Category Archives: CPA & Business Advisory

How Creative Manufacturing Logistics Strategies Can Boost Your Bottom Line

Posted on Monday, January 7, 2019 by

Manufacturing businesses must be able to monitor and benchmark different areas of their organization to support their goals and measure the extent to which they are accomplishing them. Monitoring areas like inventory levels, cycle times and sales can help set your organization up for success.

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Impacts of New Lease Accounting Standards on Private Companies

Posted on Wednesday, January 2, 2019 by

In our last blog, we detailed specific applications of ASC 842 for private companies and explained what constitutes a lease. In this blog, we’ll examine the impacts of these standards.

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2018 Recap: Tax Changes Affecting the Real Estate and Construction Industries

Posted on Wednesday, December 19, 2018 by

The Tax Cuts and Jobs Act of 2017 had great impact for those engaged in the real estate and construction industries at the business and individual levels. As we reflect on 2018, we review the most significant changes that will affect tax planning for 2018 and beyond.

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Blockland – Northeast Ohio’s Blockchain Leadership Moment

Posted on Monday, December 17, 2018 by

The Blockland Solutions Conference in Cleveland put Northeast Ohio squarely on the map for blockchain, and as one of Skoda Minotti’s go-to resources in blockchain, it was a thrill for me to participate—and for our firm to be a sponsor of the conference.

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Effective Communication: It’s Everyone’s Responsibility

Posted on Monday, December 17, 2018 by

Communication consumes us. It defines us. It goes a long way toward defining our success or failure. And, it’s a two-part process. One process involves sending messages, and the other involves receiving messages. Have you thought about what kind of messages you are sending and receiving?

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Applications of Lease Accounting Standards Updates for Private Companies

Posted on Monday, December 17, 2018 by

In this blog, we detail specific applications of ASC 842 for private companies—and explain what constitutes a lease.

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Opportunity Zones Provide Developers a Chance to Bring Life into Struggling Neighborhoods

Posted on Wednesday, December 12, 2018 by

With qualified opportunity funds, which are corporations and partnerships that invest in opportunity zones, developers can take advantage of the new qualified opportunity zones and help distressed communities at the same time.

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Objectives and Highlights of Lease Accounting Standards Under ASC 842

Posted on Tuesday, December 11, 2018 by

In our last blog, we provided a quick rundown of what ASC 842 is, why it was created, what it affects, and when new the lease standards become effective. In this blog, we want to expand a bit on the objectives of ASC 842.

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Shifting from Annual Performance Reviews to Quarterly Check-Ins – Our Story

Posted on Friday, December 7, 2018 by

The increasing number of millennials in the workplace, coupled with growing research on what fosters engagement and creates a sense of connection between employees and organizations, led us to conclude that having more frequent conversations – aka, quarterly check-ins – best positioned our firm for employee retention and growth.

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Lease Accounting Standards Updates – What You Need to Know for 2019

Posted on Wednesday, December 5, 2018 by

If you own or operate a U.S.-based business and lease anything tied to it, you may or may not be aware of the FASB’s lease accounting standard change, ASU 2016-02, Leases (Topic 842), the long-awaited new standard on lease accounting. So, what should your company do to prepare?

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