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Outsourced accounting allows companies to gain professional accounting services and support for roles they do not have in-house. The level of service can range from bookkeeping tasks all the way up to CFO or controller responsibilities.  415...

Management needs timely, accurate feedback to guide operating decisions, anticipate problems and take advantage of emerging opportunities. Unfortunately, comprehensive financial statements take a long time to generate. Reporting key performance...

Chad Isler, partner at the 415 Group, discusses how fast your Accounts Receivable turns into cash in correlation to your expenses and the future of that cash flow. It's important to have a positive cash flow, and there are so many ways that it can...

Phil Hann, CPA and Senior Audit Manager at the 415 Group, discusses Accounts Receivables and the quality of those receivables by utilizing the DSO ratio. This ratio can change each year depending on various factors, including client payments,...

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet...

In recent years, many workers have become engaged in the “gig” economy. You may think of gig workers as those who deliver take-out restaurant meals, walk dogs and drive for ride-hailing services. But so-called gig work seems to be...

A leadership departure in your accounting department can create turmoil, at least temporarily. However, it also provides an opportunity to assess the department’s performance and create a vision for how it should perform in the...

While many businesses were forced to close due to the COVID-19 pandemic, some entrepreneurs started new small businesses. Many of these people start out operating as sole proprietors. And that trend is continuing.   Here are some tax rules and...

Timely, accurate financial information is essential to running a successful business. There are a number of accounting methods you can use to record and track your business’s financial performance. Here’s an overview of cash, tax and...

Accounting Standards Codification Topic 842 (“Topic 842”), Leases, requires organizations to report the full magnitude of all their long-term lease obligations on their balance sheets — an historic first. For private companies and...

As a Northeastern Ohio firm with strong ties to our community, our team enjoys the chance to educate both local high school and university students about all the fantastic opportunities a career in accounting creates, especially right here in Stark...

At 415 Group, our talented team of experts does it all to help businesses succeed. As a full-service professional firm, we offer a broad range of business solutions to companies all over Northeast Ohio, including certified public accounting,...

Eric Schreiber, audit director at 415 Group, recalls his time working at a Big Four accounting firm. While there, he was part of a large team that contributed hundreds of hours of overtime every year. Since coming to 415 Group, he’s been able...

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden signed the bill into law in August 2022. The IRA includes significant provisions related to climate change, health care, and, of course,...

Maintaining the status quo in today’s volatile marketplace can be risky. To succeed, businesses need to “level up” by being proactive and adaptable. But some managers may be unsure where to start or they’re simply out of new...

Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for you — a C corporation or a pass-through entity such as a sole-proprietorship, partnership,...

While no one wants to receive an IRS notice, it is important to understand the appropriate steps to take and what is required of the taxpayer. Most notices from the Internal Revenue Service (IRS) are automated and, in recent years, the organization...

Jeffery Buckshaw, audit and assurance partner at 415 Group, talks about the benefits of a well-rounded career experience for auditors. His personal experience as a CFO in the private sector helps him analyze and consult with companies in a more...

New accounting standards under the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) require organizations to record leases on their balance sheets. in 2019, and now...

QuickBooks is a valuable tool for tracking company income and expenses and improving overall cash flow. 415 Group supports over 600 clients on QuickBooks with over 200 utilizing QuickBooks Online. Small to medium-sized businesses, contractors,...