Open Mobile Navigation

NEWS

Read the latest accounting and business news
< PREVIOUS
20 of 62
NEXT >

News

tax
Important considerations when engaging in a like-kind exchange
7/18/2022
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on your gain through a “like-kind” or Section 1031 exchange. A...
READ MORE >
remote
Remote Auditing: A Brave New World
7/15/2022
The pandemic has presented numerous challenges for businesses, but it also taught us how to be resilient, cost-conscious and adaptable. Over the last few years, we’ve learned that remote working arrangements offer many benefits, including...
Includes insights from Matt D. Campanale
READ MORE >
ev
Interested in an EV? How to qualify for a powerful tax credit
7/12/2022
Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However, while they’re still a small percentage of the cars on the road today, they’re increasing in...
READ MORE >
auditor
Management Letters: Follow Up on Your Auditor’s Recommendations
7/12/2022
Maintaining the status quo in today’s volatile marketplace can be risky. To succeed, businesses need to “level up” by being proactive and adaptable. But some managers may be unsure where to start or they’re simply out of new...
Includes insights from Drew A. Bolog
READ MORE >
business
The tax obligations if your business closes its doors
7/11/2022
Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can assist you, including taking care of the various tax responsibilities that must be met. Of course, a business must...
READ MORE >
time
Last call for lease accounting
7/8/2022
The updated lease accounting standard is currently in effect for private companies. After several postponements during the pandemic, the Financial Accounting Standards Board (FASB) voted unanimously to move forward with the changes. That means...
READ MORE >
disability
How disability income benefits are taxed
7/5/2022
If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who paid for the benefit? If the income is paid directly to you by your employer, it’s taxable to...
READ MORE >
merger
How do taxes factor into an M&A transaction?
7/4/2022
Although merger and acquisition activity has been down in 2022, according to various reports, there are still companies being bought and sold. If your business is considering merging with or acquiring another business, it’s important to...
READ MORE >
independence
Paying tribute to auditor independence
7/1/2022
In the spirit of Independence Day, it’s a good time to review the rules for auditor independence. If you discover potential issues now, there’s still plenty of time to take corrective action before next year’s audit...
READ MORE >
mileage
Vehicle expenses: Can individual taxpayers deduct them?
6/28/2022
It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also can deduct them in certain circumstances. Unfortunately, under current law, you may not be able to deduct as much as you could years...
READ MORE >
Q3
2022 Q3 tax calendar: Key deadlines for businesses and other employers
6/27/2022
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to...
READ MORE >
415 Group Awarded a Northeast Ohio Top Workplaces 2022 Honor
415 Group Awarded a Northeast Ohio Top Workplaces 2022 Honor
6/27/2022
Canton, Ohio, June 26, 2022 - 415 Group, a certified public accounting, business consulting and IT services firm, has received its fifth Top Workplaces award by cleveland.com and The Plain Dealer. “We are incredibly...
READ MORE >
Image representing 415 Group Adds 9 Team Members to Firm & New Division
415 Group Adds 9 Team Members to Firm & New Division
6/24/2022
415 Group, a leading accounting firm that for 40 years has been helping Northeast Ohio companies grow their businesses, announced nine new hires today. Both the accounting and IT departments added three team members, and 415 Access—the...
READ MORE >
risks
Consider stress testing to lower risks
6/24/2022
The pandemic and the ensuing economic turmoil have put tremendous stress on businesses. Many companies that appeared healthy on the surface, on their financial statements, quickly realized that they weren’t prepared for the unexpected. A...
READ MORE >
mileage
Businesses will soon be able to deduct more under the standard mileage rate
6/23/2022
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The average nationwide price of a gallon of unleaded regular gas on June 17 was $5, compared with $3.08 a year earlier, according to the...
READ MORE >
divorce
Five tax implications of divorce
6/21/2022
Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are...
READ MORE >
stock
Warning for retailers and other businesses using the LIFO method
6/17/2022
Recent supply shortages may cause unexpected problems for some businesses that use the last-in, first-out (LIFO) method for their inventory. Here’s an overview of what’s happening so you won’t be blindsided by the effects of...
READ MORE >
estate
Your estate plan: Don’t forget about income tax planning
6/14/2022
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. Now, because...
READ MORE >
mileage
Standard business mileage rate will increase for the second half of 2022
6/14/2022
The IRS recently announced that it’ll increase the standard mileage rate for qualified business driving for the second half of 2022. The adjustment reflects the soaring cost of gasoline this year. In fact, as of June 13, the nationwide average...
READ MORE >
calculator
Is your corporation eligible for the dividends-received deduction?
6/13/2022
There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed to reduce or eliminate an extra level of tax on dividends received by a corporation. As a...
READ MORE >
< PREVIOUS
20 of 62
NEXT >
© 2025 All rights reserved.