Category Archives: CPA & Business Advisory

Capitalizing Cloud Computing Costs

Posted on Wednesday, April 17, 2019 by

With the changing role of technology in the workplace, accounting standards applicable to the costs of technology have had to change as well. The rise of cloud computing arrangements (CCAs) led to a new accounting pronouncement in 2015 that clarified the circumstances under which CCAs should be treated like traditional software development costs.

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Impact of the New Credit Loss Model on Non-Banking Companies

Posted on Wednesday, April 10, 2019 by

You may have seen articles about the upcoming change in accounting for expected credit loss. While the change may seem to only affect the financial services industry, the impact of the new model is far more widespread, and it may affect your company’s financial statements.

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Can Your Company’s Digital Token Be Considered a Security? The SEC Weighs In.

Posted on Tuesday, April 9, 2019 by

On April 3, the SEC issued a letter which assures investors in a company that issues a digital token for the purposes of raising capital that it will not take an enforcement action against the company.

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Are You Prepared for Changes in Accounting for Equity Investments?

Posted on Monday, April 8, 2019 by

In the past, generally accepted accounting principles, or GAAP, allowed financial statement preparers some flexibility in how they record their company’s returns on investments (ROI) in equity securities. The accumulated gains or losses would reside on the balance sheet in “accumulated comprehensive income,” separate from other retained earnings of the business. Now that has all changed.

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Is Your ERP Solution Propelling Your Business—or Hindering It?

Posted on Tuesday, March 26, 2019 by

As we move through first-quarter 2019, many smart organizations are taking a hard look at their enterprise resource planning (ERP) solution and contemplating the true value that it’s providing. ERP systems that have been in place for five, 10 years or even longer should be evaluated with that question in mind. The answer may point to an upgrade, modifications or even outright replacement.

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6 Ways Manufacturers Can Improve Warehouse Efficiency

Posted on Tuesday, March 26, 2019 by

Improving efficiencies in manufacturing warehouses starts with a little cleanup and sticking to established processes and inventory production controls. Here are some tips to better warehouse management.

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Strategies for Winning the Real Estate and Construction Industry’s War on Talent

Posted on Monday, March 25, 2019 by

For real estate and construction firms throughout Northeast Ohio and around the country, finding and retaining qualified workers remains a constant challenge. But there may be a glimmer of hope on the horizon.

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Ohio County Auditors Explore Blockchain for Real Estate Transactions

Posted on Tuesday, March 12, 2019 by

Awhile back we explored the potential impact blockchain could have on the commercial real estate industry. One of the possibilities we explored in the blog was using a blockchain for titles instead of storing them on paper, as the majority are today. Ohio appears to be looking into making these potential impacts a reality.

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5 Ways Your Business Can Save Time with QBO Data Automation

Posted on Tuesday, March 12, 2019 by

In the first blog of our series on QuickBooks Online (QBO), we provided an overview of the software’s main features. Now we take a deeper dive into the many great benefits of QBO automation, which will free your time and let you focus on growing your business.

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2019 Northeast Ohio Manufacturing Survey Results Are In – Here’s What You Can Expect

Posted on Wednesday, March 6, 2019 by

What are the concerns and challenges of manufacturing companies in Northeast Ohio? How do they perceive opportunities and issues confronting them in 2019? These and other questions are the focus of the 2019 Northeast Ohio Manufacturing Survey Report. Skoda Minotti will release full survey results soon.

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