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How Finance Can Support and Manage Business Growth

In the business world, blending passion with profitability is essential. Financial accounting has evolved into a strategic cornerstone that sets successful enterprises apart. In the age of data-driven decision-making, integrating financial strategy is vital. This article will help you understand how strong financial accounting can help you achieve your goals. The Intersection of Strategy and …

The Internal Revenue Service (IRS) unveiled proposed guidelines on Digital Asset Reporting, highlighting the mandatory reporting requirements for digital assets, from cryptocurrencies to non-fungible tokens (NFTs). This move comes in tandem with the exponential growth and mainstream acceptance of digital assets. In this article, we’ll review the reasons behind the proposed guidelines, what they mean …

Have you ever stood at the base of a skyscraper, looked up, and wondered about the intricacies that brought such an architectural marvel to life? As a construction business owner, you’re probably all too familiar with the challenges and complexities behind such ventures. And just as the building process involves layers of planning, materials, and …

As of Sept. 14, 2023, the Internal Revenue Service (IRS) announced an immediate halt to the processing of new claims for the Employee Retention Credit (ERC) program. This decision is effective until at least the end of the current year. It comes in response to a significant influx of questionable ERC claims. Why the IRS …

The construction world is constantly evolving, and as projects grow in scale and complexity, so do the administrative challenges. For construction business owners, payroll tax compliance is not just a line item on a checklist—it’s a cornerstone of your operation. As a firm with years of experience working with construction businesses, we’ve seen firsthand the …

In business, where every decision can tip the scales of success or failure, a robust financial strategy is imperative. Enter Financial Planning & Analysis (FP&A) – an often underappreciated yet pivotal function that can revolutionize how businesses plan, analyze, and project their financial future. The Essence of FP&A in Accounting What exactly is FP&A? …

Inheritance brings its own set of challenges. Within the vast world of financial legacies, inherited Individual Retirement Accounts (IRAs) stand out thanks to their annual withdrawal requirements, also known as Required Minimum Distributions (RMDs). With these RMDs comes the caveat of taxation. However, when the Secure Act of 2019 was introduced, it brought clarity and …

NEWS RELEASE Contact Information: Abbey Bemis, COO 419-625-4942 abbeyb@pncpa.biz For Immediate Release: 8/29/2023 Payne Nickles & Company Recognized as an IPA 500 Firm in the 2023 INSIDE Public Accounting Practice Management Survey Sandusky, Ohio – Payne Nickles & Company, a leading advisory services firm, is proud to announce that it has been named …

Governor Mike DeWine has recently enacted Amended Substitute House Bill 33 (HB 33), bringing significant benefits to Ohio businesses and their owners. This legislation, which includes several advantageous changes for taxpayers, will have a two-step implementation process. Operating appropriations are already in effect as of July 4, 2023, while the remaining provisions will come into …

Mastering uncertainties and embracing predictability are among the most challenging aspects of managing construction projects. Work In Progress (WIP) schedules emerge as a powerful tool for taming these uncertainties as volatility becomes the norm. Their ability to provide real-time, actionable insights makes them an invaluable asset for savvy construction business owners. Demystifying WIP Analysis …