HW&Co. Named the Best Accounting Firm in Ohio* for the Fourth Consecutive Year HW&Co. is honored to be selected as the best Accounting Firm (25 Employees or Larger) for the fourth year in a row by the readers of Ohio Business Magazine. The […]
The Social Security Wage Base for Employees and Self-Employed People is Increasing in 2024 By: David M. Reape The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages and self-employment income […]
Don’t Let IRS Compliance Issues Drag Down Your Nonprofit By: Helen Weeber In recent years, the IRS has increased its scrutiny of tax-exempt organizations. Most not-for-profits that fail to file Form 990 for three consecutive years will have their exempt status revoked […]
Business Automobiles: How the Tax Depreciation Rules Work By: David M. Reape Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply […]
Are You Prepared to Join the Manufacturing 4.0 Revolution? By: Daniel Kaminski Manufacturing 4.0, sometimes called “Industry 4.0,” refers to the digitalization of manufacturing. That means the integration of traditional manufacturing processes and practices with cutting-edge “smart” technology. How might Manufacturing 4.0 […]
Job-Juggling Remote Workers May Threaten Your Company By: Anthony LaNasa Although some companies currently require employees to work in the office full-time, many allow employees to work remotely one or more days per week. A growing preference for remote roles can […]
How IRS Auditors Learn About Your Business Industry By: David M. Reape Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by using IRS […]
Do You Have to Return Donations When Donors Request It? By: Helen Weeber If a donor has never asked your not-for-profit to return a gift, it may only be a matter of time. Although uncommon, donors can change their minds. They may come […]
What Types of Expenses Can’t Be Written Off by Your Business? By: David M. Reape If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. For example, the tax […]
Trust and Internal Controls Can Coexist in Your Nonprofit By: Anthony LaNasa Within a period of just a month, a Minnesota woman was charged with skimming more than $300,000 from her animal rescue charity, a Florida man was charged with multiple felonies […]
Rolling Forecasts Can Provide Clarity for Manufacturers By: Daniel Kaminski Supply chain interruptions have demonstrated the flaws in conventional budgeting and forecasting methods. Manufacturers find it challenging to forecast their performance for the next year even under the best of […]
CMS Issues FY 2024 Medicare SNF PDPM Rates Effective Oct. 1, 2023 By: Steven Anderson CPA UPDATE: CMS published a correction notice on October 4, 2023 impacting PDPM rates for all CBSAs nationwide. The correction resulted in very minor reductions in most of the wage […]