Archive for the ‘Construction’ Category

Stop The Family Drama With A Buy-Sell Agreement

Thursday, October 8th, 2015
Take control of your future with a buy-sell agreement - Unsuitable on Rea Radio

You don’t know what the future holds, but if you don’t take steps to prepare for the unknown you are leaving your business and your family vulnerable. Click here to listen to How To Ruin Thanksgiving Dinner on Unsuitable on Rea Radio, a new finance and business management podcast.

It seems like when the holiday season comes around everybody does their best to put their best foot forward and to portray the image of “the flawless family.” From the turkey dinner on Thanksgiving, to the Christmas cards featuring happy, loving families – we do all we can just to make sure everything is … perfect.

Listen to the podcast: How To Ruin Thanksgiving Dinner

The holiday season is also notorious for other less-than-perfect qualities, such as family fights, holiday shopping stress and, ultimately, increased depression and anxiety. Now imagine you are battling the normal holiday stressors while trying to manage a family business. And now imagine that your business is in crisis mode and your life, the future of your family members and the sustainability of your company hangs in the balance?

When you own a business with family or friends you already run the risk of business matters spilling over into your personal affairs. But when you haven’t invested the time and resources needed to plan ahead, you are leaving your business and your family vulnerable.

Take control of the future of your business and the general well-being of your family all year long by knowing the true value of your business and investing in a proper buy-sell agreement.

Click here to read the full article.

By Tim McDaniel, CPA/ABV, ASA, CBA (Dublin office)

Tim McDaniel, business valuation expert, featured on new accounting podcast.Learn more about the importance of securing a custom business valuation and buy-sell agreement. Listen to the How To Ruin Thanksgiving” podcast on Unsuitable on Rea Radio at or on iTunes or SoundCloud.


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How Can Contractors Ensure They Have Sufficient Cash Flow?

Monday, October 28th, 2013
As a construction contractor, income taxes are probably the furthest thing from your mind. And you’re probably not too excited about writing big checks to the respective taxing authorities. (more…)
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How Does the Ohio Budget Bill Impact Oil and Gas Producers?

Friday, July 12th, 2013

By now you’ve heard that Ohio Governor John Kasich signed Ohio’s new budget bill into law. Luckily, the severance tax on oil and gas production was removed from the bill a while back. However, that doesn’t mean that there aren’t other components that you need to be aware of.  (more…)

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Looking To Stay Up-To-Date On Ohio Oil & Gas News?

Thursday, June 6th, 2013

The oil and gas industry in Ohio is constantly changing. So if you’re involved in the industry or are looking to break into the industry, it’s important for you to stay up-to-date on what’s happening. If you haven’t checked out, Ohio Gas & Oil Magazine, then I highly recommend you do. This monthly publication covers an array of topics from government regulations to industry best practices.  (more…)

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Are You Ready For FASB 715-80 Disclosures?

Thursday, December 13th, 2012

From ERISA fee disclosures to benefit limitation regulations, 2012 has been a year of regulations for retirement plans.  If your company offers a retirement plan, you may feel like you’ve spent the whole year jumping through the hoops that regulators threw at you.  Bad news, you might have one more hoop to hop. (more…)

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Have you heard the Good News?

Friday, May 18th, 2012

The Economic Recovery has hit the Construction Industry.

While every industry has suffered during the Great Recession, the construction trade has been particularly hard hit.  As tight government budgets were hampering major infrastructure projects, the foreclosure crisis was impacting new home construction – talk about a double whammy!

But, there’s good news for the construction industry: home prices and construction are beginning to turn around! (more…)

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How is SOX Impacting Construction Relationships?

Wednesday, September 8th, 2010

The Sarbanes-Oxley Act, (or SOX), set new or enhanced federal accounting standards for public companies as a reaction to a number of corporate and accounting scandals that cost investors billions of dollars. Passed into law in 2002, SOX appears to be having a trickle-down effect on construction companies and their publicly-held company clients. (more…)

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