By: Julie Roe, Staff Accountant One of the many benefits of working with an accounting firm is the exposure you and your business get to team members who are experienced in many areas. Here are Holbrook & Manter we are encouraged to be cross trained in several different accounting aspects. I have been cross trained … Continued
Know the Warning Signs of a W-2 Phishing Scam A growing number of businesses have been victimized by W-2 phishing scams. In a traditional phishing scam, a criminal tricks someone into providing confidential information and then uses it to steal money and/or the victim’s identity. The W-2 phishing scam is a variation on this. Whether … Continued
Employers should be aware of a new tax credit that has been born of the Tax Cuts and Jobs Act. The credit is available to employers that offer paid family and medical leave to qualifying employees. We are reaching out to you about this credit because as of right now, the tax credit doesn’t look … Continued
5 Tips to Help You Head Into Your Audit With Structure & Confidence A comprehensive financial statement audit is an incredibly valuable resource for a small business, ensuring all of its financial numbers are squared up, providing stakeholders with additional confidence in the organization and helping to determine the future direction of the entire company. … Continued
Take payroll off your to-do list By: Chandra Reau, Staff Accountant The Holbrook & Manter Business Services & Solutions Team handles the payroll for many businesses. It is a large part of what I do here at the firm and I like knowing that I am taking this often time consuming task off the plate … Continued
Why I am not always at my desk By: Lynn Leitch, Senior Assistant Accountant I work out of our Columbus office… but not all of the time. As a part of Holbrook & Manter’s Business Services & Solutions Team, I spend some of my time out at our client’s places of business. If it is their preference … Continued
QuickBooks Tips from Denise: Get the Most from your QuickBooks Reports By: Denise Smith, CPA, CGMA- Senior Accountant We know that many QuickBooks users follow our blog… so here is another round of helpful tips you can try: QuickReports In QuickBooks, sometimes you look at a series of transactions in the past and wonder what … Continued
Employee Meals/Entertainment: These Deductions are about to Change By: Stephen Smith, CPA, CGMA, MBA, CVA- Principal The new Tax Cuts and Jobs Act will present tight limits on deductions pertaining to business meals and entertainment. Before this new tax reform, taxpayers generally could deduct at least 50% of expenses for business-related meals and entertainment. However … Continued
I Can’t Find My W-2! By: Linda Lehman, Senior Assistant Accountant As an employer, you have issued W-2s. Now you are getting requests for duplicate copies from employees who have not received them, or have misplaced them. Here’s what you need to know: The request for a duplicate W-2 needs to be in writing; an … Continued
Record Retention Schedule and Record Storage By: Annamarie DePrey, Staff Accountant The beginning of each year is a perfect time to review the record retention schedule for both business and personal accounting records. Clients must make sure they follow guidelines to assure they don’t encounter legal or tax problems. I have created a guide … Continued
