Tax Document Retention Guidelines for Small Businesses

Is your office littered with important documents? Tax returns, receipts, canceled checks and other financial records? Or perhaps your computer desktop is filled with a multitude of digital tax-related files? You’ll find it easier to file your taxes next time around if you cut down on the clutter. To perform a cleanup, call us in … Continued

Loans between a business and its owner

It’s common for owners of closely held businesses to transfer money into and out of the company. But it’s critical to make such transfers properly. If you don’t, you might hear from the IRS. Why loans are better When an owner withdraws funds from the company, the transfer can be characterized as compensation, a distribution … Continued

TCJA Prompting Entity Change for Some Business Owners

TCJA Prompting Entity Change for Some Business Owners For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. Meanwhile, the TCJA also reduced individual income tax … Continued

QuickBooks Tricks to Know

By: Linda Lehman, Senior Assistant Accountant We all use software which may contain helpful features that we are either not aware of or have forgotten about from our initial training. Here are a few of my favorites in QuickBooks… Find What would I do without this handy tool! Let’s say you just entered a transaction … Continued

Proactive Tax Planning for 2019

Proactive Tax Planning for 2019 By: Julie Roe, Staff Accountant As individuals are starting to file their 2018 personal income tax returns, they are discovering the impact the new tax laws have on them. We knew tax reform would bring about some surprises. Many people that have been used to receiving a tax refund are … Continued

Do you need to file unclaimed funds reports?

By: Chandra Reau, Staff Accountant The answer is yes if you are a business owner in Ohio. The Department of Commerce requires a report each year even if you have no funds to submit.  Consider  and review the following when preparing to file a report:   ·         Are there checks a year or two old … Continued

Hot Service Offering: Accounting Software Training

Hot Service Offering: Accounting Software Training By: Molly Pensyl, Marketing & Business Development Manager  Many business owners choose to use some type of accounting software to assist them with the financial tasks that come along with their day-to-day operations. This is more than a wise decision on their part. It saves them time and navigates … Continued

Join the Business Services & Solutions Team!

The Holbrook & Manter Business Services & Solutions Team is growing and we are looking for the right person to join us. Read the job description below and if you or someone you know could be a good fit, apply today! Accounting Professional Growing public accounting firm seeking experienced accounting professional to join our Business … Continued

The Business Bill of Health

The Importance of Reviewing Your Business’ Financial Statement A financial statement gives a small business valuable information that can used to determine the overall “health” of the organization. It sheds light on cash flow, liquidity, profitability and more. However, without proper review and analysis, the financial statement can become littered with inaccuracies and be rendered … Continued