Cleveland Real Estate Accounting

You lead and manage an upstanding, recognizable company. You attract and retain the area’s upper third in the candidate pool. Your long-standing reputation is admirable. Your employees reflect the culture of your company; they are skilled in their field, versed in the industry and savvy in their corporate representation. Your marketing department has worked diligently over the years to build your brand, position the company and engage the community as a sought-after entity as one of the best...

Steps to Take Now That Your Personal Information Has Been Distributed

Today, many were awakening to learn that the City of Akron’s internal computer system was hacked by a group of Turkish radicals.  According to Ohio.com, 47,452 entries of personal information associated with income tax filings including names, addresses, social security numbers and even credit card information has been compromised.  The hackers have even gone so far as to post some of this “stolen” personal and private...

Merging entities together is nothing new.  Companies merge all of the time.  Government offices even merge every so often, with local governments having been known to share services or annex one another.  What about merging credentialed professionals into one?  That’s a little more unusual. 

It’s not very often that you see credentialing bodies consolidate or merge certifications, but this is just what the National Association of Certified Valuators and Analysts (“NACVA”) is doing with two of...

The quarterback of a football team must know the responsibility of every player on the field.  Although the quarterback may not have the required skills to block a blitzing linebacker or run a pass route, he needs to have a deep understanding of the roles of each of his teammates to ensure everyone is working together to execute the play effectively.  This can be quite a challenge with the increasing complexity of football schemes today.  Similarly, a valuation analyst, whose primary role is to...

This month's Special Delivery includes the following:

• Golden Opportunity for Small-Business Owners
• Tax Tactics: Giving IRA Funds to Charity
• Uncover Key Change for Roth 401(k)s
• Baseball's Long Season and Time Horizons for Investors
• Upcoming Event With Aurum Wealth Management Group
• Skoda Minotti Employee Obtains Advanced Global Business Designation

Golden Opportunity for Small-Business Owners

Are you contemplating purchasing new equipment or assets for your small business? It’s a good time for many...

Ohio has one of the most complicated municipal tax systems in the country. Each year at tax time, it’s a costly burden for taxpayers across the state, especially business owners who operate in multiple municipalities. The Municipal Tax Reform Coalition, a group of 25 organizations across the state, is working to change that.

The group is supporting HB 5, sponsored by Rep. Cheryl Grossman (R-Grove City) and Rep. Michael Henne (R-Clayton). The legislation will achieve the goals of any good tax...

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

• When a Purchaser Involves Both Cash and Stock, Buyer and Seller Beware
• Common Errors in Corporate Projections
• Skoda Minotti Speakers Series Event: Business Valuation in Exit Planning

When a Purchaser Involves Both Cash and Stock, Buyer and Seller Beware

There is risk on both sides of a transaction when a privately-held company is issuing shares as a component of deal consideration. There are competing interests that can...

Thanks for reading this six-part series of blogs aimed toward improving your ability to collect accounts receivable, authored by e2b teknologies . You can still sign up for the April 10th webinar entitled, “6 Steps to Developing a World Class Business Credit Policy & Collections Action Plan. You can sign up here.

Cash flow is the lifeblood of every business and slow paying customers can seriously affect it. There are four fundamental best practices that every business should implement to...

Over the next several weeks, we’re pleased to host a series of blogs authored by e2b teknologies aimed at improving your ability to collect accounts receivable. In addition, on April 10, e2b will be hosting a free live webinar entitled “6 Steps to Developing a World Class Business Credit Policy & Collections Action Plan. You can sign up here.

1. Send the invoice in a timely manner. If your customer doesn’t have the invoice it can’t get paid. Further, invoices that come months after the fact can...

What is Protected Health Information (PHI)?

According to the US Department of Health and Human Services, PHI is "any individually identifiable information, whether oral or recorded, in any form or medium" that:

• is created, or received by a health care provider, health plan or health care clearing house (aka Covered Entity); and
• relates to past, present, or future physical or mental health conditions of an individual; the provision of health care to the individual; or past, present, or future...

TAMPA, FL (April 2, 2013) – Rudy A. Mayoz, CPA, CGMA, senior tax associate with Skoda Minotti, has obtained his Chartered Global Management Accountant (CGMA) credential.  The Chartered Institute of Management Accountants (CIMA) and the American Institute of CPAs (AICPA) award the CGMA. Conditions for credentialing include passing the uniform CPA exam and meeting additional state-specific requirements, as well as management experience.
 

Management accountants specialize in driving performance...

When and why did HIPAA/HITECH Compliance start?

In 2006, President Clinton enacted the Health Insurance Portability & Accountability Act (HIPAA), after a growing public concern about how private health care information was being used.  In 2009, I'm sure you recall that President Obama signed the American Recovery and Reinvestment Act (otherwise known as the STIMULUS). Included in that legislation was the Health Information Technology for Economic and Clinical Health Act (“HITECH Act”), as a...

This month's IT Informer includes:

• Free Lunch Seminar: HIPAA Compliance - What Medical Practices & Their Business Associates Need to Know
• How Wireless Technology Makes Buildings More Efficient, Comfortable & Profitable
• Skoda Minotti Technology Partners Named to List of Top Managed Services

Free Lunch Seminar: HIPAA Compliance - What Medical Practices  & Their Business Associates Need to Know

Most medical practices are aware of the HIPAA and HITECH requirements that affect their organizations, and...

This month's Special Delivery Includes:

• Coping with the New 3.8% Medicare Surtax
• The Tax Verdict on Legal Fees
• IRS Postpones New Tax Rules for Repairs
• The Complex - Gold, Commodity Update
• How Wireless Technology Makes Buildings More Efficient, Comfortable and Profitable
• IRS Announces New Program for Misclassified Workers
• Skoda Minotti Employee Featured in Florida Institute of CPAs Publication

Coping with the New 3.8% Medicare Surtax

Some high-income investors face a “tax increase” this year that...

Over the next several weeks, we’re pleased to host a series of blogs authored by e2b teknologies aimed at improving your ability to collect accounts receivable. In addition, on April 10, e2b will be hosting a free live webinar entitled “6 Steps to Developing a World Class Business Credit Policy & Collections Action Plan. You can sign up here.

6 Tips for Getting Paid Faster & Avoiding Payment Objections

In most small businesses the person who is responsible for making collection calls is not a...

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

• Free E-Book: A Corporate Executive’s Roadmap to Fraud Prevention
• Digging For Treasure: How to Unearth Hidden Assets
• A Financial Expert’s Role in Alter-Ego Cases
• Skoda Minotti Speakers Series: Business Valuation in Exit Planning

Free E-Book: A Corporate Executive’s Roadmap to Fraud Prevention
Frank A. Suponcic, CPA, CFE, CFF

National statistics reflect that many employees, at all levels within a company, can...

Skoda Minotti Technology Partner employee, Brian Rosenfelt, CPA, was featured in this month's Properties Magazine, discussing how wireless automation systems make buildings greener, more efficient and more profitable.

Read an excerpt from the article below:

We live in a wireless world. In a few short years, the mobile computing revolution, driven by smart-phones and tablets, has changed the way so many of us communicate and transact business. The AEC industry is no exception.

Mobile computing helps...

Last week, the IRS provided guidance for transitional relief of late payment penalties due to the delayed publication of some IRS forms relating to the 2012 tax year.  As a result of the American Taxpayer Relief Act of 2012, which was signed into law on January 2, 2013, many tax forms were delayed. These delays may have affected the ability of some taxpayers to timely estimate and pay their 2012 tax liability when requesting an extension to file.

For each taxpayer who has requested or will...

Over the next several weeks, we’re pleased to host a series of blogs authored by e2b teknologies aimed at improving your ability to collect accounts receivable. In addition, on April 10, e2b will be hosting a free live webinar entitled “6 Steps to Developing a World Class Business Credit Policy & Collections Action Plan. You can sign up here.

As we all know, cash flow is the lifeblood of every business. Having sufficient cash can be the difference between success and failure and it is a concern that...

CLEVELAND, OH (March 21, 2013) – There’s nothing like an IRS audit to rattle the nerves of even the most honest small business owner, and the current employee vs. independent contractor classification tax code greatly increases those chances. The problem stems from what experts call a complicated definition of who should be classified as an independent contractor (self-employed) or an employee. When applied accurately, the independent contractor classification allows a small business owner to...