Since Tax Reform was passed last December, real estate tax professionals have been concerned Jim Komos, Tax Partner at Ciuni & Panichi, Inc. extracts from the 184-page document the important features affecting real estate.
The New Revenue Recognition Standard: Don’t Try This Without a Safety Net
Published September 27 in Smart Business Insight Advice and Strategy
Soon, it will be easier for users of financial statements to compare companies. But as this new revenue recognition standard comes on line, there may be some growing pains for businesses. George Pickard, CPA, MSA, Principal in the Audit and Accounting Service Department at Ciuni & Panichi, explains.
Growth Through Acquisitions: What Strategic Buyers Need to Know
Published July 26 in Smart Business Insight Advice and Strategy
All companies try to grow organically. But depending on your industry’s maturity, it’s not always easy to grow from within. One way to supplement this is to acquire another company to gain market share, says John Troyer, CPA, Audit and Accounting Services Department, Partner-in-Charge at Ciuni & Panichi.
Retirement Plan Design to Attract and Retain Executive Talent
Published May 31 in Smart Business Insight Advice and Strategy
As executives grow older, many of them want to put more money away than the limits of traditional plans — 401(k) and 403(b) plans, for example. They want to catch up and accelerate their savings before retirement. “There’s more interest in these plans as the economy improves and the job market tightens up,” says Jeff Spencer, CPA, MAcc, Tax Principal at Ciuni & Panichi.
Every not-for-profit organization grapples with the challenges of raising more money. Even when the fundraising goal is met, the nagging question of: “Are we leaving dollars on the table” lurks in the minds of leadership and board members.
Cash Management Tips Help Business Owners Add Efficiencies
Published April 30 in Smart Business Insight Advice and Strategy
Business owners have to focus on sales, profitability, innovation, employee matters and more. But if cash management falls down the priority list, it can get your company into trouble. “Cash management is a contact sport. You can’t leave it to chance,” says Mike Klein, CPA, MBA, Partner in Audit and Accounting Services at Ciuni & Panichi, Inc.
Published March 26 in Smart Business Insight Advice and Strategy
Ohio legislation has been proposed to close the “LLC Loophole” to make real estate transfer taxes also apply to indirect transfers. Tony Constantine, CPA, tax partner at Ciuni & Panichi, Inc., discussed what the bill could mean with Smart Business.
Tax reform: Next Steps for Business Owners Under the New Law
Published February 26 in Smart Business Insight Advice and Strategy
“The uncertainty will probably remain going into the summer,” Jim Komos, CPA, Ciuni & Panichi, Inc. Tax Partner, told Smart Business. “Plus, they’re already talking about a corrections bill to fix loopholes that resulted from rushing it through.”
How a Cost Segregation Study can Focus your Fixed Asset Strategy
Published January 29, 201826 in Smart Business Insight Advice and Strategy
Has your business acquired, constructed or substantially improved a building recently? You may want to get a cost segregation study to develop a strategy around capitalizing your fixed assets. It could allow you to accelerate depreciation deductions, to ultimately reduce taxes and increase cash flow, Tony Constantine, CPA, Ciuni & Panichi, Inc. Tax Partner, told Smart Business.