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New Accounting Alternative for Private Company Business Acquisitions

December 30, 2014 Client Advisor

On December 23, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards update No. 2014-18, Accounting for Identifiable Intangible Assets in a Business Combination. Previous U.S. GAAP regulations mandated that the acquirer of a business must identify and. Read More >>

President Signs Tax Extenders Bill; Business and Individual Provisions Reinstated

  On December 19, 2014, President Obama signed into law H.R. 5771, the Tax Increase Prevention Act of 2014. As mentioned in our December 17th summary article, The Act is retroactive to January 1, 2014. It provides temporary tax. Read More >>

Tax Breaks Likely to be Extended Temporarily Through December 31, 2014

  On December 3, 2014, the House of Representatives voted 378 to 46 to pass H.R. 5771, the Tax Increase Prevention Act of 2014.  The Senate voted yesterday, December 16, 2014, to pass it. The bill will now be. Read More >>

Ohio Employers Incur Additional Unemployment Tax

  2014 FUTA Credit Reduction States Released The Department of Labor (DOL) has announced the final list of states with an outstanding balance under Title XII of the Social Security Act, which affects the FUTA tax rate credits for. Read More >>

New E-Filing Requirement for Ohio Employers and School Districts

December 17, 2014 Tax Advisor

  Effective January 1, 2015, Employer and School District Withholding Tax Payments Must be Made Online On November 13, 2014, Ohio finalized a tax regulation requiring all employer and school district withholding tax payments to be made through the. Read More >>

Year-End Tax Planning: Things to Consider Prior to Year End

December 5, 2014 Tax Advisor

As  year-end approaches, it is a good time to consider any tax planning strategies you can make to minimize your taxes – on both your 2014 and future years’ returns.  We have outlined some approaches you can make both. Read More >>

Libman, Goldstine, Kopperman & Wolf Joins Bober Markey Fedorovich

AKRON, OH – October 28 – Effective November 1, 2014, Libman, Goldstine, Kopperman & Wolf, a downtown Cleveland-based CPA firm, will merge with Bober Markey Fedorovich, one of Northeast Ohio’s largest regional accounting firms. “The merger enhances our client. Read More >>

The Tangible Personal Property Regulations: Opportunities in Property Improvements and Repairs and Maintenance

  In late fall of last year, the Internal Revenue Service released the highly anticipated final regulations regarding tangible personal property. The final regulations provide a myriad of new rules for many taxpayers that became effective Jan. 1 of. Read More >>

Management Strategies: Pull the Right Levers for Smart Growth

According to Industry Week’s “2013 Year-End U.S. Manufacturing Outlook Study,” manufacturers are generally optimistic about their growth prospects. Bloomberg reports that manufacturing in the U.S. is expanding at a faster rate and making a bigger contribution to the U.S.. Read More >>

Succession Planning: Build Value into Your Company

The construction industry is notoriously cyclical — boom-and-bust patterns seem to repeat at regular intervals. As they look back over the latest cycle, many experienced contractors are deciding they don’t want to struggle through another downturn in five or. Read More >>