Business Valuation Answers

Understanding the value of a company is a topic of critical importance to business owners and executives. Business Advisors' recent Valuation Roundtable was a spirited question and answer period on this issue. Steve Thimons recaps the discussion.... read more >

IFRS for Small and Medium-Sized Entities

Audit

By Bradley Tobe

We have been hearing about the U.S. adopting the International Financial Reporting Standards (IFRS) for quite some time now. At the G-20 Summit held in Pittsburgh in September, trustees of the G-20 reconfirmed their support of projects outlined in the Memorandum of Understanding, which calls for the Financial Accounting Standards Board to complete convergence with IFRS by 2011.... read more >

House Vote on 2010 Estate Tax Expected Today

Tax

By Martin DiGiovine

As part of the Economic Growth Tax Revenue Reconciliation Act of 2001 (EGTRRA), Congress enacted a gradual decrease in the estate tax until 2010 when it would be completely repealed for one year. Under that law, the estate tax would return in 2011 at the original 55% rate and $1 million exemption amount in effect in 2001.... read more >

Data Mining Audit Procedures Worth the Effort

Auditors have used computer-assisted audit techniques (CAATs)/data analysis software to perform data analysis and data-mining audit procedures for years. Is this right for your company? Heather Haemer provides an overview.... read more >

New Tax Bill Mandates Increased Use of Electronic Filing by Paid Tax Return Preparers

Tax

By Barbara Balcita

The Worker, Homeownership, and Business Assistance Act of 2009 mandates paid tax return preparers who prepare more than 10 returns to electronically file (e-File) all individual, estate and trust returns they prepare after December 31, 2010. Here's what you should know about the e-File mandate.... read more >

We Want Your Comments

Marketing

By Karlye Rowles

Have you read one of our INSIGHTS and wanted to tell us what you thought or ask a question? Now you can with the “comments” feature on INSIGHTS. ... read more >

Network. Connect. Climb. Advance.

Marketing

By Cheryl Daniels

Creating opportunities for women professionals to exchange ways to network and grow with, and for, one another. That is the mission of the W.I.N. (Women in the Neighborhood) professional women’s initiative.... read more >

Status of American Recovery and Reinvestment Act - Ohio's Transportation Projects

In early 2009, the federal government announced that, as part of the American Recovery and Reinvestment Act (ARRA), Ohio would receive transportation stimulus funds totaling $774 million. The funding would be spent in nearly all of Ohio’s 88 counties and would help create or retain an estimated 21,000 jobs.... read more >

2009 Ohio Tax Update

Tax

By Kathleen Myers

Franchise Tax Returns - With the phase-out of the personal property tax and franchise tax that began 4 years ago, 2009 marked the final returns for many filers. The final Forms FT-1120 for corporations were due on October 15, 2009 (if extended), and the final Forms FT-1120S for S corporations were due in June.... read more >

What is an Auto Dealership Worth Today?

Automobile

By Samuel McKinley

The economic climate is difficult for automotive dealerships today. Sam McKinley of Schneider Downs' automotive accounting group, reviews the mercurial state of market value for this industry.... read more >