Professional Accounting Blog

    Accounting For Your Prosperity

    Meaden & Moore

    Recent Posts

    WEBINAR: How Your Organization Can Adjust to the New Normal

    Posted by Meaden & Moore on May 13, 2020 8:00:00 AM

    Topics: COVID-19

    In only a few months, the COVID-19 pandemic has turned the world upside down. This paradigm shift is forcing all of us to re-evaluate how we shop, travel, and even work.

    Read More

    Ohio Local Wages During CoVid-19: Tracking Remote Work Wages

    Posted by Meaden & Moore on May 5, 2020 3:00:58 PM

    Topics: Tax Planning & Strategies, Small Business, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    Ohio Governor Mike DeWine signed House Bill 197 on March 27, 2020 as the state’s response to the current COVID-19 pandemic.  The provisions of the bill include a number of tax-related measures, including suspending the 20-day rule during the COVID-19 pandemic. Under the normal rules, effective January 1, 2016, local taxes are withheld based on an employee’s “principal place of work” (as defined in Ohio Revised Code Ann. Sec. 718) for the first 20 days an employee works in another Ohio municipality (“non-principal place of work municipality”). Withholding is required for the “non-principal place of work municipality” beginning on the 21st day. Exceptions to the new 20-day rule exist for certain construction and other long-term worksite locations. 

    Read More

    Maximizing PPP Loan Forgiveness – So Many Questions

    Posted by Meaden & Moore on Apr 21, 2020 12:19:16 PM

    Topics: Tax Planning & Strategies, Small Business, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    If you’re reading this, hopefully you were able to obtain a Paycheck Protection Program (“PPP”) loan and have either received the funds or will be receiving the funds soon.  If you couldn’t get funded, then there is hope that the program will be replenished soon so keep close to your banker and have your application ready to go.  Now that companies are getting funded the question on everyone’s mind is how to make sure most of this loan, if not all, gets forgiven under the forgiveness provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act and in the various guidance the Small Business Administration (“SBA”) has issued.  And that’s a great question that unfortunately currently has a lot of unknowns until final guidance is issued.

    Read More

    Ohio Department of Health Issues Stay at Home Order for All of Ohio

    Posted by Meaden & Moore on Mar 22, 2020 4:38:58 PM

    Topics: Tax Planning & Strategies, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    Ohio Governor, Mike DeWine announced today that the Ohio Department of Health has issued a Stay at Home order for all of Ohio. The order goes into effect at 11:59 PM, Monday, March 23 and will go until at least April 6. Then it will be reevaluated, according to DeWine.

    Read More

    4 Signs of Accounts Receivable Fraud

    Posted by Meaden & Moore on Jan 28, 2020 8:00:00 AM

    Topics: Investigative and Forensic Accounting

    Accounts receivable (A/R) are often a popular fraud target because of the high volume of transactions that go through the A/R account. These types of fraud can be costly, but early detection can help minimize losses. This article identifies four signs that something is amiss with receivables: slow turnover, missing controls over financial reporting, excessive write-offs and errors, and customer complaints.

    Read More

    The Cost of Capital Counts

    Posted by Meaden & Moore on Jan 27, 2020 10:50:31 AM

    Topics: Investigative and Forensic Accounting

    The cost of capital is an important consideration when valuing a business under the income approach. This article explains how business valuation experts determine the “optimal” capital structure for a business and why it matters.

    Read More

    Look Beyond Deal Price in Statutory Appraisals

    Posted by Meaden & Moore on Jan 24, 2020 8:30:00 AM

    Topics: Investigative and Forensic Accounting

    Statutory appraisals in dissenters’ actions are typically based on either the deal price or the company’s unaffected market value as a going concern. This article summarizes a recent Colorado Court of Appeals case that affirmed a decision to consider more than just deal price when determining the fair value of a minority shareholder’s interest. 

    Crocker v. Greater Colorado Anesthesia, P.C., 2018 Colo. App. 33, 2018 WL 1247618, Mar. 8, 2018

    Read More

    Consumer Debt Portfolios Allegedly Used in Recent Ponzi Scheme

    Posted by Meaden & Moore on Jan 23, 2020 8:15:00 AM

    Topics: Investigative and Forensic Accounting

    It’s been more than a decade since Bernie Madoff made headlines for his massive Ponzi scheme. That case taught a valuable lesson: If an investment seems too good to be true, it probably is. Unfortunately, some investors are still being duped by slick con artists who promise quick and easy returns. This article highlights another recent securities fraud indictment last fall and explains how these frauds work. A sidebar discusses ways a forensic accounting expert can help identify the signs of securities fraud scams.

    Read More

    Warning: Expert Admissibility Standards May Vary

    Posted by Meaden & Moore on Nov 4, 2019 9:00:00 AM

    Topics: Investigative and Forensic Accounting

    In federal court, the admissibility of expert testimony is governed by the strict Daubert standard. The U.S. Supreme Court decided this landmark case in 1993.

    Read More

    Data Analytics Roundup

    Posted by Meaden & Moore on Oct 30, 2019 9:00:00 AM

    Topics: Investigative and Forensic Accounting

    When it comes to fraud detection, the amount of available data in the company’s paper and electronic records can seem staggering. Fortunately, the field of data analytics continues to advance, arming qualified financial experts with the tools to mine massive mounds of data effectively and efficiently. Association analysis, outlier analysis, and cluster analysis are among the detection techniques that have rapidly gained footholds in today’s data-driven world.

    Read More

    Subscribe to Email Updates

    New Call-to-action
    New Call-to-action
    New Call-to-action
    New Call-to-action