Ohio Corporate Taxes

October 3, 2012 – CLEVELAND – Skoda Minotti Technology Partners is pleased to announce an educational panel discussion and lunch event, entitled, ”All Cloud Storage is Not Created Equal – How your Business Can Benefit From a Private Cloud.”  The event will occur on Thursday, Nov. 1, from 11:15 a.m. to 1:30 p.m. at Moxie the Restaurant in Beachwood.

Topics to be discussed:

• What is a private cloud?
• What are the benefits of a private cloud vs. a public cloud?
• How can a private cloud address typical...

This issue of Tax Advisory Insights includes the following articles:

• New Ohio Incentive Coming Soon - Ohio Incumbent Workforce Training Voucher Program
• InvestOhio Tax Credit - New Changes Effective September 28, 2012
• Expiring Bush Tax Cuts: What the "Fiscal Cliff" Means to You and Your Family
• What is "Reasonable Compensation?"
• The FAFSA Friendly 529 Plan

New Ohio Incentive Coming Soon - Ohio Incumbent Workforce Training Voucher Program

Ohio has recently allocated $50 million to a new training program...

On September 7, 2012, the United States Court of Appeals for the Sixth Circuit ruled in favor of the taxpayer regarding severance payments made to former employees – these are not wages for FICA tax purposes and thus, are except from FICA tax.  The Sixth Circuit has jurisdiction over Ohio, Kentucky, Michigan, and Tennessee.

Many companies who have downsized have provided severance payments to former employees.  Traditional supplemental unemployment benefit payments ("SUB pay") are not classified...

September 20, 2012 – CLEVELAND - Skoda Minotti, a CPA, business and financial advisory firm, was recently recognized as one of the nation’s top accounting firms to work for, as reported by Accounting Today. 

Accounting firms from across the country entered the two-part survey process to determine the “Best Accounting Firms to Work for.” The first part consisted of evaluating each nominated firm's workplace policies, practices, philosophy, systems and demographics. The second part consisted of an...

Skoda Minotti Named to INSIDE Public Accounting’s Top 200 Accounting Firms List

September 13, 2012 – CLEVELAND – Skoda Minotti, A CPA, business and financial advisory firm, was recently recognized as one of the nation’s top 200 accounting firms, as reported by INSIDE Public Accounting (IPA).  This will be Skoda Minotti’s third consecutive year appearing on the list.

As part of its goal to provide the accounting industry with timely updates and trends for more than 20 years, IPA has compiled the...

September 12, 2012 – CLEVELAND – Skoda Minotti, a CPA, business and financial advisory firm, has been named a NorthCoast 99 award winner for the seventh consecutive year. Selected by the Employer’s Resource Council (ERC), Skoda Minotti is one of 99 winners that are being honored for excellence in attracting, motivating, and retaining top performers.

“We’re honored to, once again, be named a winner of this award,” said Skoda Minotti chairman, Gregory Skoda, CPA. “At Skoda Minotti, we believe that...

Skoda Minotti has acquired Tampa based CPA firm, Baumann, Raymondo & Company PA

September 4, 2012 – CLEVELAND – Ohio regional business advisory firm, Skoda Minotti has completed the acquisition of Baumann, Raymondo & Company PA, a CPA firm located in Tampa, Florida.

Baumann Raymondo has been providing accounting, tax and consulting services to the central Florida region since its founding in 1978.

“We saw the Tampa market as a perfect fit to continue the growth of our firm,” said Skoda Minotti...

July 27, 2012 – CLEVELAND – Skoda Minotti, a CPA business and financial advisory firm, is proud to announce that partner, Ken Haffey, CPA, CVA was recently elected as a member of the Ohio Society of CPAs (OSCPA) Executive Board.

Haffey’s responsibilities will include recruiting and retaining top talent for the profession, training firms’ leaders and developing workable succession plans for retiring sole practioners.

Haffey has spent over 20 years advising and providing services to a wide range of...

July 16, 2012 – CLEVELAND – Skoda Minotti, a CPA, business and financial advisory firm with offices in Cleveland and Akron, has merged Cleveland tax firm, Gerald M. Appel, CPA, Inc. into the firm. Through this merger, Gerald Appel and his team join the firm’s tax planning and preparation department.

Appel’s firm specialized in catering to companies in the healthcare, manufacturing and real estate and construction industries.

“Jerry’s significant industry experience will undoubtedly complement our...

July 9, 2012 – CLEVELAND – Skoda Minotti, a CPA business and financial advisory firm, is proud to announce that Jenna Staton, manager of tax planning and preparation services, recently obtained the IRS’ Enrolled Agent credential.  With this status, Staton joins an elite group of individuals who have earned the privilege of representing taxpayers before the Internal Revenue Service.

Enrolled Agent status is the highest credential of IRS awards.  Staton obtained this honor by passing a...

June 26, 2012 – CLEVELAND – Skoda Minotti, a CPA business and financial advisory firm, is proud to announce that Brian Rosenfelt, CPA was recently accepted into the Cleveland Bridge Builders Class of 2013 program. This program, within the Cleveland Leadership Center, develops rising leaders for our community’s future by providing leadership training and encouraging communication between emerging leaders and established leaders in the Cleveland area.

Participants of the program work on a...

June 12, 2012 – CLEVELAND – Cleveland-based CPA, business and financial advisory firm, Skoda Minotti is pleased to announce its Strategic Marketing group is now a HubSpot Certified Partner Agency.

As a Certified Partner Agency, Skoda Minotti Strategic Marketing is qualified to guide clients through the complete inbound marketing process utilizing the HubSpot software.

Skoda Minotti Strategic Marketing practices a five-step inbound marketing process to help clients attract and convert...

May 31, 2012 – CLEVELAND – Skoda Minotti, a CPA business and financial advisory firm, is proud to announce that Rich Hudak, MCP and Mark Magovich, MCSE, CCA, of the Technology Partners group, have recently obtained the Microsoft Certified Technology Specialist (MCTS): Windows 7 and Office 2010, Deployment certification.

With this status, Hudak and Magovich have validated that they are capable of implementing, building, troubleshooting and debugging Windows 7 and Office 2010 technology.

For more...

May 30, 2012 – CLEVELAND – Skoda Minotti is pleased to announce the acquisition of information technology firm, Quantam Network Services, to the Skoda Minotti Technology Partners services group.  As part of the acquisition, Tom Horton, MCP joins the firm as client network engineer, Level III.

Horton’s experience with Quantam Network includes a strong background in Citrix, as well as providing services that include network design and implementation, network security architecture and...

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached. That's where financial planning comes in. Financial planning is a process that can help you reach your goals by evaluating your whole financial picture, then outlining strategies that are tailored to your individual needs and available resources.

Why is financial planning important?

A comprehensive...

May 18, 2012 – CLEVELAND – Skoda Minotti is pleased to announce the acquisition of information technology firm, PBnJ Solutions to its Technology Partners services group. As part of the acquisition, Paul Winkeler, CISSP joins the firm as principal.

Winkeler’s experience with PBnJ Solutions includes management services, telecommunications and data protection.  His skill set complements and expands the Technology Partners’ existing services offerings, as he brings on an assortment of...

All Ohio businesses should be aware of several tax programs that are currently underway that may be of benefit to you depending on your current tax situation.

General Tax Amnesty Program

As you may remember from a past column, for the first time in six years, the state of Ohio is making a general tax amnesty program available for a very limited window. The time to take advantage of that window is now.

The program began on May 1 and runs through June 15, so you will need to act quickly.

The amnesty...

May 1, 2012 – CLEVELAND – Skoda Minotti, a CPA business and financial advisory firm, was recently recognized for having one of the “Best Accounting Firm Taglines” as reported by Accounting Today magazine’s website.

The firm’s “Delivering on the Promise.” tagline was launched in 2007 by Skoda Minotti’s Strategic Marketing group, and has publicly become a promise that speaks to the firm’s four core audiences.

“Delivering on the promise is a daily reminder to our clients, business contacts, employees...

Starting the week of April 9th, the State of Ohio began sending emails to all InvestOhio applicants that had applied for the InvestOhio credit with an investment date that had passed. The email was to inform applicants that the substantiation procedures were available to substantiate any cash investments that had occurred to date. Applicants were informed to logon to his/her respective Ohio Business Gateway (OBG) account and complete the substantiation process.  Below we have included...

April 23, 2012 – CLEVELAND – Skoda Minotti, a CPA, business and financial advisory firm, is proud to announce that Gregory Skoda, Jr. recently earned the Certified Information Systems Auditor (CISA) designation, through Information Systems Audit and Control Association (ISACA).

With this designation, Skoda joins a group of world renowned professionals who audit, control, monitor and assess an organization’s information technology and business systems.

The CISA designation was created for...