Posts Tagged ‘5 Financial Tips’

Move Over Santa, This List Is What Business Leaders are Checking

Thursday, December 3rd, 2015

Top 5 Dear Drebit Post for the Month of November

November is over and the Holiday season is in full swing. But even though we are busy practicing our caroling and searching for the best online bargains, we still have time to share the latest in business and financial news.

From filling you in about some of the topics we have covered in our weekly podcast to providing you with information and updates about unclaimed funds in Ohio and the Affordable Care Act – we were providing you with posts designed to help protect your finances, your identity and so much more.

Take a look to find out what our top 5 blog posts were in November and read up on anything you may have missed.

  1. How Do I Avoid Obamacare Penalties? The Affordable Care Act (ACA) has put a lot of stress on business owners over the last couple years, and 2016 will be no exception. However, if you look closely, you might be able to uncover areas of opportunity. There are three points all business owners should know to avoid penalties, read on to find out what they are.
  2. WARNING: Tis The Season To Practice Safe Online Shopping Habits — While it may be the most wonderful time of the year, cyber criminals are looking for ways to stuff their own stockings – at your expense. The holiday season is also a busy time of the year for scammers because, in general, more money is being spent and more people are clicking through cyberspace for the best deals and tracking their purchases. KnowBe4 recently published a blog about the top five scams shoppers should be on the lookout for, and we wanted to pass these on to our readers. Consider the following information to be an early gift from us to you, and hopefully your bank account can welcome the New Year unscathed.
  3. File and Suspend Strategy Suspended Deciding when to claim your Social Security benefits is often one of the most significant financial decisions older Americans must make today because, for many, Social Security benefits make up a substantial portion of their retirement income. Unfortunately, Congress recently passed legislation that will put an end to two popular strategies being used to maximize benefits married couples receive in their golden years.
  4. Do You Need to Send an Annual Notice to Your 401k Participants?As we begin the last quarter of the year, if your company sponsors a calendar year 401k plan, don’t forget about participant notice requirements.  They must be furnished by December 1 and may impact the operation or qualification of your plan.  Here is a checklist that may be helpful, but check with us if you are not certain which of these requirements apply to your plan.
  5. New Payment Option Available To Ohio Pass Through Entities Do you currently enjoy the benefits associated with owning a pass through entity (PTE) in Ohio, including better tax treatment and limited liability protection? Well, earlier this month the Department of Taxation announced another little perk – online payments! According to the release, the Treasurer of Ohio is now accepting tax payments per its Electronic Funds Transfer (EFT) program on its website.

We hope you enjoy the top five posts from November. We are always updating this page, so be sure to subscribe to Dear Drebit – or you can subscribe to our bi-weekly electronic newsletter – and never miss the critical information we provide to readers. You are also welcome to ask us a specific question about, well … just about anything finance or business related and one of our subject matter experts will provide you with a response. Just scroll up to the top of the page and fill out the form on the top, right corner.

Finally, don’t forget, you that you can always email Rea & Associates to have an in depth conversation about your existing personal or professional challenges. Our CPAs and business advisors are always happy to speak with you.

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Drebit Readers Prefer Business Solutions To Ghost Stories

Friday, November 6th, 2015

Top 5 Blog Posts For Business Leaders in October

Can you believe it is already November? October seemed to fly by – and sharing top financial advice and business news certainly keeps a frog busy! Last month, we featured stories about trends occurring in the manufacturing industry, advised readers to start preparing for the upcoming 2016 tax season, shared news of Rea & Associate’s new podcast and so much more. I didn’t want you to miss out! Take a look at some of our most popular posts. 

Top 5 Posts In October

Below are the five most read posts from October. Which one was your favorite?

  1. Debt vs. Taxes: Should You Pay Off Your Loan Without the tax deduction, you will pay a little more in income taxes but you will be left with more money in your bank account at the end of the day.
  1. You Can Still Have The Final Say After Death It doesn’t matter if you have a lot of assets to pass on or very few, estate planning is one of the best things you can do for yourself and for those you love.
  1. Can’t Collect Payments? New Chip Technology Could Be Hurting Business’s Bottom LinesNetflix, known for offering award-winning shows like House of Cards and Orange is the New Black to users online recently reported a lack-luster third quarter performance. The company points to its inability to collect payments from users who have not yet updated their Netflix account information to reflect new payment card information they may have been issued as a result of the new EMV technology.
  1. Don’t Get Blown Away By A Cash WindfallBefore you make a move with your money, take a little time to think about you want to do with your cash and consider getting some advice from a financial professional and review these four tips for managing sudden wealth.
  1. What Do I Need To Know About Unclaimed Property in Ohio? We have all lost things from time to time. Our keys, our phones, and sometimes it seems our minds. But did you know that more than 200,000 Ohioans have lost financial assets worth more than $1 billion? As a result and in an effort to protect property rights and reunite the owners with their rightful funds, Ohio enacted unclaimed property laws.

You guys keep me busy and I am thankful for that! Enjoy October’s top 5 posts and don’t forget that I am always available to answer your questions as well. Use the form at the top, right of this page and submit your question today. The answer to your question will be featured in an upcoming blog post. You can also email Rea & Associates to discuss your financial and business concerns one-on-one with an industry expert.

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Drebit’s Top 5 Insights In September

Friday, October 2nd, 2015

Sharing top financial and business news keeps a frog busy. In September he helped get the word out about new changes within the credit card industry, fraud, cyber security … and even shared a little bit of personal finance advice.

Top 5 Insights

But, what were you reading? Great question! Below is a quick recap of the top blog post from September. If you haven’t already, take a look. Some of these tips could save you and your business a lot of money!

  1. Fraudulent Credit Card Transactions Will Become Merchant’s Problem On Oct. 1 – As of Oct. 1, 2015, the liability for fraudulent transactions will no longer be assumed by the credit card issuing institution. Instead, if you (the merchant) fail to adopt EMV technology, your business will be responsible for any loss that results from a fraudulent transaction. Is your business ready?
  2. Who Is That Email Really From? – E-mail Account Compromise (EAC) is a sophisticated scam that uses legitimate email accounts that have been compromised to target unsuspecting victims, oftentimes tricking even the most tech-savvy individuals. Want to know how to protect your email? Read on.
  3. 5 Financial Secrets Of Successful Business Owners – After following through with a 13-week cash flow for almost a year, you will have better insight into how to spend your profits to help your business generate additional cash and sales. Want to learn more? Check out Rea’s podcastUnsuitable on Rea Radio.
  4. Will EMV Technology Change The Online Payment Option? –  Does a company that doesn’t physically swipe credit cards have to worry about increased liability when the new EMV rules are implemented in October? The answer might surprise you.
  5. How Far Back Can The IRS Go For Tax Auditing? – As a CPA I am frequently asked, “How far back can the IRS look to audit my tax return?” That’s a great question. Can the IRS go back and audit your tax return from five years ago? 10 years ago? 25 years ago? Before you start to panic, rest assured that the IRS has a statute of limitations in place that generally puts a limit on the time allowed to audit you and assess additional tax. Keep reading to find out how far back they can go.

Drebit is glad that you’ve been finding the tips and insight shared on his blog to be valuable and we want to keep providing you with the information and advice that matters most to you. So, if you’ve got a burning financial or business question? Ask away, Drebit – and the bright team at Rea – is here to help!

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What Are 5 Things You Should Do Financially Now?

Tuesday, January 7th, 2014

As a small business owner, you probably find the end of the year a busy time. Before you know it, you find yourself into January trying to determine what the New Year will bring. One of the keys to being a successful business owner is taking a break from the day-to-day routine and spending some time doing valuable planning. This is sometimes referred to as working on your business, not just working in your business. To help you with this process, here are five things you should consider doing as a small business owner as you start the New Year.  (more…)

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What Are 5 Things You Should Do Financially At the Beginning of the Year?

Thursday, January 3rd, 2013
As a small business owner, the beginning of the year is a busy time. It’s January and you’re trying to determine what the New Year will bring. One of the keys to being a successful business owner is taking a break from the day-to-day routine and spending some time doing valuable planning. This is sometimes referred to as working on your business, not just working in your business. To help you with this process, here are five things you should consider doing as a small business owner as you start the New Year.  (more…)
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