Navigating the Digital Frontier: The Crucial Role of Vendor Risk Management
In today’s fast-paced and hyperconnected business landscape, organizations rely heavily on outsourcing responsibilities to third-party vendors to streamline operations and meet customer demands. While third-party vendors offer remarkable advantages, they also come with a host
Year End is Quickly Approaching…. Are you Prepared?
Fall is here. The trees are changing colors. Now is the perfect time to start working on your year-end tax planning. We have put together a quick list of items that you can consider to
Potential AI Risks the Professional Service Industry Will Have to Reckon With?
The term “artificial intelligence” has been around for over 50 years; however, it has gained more popularity now than ever before thanks to the release of OpenAI’s ChatGPT. ChatGPT is an advanced chatbot that can
Update on the M&A Industry
In 2021 and 2022 the mergers – and – acquisitions market experienced tremendous activity with sellers experiencing record high multiples for their businesses while at the same time, experiencing higher than normal bottom lines from
Nonprofit Organization Tax Filings: Building the Accounting System to Capture the Right Information
It is not uncommon to see Section 501(c)(3) nonprofit organizations, especially smaller 501(c)(3) nonprofits, not have in place the elements needed within their accounting systems to track various items needed to comply with their tax
Environmental, Social and Governance (ESG) Advisory
In his annual “Letter to CEOs”, Larry Fink, Chairman and CEO of BlackRock, declared that consideration of climate risk is sparking a fundamental reallocation of capital and called on all companies in which BlackRock invests
Latest Guidance on the Single Audit Requirements for Recipients of HHS Provider Relief Funds
On July 15, 2021, HHS released new guidance on the Single Audit requirements for recipients of HHS Provider Relief Funds. Provider Relief Fund expenditures and/or lost revenues will be excluded from the scope of single
Tax Changes from Ohio’s FY 2022-23 Budget Bill
On June 30, 2021, Governor DeWine signed House Bill 110 into law. This bill covers Ohio’s budget for the next two years and contains multiple changes to Ohio taxes, from a reduction to personal income
Switching jobs in a remote work environment
Switching jobs during a global pandemic may seem like a bold move. Switching employers always carries a certain amount of uncertainty, let alone when the entire world seems to be in a state of uncertainty.
FreshBooks and QuickBooks Online: Software considerations for your small business
If you have a small business and have started looking into online accounting software solutions, you’ve probably come across FreshBooks and QuickBooks Online since they are the two most popular web-based accounting solutions for small
Studying for the CPA Exam While Working Full Time
I think we can all agree that studying for the CPA exam is exhausting enough on its own. Adding this to a full 40-hour work week can seem like a punishment…and studying during busy season
Local Income Tax
Have you been working from home since the pandemic officially arrived in March 2020? Do you live in a non-taxing city or village? Maybe you live in a city that doesn’t offer a full tax
