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News

415 Group Insights

What are KPIs
KPIs: What are they, and which ones count?
1/24/2024
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...
Includes insights from Drew A. Bolog
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Video still of Phil Hann, 415 Group
Understanding the DSO Ratio for Accounts Receivables
9/27/2023
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,...
Includes insights from Phillip D. Hann
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Video still of Chad Isler, 415 Group
Generating Cash Flow for Your Business
9/27/2023
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...
Includes insights from Chad R. Isler
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Businessman writing notes in his car
KEEP THESE DOS AND DON’TS IN MIND WHEN DEDUCTING BUSINESS MEAL AND VEHICLE EXPENSES
8/14/2023
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...
Includes insights from Brian E. Raber
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Gig Economy
Being a gig worker comes with tax consequences
7/31/2023
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...
Includes insights from Morgan V. Giebel Cannon
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hiring
WHAT TO DO IF YOUR CFO OR CONTROLLER LEAVES
6/13/2023
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...
Includes insights from Marcie E. Curry
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startup
Launching a Small Business? Here are Some Tax Considerations
5/16/2023
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...
Includes insights from Holly L. Lieser
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method
How to Pick the Right Accounting Method for Your Business
3/8/2023
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...
Includes insights from Natalie M. Simmons
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changes
FASB Proposes Last-Minute Changes to Lease Accounting Rules
2/9/2023
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...
Includes insights from Phillip D. Hann
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Video Still of Amanda Dalpiaz, 415 Group
Accounting Internship Program at Northeastern Ohio Firm
9/7/2022
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...
Includes insights from Richard L. Craig
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	Video Still of Marcie Curry, 415 Group
Providing Business Solutions Throughout Northeast Ohio
8/31/2022
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,...
Includes insights from Marcie E. Curry
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Video Still of Eric Schreiber, 415 Group
Having a Healthy Work-Life Balance
8/30/2022
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...
Includes insights from Eric Schreiber
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inflation
The Inflation Reduction Act Includes Wide-Ranging Tax Provisions
8/15/2022
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,...
Includes insights from Todd J. Ruggles
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auditor
Management Letters: Follow Up on Your Auditor’s Recommendations
7/12/2022
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...
Includes insights from Drew A. Bolog
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factors
Many factors are involved when choosing a business entity
1/20/2022
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,...
Includes insights from Chad R. Isler
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Understanding IRS Notices and Letters
12/10/2021
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...
Includes insights from Morgan V. Giebel Cannon
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Jeffery Buckshaw still
Creating and Cultivating a Well-rounded and Diverse Team of Auditors
10/26/2021
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...
Includes insights from Jeffrey S. Buckshaw
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10 Things to Know About the Accounting Standards Update Regarding Leases
10/21/2021
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...
Includes insights from Phillip D. Hann
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Barbara Hupp Portrait
Businesses benefit from the convenience and payroll features in QuickBooks
10/6/2021
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,...
Includes insights from Barbara D. Hupp
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Portrait of Dominic Reolfi
Helping business buyers and sellers with mergers and acquisitions
10/4/2021
As the average age of the business owner population rises, more business owners are planning for retirement. Since 2010, mergers and acquisitions have been on the rise and as we step out of 2020, these numbers have probably doubled. Along with an...
Includes insights from Richard L. Craig
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