finances.

 

Sometimes you need to proceed one base at a time

There's nothing like seeing a home run light up the scoreboard, but games are...

Read More »
0 Comments »

Skoda Minotti Named One of the Top 100 Firms in the Country

Skoda Minotti, a CPA, business and financial advisory firm headquartered in Cleveland, Ohio, announced it has been named to Accounting Today’s list of Top 100 firms nationwide. The $40M firm was ranked #80 nationally and landed in the top spot for growth of firms with revenues under $100M and second in the combined (over/under $100M revenue) growth category. The firm is also #14 in the Great Lakes region (Illinois, Indiana, Michigan, Ohio and Wisconsin). This is the first year the diverse firm...

Read More »
0 Comments »

Selling Your Business: 5 Reasons Why You Need an Expert Valuation

In my last blog, "Why Net Working Capital Must be Considered in Transactions," we looked at the potential purchase or sale of a business. Today, we'll focus on the selling side. Selling a company can be a daunting task for a small business owner.  With countless legal experts, consultants, bankers and accountants from which to choose, a small business owner may be asking, “What services do I need and who should I hire?”

One very important and often overlooked step in the process of selling a...

Read More »
0 Comments »

Robert Coode Named 2014 Cleveland Five Star Wealth Manager

Skoda Minotti, a national CPA, financial and business advisory firm headquartered in Cleveland, Ohio, announced Financial Services Principal Robert Coode has been named a 2014 Cleveland Five Star Wealth Manager from Five Star Professional Magazine.

The Five Star program is the largest and most widely published financial services award program in North America. Award candidates who satisfied 10 objective eligibility and evaluation criteria determine the Five Star Wealth Managers in more than 40...

Read More »
0 Comments »