Open Mobile Navigation
Visit 415 Access 330.492.0094

NEWS

Read the latest accounting and business news
< PREVIOUS
1 of 73
NEXT >

News

estimates
Auditing accounting estimates
1/27/2023
When companies report financial results, they often rely on estimates made by management. Examples include the allowance for doubtful accounts, warranty obligations, costs of pending litigation, goodwill impairment and the fair values of acquired...
READ MORE >
file
Why you might want to file early and answers to other tax season questions
1/24/2023
The IRS announced it opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and processing 2022 tax year returns. Even if you typically don’t file until much closer to the...
READ MORE >
w-2
Forms W-2 and 1099-NEC are due to be filed soon
1/23/2023
With the 2023 filing season deadline drawing near, be aware that the deadline for businesses to file information returns for hired workers is even closer. By January 31, 2023, employers must file these forms: Form W-2, Wage and Tax Statement....
READ MORE >
CAMS
New report shows a decrease in CAMs in 2022
1/20/2023
The Public Company Accounting Oversight Board (PCAOB) recently published its second post-implementation review on critical audit matters (CAMs). The report found that, while the proportion of auditor’s reports that have a single CAM has...
READ MORE >
tax break
Tax-saving ways to help pay for college — once your child starts attending
1/17/2023
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also a number of tax breaks that you may be...
READ MORE >
business
How the new SECURE 2.0 law may affect your business
1/16/2023
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was recently signed into law. Provisions in...
READ MORE >
2023
2023 tax calendar
1/10/2023
To help you make sure you don’t miss any important 2023 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions...
READ MORE >
savings
Tax-wise ways to save for college
1/10/2023
If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of the tax-favored ways to save that may be available to you. Savings...
READ MORE >
tax
Employers should be wary of ERC claims that are too good to be true
1/9/2023
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers that haven’t yet claimed it...
READ MORE >
retirement
SECURE 2.0 law may make you more secure in retirement
1/3/2023
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law...
READ MORE >
mileage
The standard business mileage rate is going up in 2023
1/2/2023
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2023. The IRS recently announced that the...
READ MORE >
QuickBooks
FAQs about QuickBooks
12/30/2022
Almost 40 years after its launch, QuickBooks® remains the leading accounting software program for small and medium-sized businesses. If you decide to use QuickBooks for your bookkeeping needs, you may have questions about implementation and...
READ MORE >
secure
Year-end spending package tackles retirement planning, conservation easements
12/28/2022
On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new laws that could affect your financial planning: the Setting Every...
READ MORE >
rent
Renting to a relative? Watch out for tax traps
12/27/2022
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is...
READ MORE >
tax
How to minimize the S corporation LIFO recapture tax
12/26/2022
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. That’s because of the LIFO recapture income...
READ MORE >
international
What happened to the international convergence project?
12/23/2022
For years, there was talk of converging U.S. Generally Accepted Accounting Principles (GAAP) with the International Financial Reporting Standards (IFRS). While the formal convergence project lost steam about a decade ago, Financial Accounting...
READ MORE >
retirement
Save for retirement by getting the most out of your 401(k) plan
12/20/2022
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way to build a substantial nest egg. If...
READ MORE >
deadlines
2023 Q1 tax calendar: Key deadlines for businesses and other employers
12/19/2022
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. If you have...
READ MORE >
method
Pick the right accounting method for your business
12/16/2022
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...
READ MORE >
8 team members promoted
415 Group Promotes 8 Team Members, Including 1 New Partner
12/16/2022
415 Group, the largest locally owned public accounting and IT consulting firm in Stark County, announced the promotion of Eric Schreiber to partner, along with seven additional promotions for other team members. “Eric joined 415 Group with...
READ MORE >
< PREVIOUS
1 of 73
NEXT >
© 2023 All rights reserved.