August 02, 2010
Like the national economy the construction industry at mid-year is at a stage of moving somewhat laterally, trying to find a direction.
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July 21, 2010
Can Europe's problems slow construction in the United States?
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March 30, 2010
Late last month a Michigan Federal District Court ruled that severance payments that were not connected to the receipt of state unemployment benefits and that were partially paid in a lump sum were not wages subject to Social Security and Medicare tax.
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March 22, 2010
On March 18th, President Obama signed the Hiring Incentives to Restore Employment (HIRE) Act (aka, the Jobs Bill), into law.
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January 29, 2010
The IRS announced on January 26, 2010 (Announcement 2010-9) it is proposing that business taxpayers report their uncertain tax positions.
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November 19, 2009
The end of 2009 brings down the curtain on the most recent seven-year business cycle with a resounding thud.
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September 28, 2009
The FASB has updated the accounting standards to a new accounting codification and we have a quick reference guide to help understand the new codification.
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July 07, 2009
Does Good News/Bad News Mean a Construction Recession Bottom Is In Sight?
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June 02, 2009
Recently, the IRS issued inflation-adjusted contribution limitations into health savings accounts (HSAs) for calendar year 2010.
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May 19, 2009
Many small companies do not have a full force of resources dedicated to collecting accounts receivable. Here are a few simple guidelines for maximizing collections in difficult times...
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May 19, 2009
Often times performing accounting research can feel like a daunting task and leafing through the myriads of information can result in an individual inadvertently relying on one piece of literature when another standard maybe be more relevant.
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May 05, 2009
Often the tightening begins fairly painlessly, but as it progresses many business owners are finding themselves under so much
pressure they can barely run their business. When an owner finds him or herself in this situation, what options to they have?
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April 28, 2009
Winter’s gloom continues to settle in on the non-residential construction market nationally. Compounding the financial issues, widespread downsizing has elevated unemployment to levels not seen since the early 1980’s, further suppressing demand.
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March 23, 2009
This is a crucial time to be concerned and watchful of your employees. It has been shown that the temptation to commit fraud becomes much greater in more troubled economic times.
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March 23, 2009
As the economy continues to slide, more and more people are considering whether to pull money out of their retirement plans. Before you take the steps towards pulling out your money, the following are some things that should be considered.
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March 23, 2009
In September, an Ohio appellate court ruled in Ohio Grocers Assn v. Wilkins, the Ohio Commercial Activity Tax (CAT) is unconstitutional as applied to wholesalers and retailers of food items for human consumption off premises.
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March 09, 2009
We’ve heard your leaders are leaving your company. Would it set you on edge to hear that from a stranger? Worse yet, a recruiter? Is your business prepared for the loss of leadership that will come as baby boomers retire?
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February 23, 2009
Process isn’t just for the accounting department. Executive teams have a process as well. Integrating professional development into this process is critical for success.
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February 23, 2009
Learn more on the first time homebuyers and vehicle deduction tax credits.
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February 23, 2009
The Internal Revenue Service issued new regulations affecting ERISA-covered 403(b) retirement plans beginning with plan years ending December 31, 2009.
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February 10, 2009
Currently, IFRS is only available for publically traded companies;
however, the IASB is developing a less complex version of IFRS for private companies. The private company IFRS are scheduled to be available in the first quarter of 2009.
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February 04, 2009
The best-of-the-best lean into the situation and change-up their behavior to account for changes in the environment as opposed to simply assuming that changes will result in a negative impact on them.
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January 27, 2009
Taxpayers are required to report and pay tax on gifts given to individuals during the year. The Internal Revenue Code states that taxpayers receive an annual exclusion amount for a gift of present interest.
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January 27, 2009
In accounting, "going concern" refers to a company's ability to continue functioning as a business entity. Current economic conditions provide particular challenges to all involved with annual reports and accounting.
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January 27, 2009
Choosing the correct accounting software can be a difficult process. If you ask the right questions, you can be confident that you will choose the software that is best for your company.
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January 26, 2009
Often, in our planning and forecasting efforts, we plan to win by a field goal instead of a touchdown. We determine the required goal or
performance level and then plan to produce that result with no margin for error or unexpected events.
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January 13, 2009
As expected, the last 60 days of 2008 revealed one dismal economic report after another in reflection of the stunning crash of the stock markets in early October and the breakdown in the credit markets.
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January 12, 2009
The current state of the economy has pushed many taxpayers into an unfamiliar position for tax year 2008, a loss position. While no business desires to be operating at a loss, there may be some relief in the form of cash refunds.
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December 23, 2008
To help weather the storm during this economic downturn, GBQ suggests managing your business with these six essentials in mind.
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December 14, 2008
On October 31, 2007, President Bush signed a seven-year extension of the moratorium on state and local internet access taxes scheduled to expire on November 1, 2007.
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October 24, 2008
For an economy that was already running out of steam, the market events of the month between mid-September and mid-October could hardly have been more damaging.
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October 13, 2008
A change is taking place. In the last 3-4 years the interest in pricing management among industry leading firms has skyrocketed.
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October 06, 2008
The keys to driving profits and cash flow lie in addressing pricing at each of three levels: the industry level, the market level and the transaction level.
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October 06, 2008
In today’s world it seems that a crisis can occur at nearly any moment and without warning.
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October 01, 2008
The Economic Espionage Act (EEA) of 1996 was passed by Congress, at the urging of the FBI.
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September 29, 2008
Businesses can experience explosive profitability as a result of industry turbulence. Changes affecting all participants within an industry can result in broad price improvement opportunities.
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September 24, 2008
All organizations are subject to fraud risk. But if you can answer yes to any of the following questions, your organization may be the next one to fall due to fraud...
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September 22, 2008
Recently, a well publicized, Ohio-based, Fortune 100 company documented net profit improvements in the hundreds of percentage points using market level pricing techniques.
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September 16, 2008
How to form a Disclosure Committee has been a common concern for many small public companies ever since the adoption of the Sarbanes-Oxley Act and the SEC’s rules in regards to the implementation.
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September 15, 2008
Transaction level pricing wins cash and profitability battles. However, initiatives at these levels rely on pricing at the transaction level for effectiveness.
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August 04, 2008
Only four tax credits remain in Ohio as the taxing regime shifts from the corporation franchise tax to commercial activity tax.
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August 01, 2008
Professional economists (ones that are paid to forecast rather than profess) are faced with putting their reputations on the line each year by foretelling the future.
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July 14, 2008
Estate tax reform is highly likely, although it probably won’t happen until late summer or fall, 2009.
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July 14, 2008
Many employers have established a pension plan for the benefit of their employees and the majority of these plans have a 401(k) feature which allows employees to contribute a portion of their compensation to the plan on a pre-tax basis.
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July 07, 2008
In many cases people think about financial statements as historical tools used at month and year-ends to look back on the financial performance of their company.
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June 09, 2008
Two large uncertainties weigh heavily on the construction economy as the first quarter ended, leaving more questions about the direction of the economy.
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May 12, 2008
Risk assessments aren’t an extravagance, nor just for public companies and government agencies.
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May 08, 2008
You may be asking yourself if a certain CPA is “calendar challenged” to write about year-end tax planning in April.
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April 07, 2008
If you are a business owner and are considering gifting shares of your business to your children, now is a great time to take action.
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March 31, 2008
The prominence of brand names is overtly clear when roaming the aisles of a local supermarket or big box retailer.
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December 03, 2007
Implementing better controls over the payroll process in your company.
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April 10, 2007
In order to have a really successful supply chain you need to have a good relationship with your company’s critical partners and suppliers...
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April 02, 2007
Why superior customer service experiences and innovation are the new mantras...
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March 12, 2007
Do you use propane fuel in your business? If so, you may be eligible to claim a federal tax credit of up to $0.50 per gallon.
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January 30, 2007
Is my company’s general and administrative expenses too high?
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December 01, 2006
CEOs and executives see competitive impact of IT as more important than cost.
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January 10, 2006
It is critical to the success of your business that management knows the exact cost of every component of the company’s products and/or services.
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