Archive for September, 2018

Thursday 09/27/2018

What is Your NFP Board’s Succession Plan?

Al Harsar, CPA A not-for-profit organization needs to have a succession plan in place to ensure the continued existence of the organization during transitions of the trustees, in the same way that a for-profit business puts these plans into place.  Many not-for-profit organizations have a board of volunteer trustees that interact with the staff and […]

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Thursday 09/13/2018

Qualified Opportunity Zones: Strengthening Our Economy While Deferring Taxable Income

Carleigh Machock, CPA It’s no secret that the economy is currently on the upswing. In Northeast Ohio, new construction and building renovations are prevalent throughout the region. There are ample opportunities for economic growth as property values rise, new businesses emerge and more investors tie money into the market.  Cleveland is a great example of […]

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Thursday 09/06/2018

What You Need to Know About Section 199A Deduction

Eric Dorenkott, CPA As we move into Q4, now is the time to begin year-end tax planning. The new Section 199A may be the most radical change of last year’s historic tax reform bill, and one not to be overlooked. Section 199A gives a 20 percent deduction of qualified business income to pass-through entity owners. […]

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