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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 >>

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 >>

Management Strategies: The Right Way to Structure a Bonus Plan

March 1, 2016 Payroll is one of the largest, if not the largest, expense for many closely held businesses. But many owners don’t view compensation through a strategic lens. This is especially true when it comes to paying employee bonuses.. Read More >>

Long Awaited Lease Accounting Standard Issued by FASB

February 26, 2016 Client Advisor

February 26, 2016 After a more than a decade in the evaluation of new lease accounting rules, the Financial Accounting Standards Board (FASB) has finally issued the new lease accounting standard that will create dramatic changes to most companies’. Read More >>

Exit Planning Strategies: Is an ESOP Right for You and Your Employees?

January 12, 2016 Client Advisor

Tuesday, January 12, 2016 When planning your business exit strategy, one of the first things to do is decide who will succeed you. For example, you can sell the business to an outside buyer, pass it on to family. Read More >>

FASB Simplifies Balance Sheet Classification of Deferred Taxes; Debt Covenants May Be Affected

November 30, 2015 Client Advisor

December 1, 2015 The FASB has issued a rather significant update to improve upon the balance sheet presentation of deferred taxes. Upon adoption, deferred tax assets or liabilities will be presented on one line item as non-current assets or. Read More >>

FASB Moving Forward with Finalizing Leasing Standards

November 12, 2015 Client Advisor

It’s just about official! Leases are going to be on the balance sheet effective 2019 for public companies and 2020 for private companies. After a vote on Wednesday, November 11th, the Financial Accounting Standards Board (FASB) will finally publish,. Read More >>

BWC Transitions to Prospective Billing for Private Employers

July 17, 2015 The Ohio Bureau of Workers Compensation (BWC) is transitioning to a prospective billing cycle effective with the start of their new fiscal year July 1, 2015.  “Prospective billing” is an insurance industry standard practice that will. Read More >>

Is Your Business Healthy?

As a business owner, your goal is to nurture and grow a successful company. But maybe your goal should be aiming for a successful and healthy company; because unfortunately, “successful” doesn’t always equal “healthy.” Yes, a successful business is. Read More >>