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Implementing the new lease accounting standards for private businesses and non-profit organizations

During the uncertainty of the pandemic in 2020, the Financial Accounting Standards Board (FASB) granted a temporary reprieve for private companies, delaying their deadline for implementing new lease accounting practices. If your businesses or non-profit organizations have not yet adjusted how you report leases on your financial reporting documents, keep reading for more information to …

For more than 60 years, G.W. Samaha Antiques has been a prominent part of the community in Norwalk and surrounding towns. Milan, Ohio became an important antiques destination after G.W. Samaha, Sr. began hosting antiques shows in the Milan Town Hall ballroom several times a year. The business was eventually handed down to G.W. …

The 7th Annual Community Shred Day

Our 7th Annual Community Shred Day is coming up: Save the Date! In partnership with Firelands Local (formerly CLI), Payne Nickles & Company is offering drop-off of documents for secure shredding at both offices in Norwalk and Sandusky on September 22, 2022, from 10 a.m. until 3 p.m. local time. View the full flyer below! …

Business travel is back. COVID restrictions have eased, and in-person conferences are back on the calendar. And as more people return to offices, companies are warming to sending their employees on work trips. For many businesses, it’s been a minute since they’ve had to account for employee travel expenses. So it might be time for …

Technology has long made accounting easier, from the first adding machines to electronic spreadsheets to today’s cloud computing ecosystem. While recent advancements have allowed business owners and their accountants to collaborate efficiently from any location, they also created a growing cybersecurity risk that cyber insurance can help manage. Manage the Risk with Cyber Insurance Cyber …

Norwalk Rotary Pizza & More Event 2022

Payne Nickles & Company recently sponsored and volunteered at the Norwalk Rotary Club’s Pizza & More Event. This annual event helps the club provide donations for community projects like Stuff the Bus, Backpack drives, and local scholarships.

Our 7th Annual Community Shred Day took place on September 22, 2022! Check out the results for this year below, and put a reminder to start collecting documents for our next Shred Event happening Fall of 2023.

Record levels of inflation are weighing on the construction industry when contractors are already feeling the squeeze from labor and supply shortages. Contractors are seeing staggering increases for construction inflation, according to Associated General Contractors analysis. The Producer Price Index for inputs to new nonresidential construction — a weighted average of the goods and services …

From Super Bowl commercials to teenage NFT millionaires — and even Elon Musk’s support of the dog meme-inspired currency Dogecoin — cryptoassets have been making a play for mainstream acceptance. By the end of 2021, the global cryptocurrency market was worth more than $3 trillion, up from $14 billion just five years earlier. About 16% …

As Tax Day approaches, taxpayers will often rush to complete their returns by the April 15th deadline. While it’s ideal to file your return by the IRS due date, there are many instances that can prevent this. In these circumstances, it can be beneficial to extend your return. Consider, for example, K-1s from pass through …