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Finding the Value of a Noncompete Agreement

August 23, 2016 Valuation

Noncompete agreements help businesses retain valuable employees, safeguard inside information and prevent unfair competition. But although they’re designed to protect companies, they can also put them at great risk if they’re not properly structured and maintained. It can be. Read More >>

Retirement Plan Contributions: Timing is Everything

The U.S. Department of Labor (DOL) has a specific definition for “timely” remittance of employee contributions: “the earliest date that is reasonably possible to segregate the contributions from the employer’s general assets, but no later than the 15th business. Read More >>

New Proposed Regulations Impact Valuation Discounts for Transfers of Family-Owned Businesses

  Last week the Internal Revenue Service (IRS) released proposed regulations under Internal Revenue Code Section 2704 (Section 2704) that impact the valuation of interests in closely held businesses for estate and gift tax purposes. As mentioned in our. Read More >>

Nonprofit Fundraising: 5 Ways to Account for Promises to Give

July 27, 2016 “Promises are like crying babies in a theater, they should be carried out at once.”  – Norman Vincent Peale Ah, if it was only so easy. In the world of nonprofit fundraising, much-needed support often comes. Read More >>

Theodore Wagner Selected to Leadership Cleveland

AKRON, OH – July 18, 2016 – Theodore “Tod” Wagner, managing partner of the Cleveland office of regional accounting and business advisory firm Bober Markey Fedorovich (BMF), was selected as a member of Leadership Cleveland, Class of 2017. Leadership. Read More >>

Tax Free Shopping for Back-to-School

July 14, 2016 The Ohio Department of Taxation announced that the 2016 Sales Tax Holiday will start on Friday, August 5, 2016 and end on Sunday, August 7, 2016 at midnight.  During the holiday the following items will be. Read More >>

It’s Time to “True-Up” with Ohio BWC

July 13, 2016 Now that the first fiscal year under prospective billing has ended, payroll true-up reports are due no later than August 15, 2016. Prospective Billing became effective July 1, 2015, for private employers. With this transition, the. Read More >>

Construction Success Story: Contractor tired of being stonewalled on final payments

There’s nary a construction company in business that hasn’t had difficulty collecting monies owed for a project. In many instances, a contractor may be tempted to write off the bad debt, rather than spend time and effort trying to. Read More >>

Employee vs. Independent Contractor: Make sure you get it right

June 21, 2016 Classification of workers as either employees or independent contractors has become a heated issue. One reason is the growth of companies like Uber and Handy, which rely on networks of workers the companies say are independent. Read More >>

DOL’s final overtime rule brings sweeping changes

May 31, 2016 The U.S. Department of Labor (DOL) has released a final rule, effective December 1, 2016, that makes dramatic changes to the determination of which executive, administrative and professional employees — otherwise known as “white-collar workers” —. Read More >>