unsuitable on Rea Radio: Recent Episodes
Rea & Associates
Designed to challenge old-school business practices and the traditional business suit culture, on unsuitable on Rea Radio you'll hear industry professionals speak about meaningful, modern solutions to help you enhance your company’s growth. Hosted by Doug Houser.
As we know, all good things come to an end. But sometimes, that end also means a new beginning. With 3 hosts, 305 episodes, 6 years, 1 award, and thousands of listens, our unique podcast has seen a great deal of success! With success comes the opportunity to improve. So, as they say, out with the old, and in with the new! Join Becca Davis, Director of Practice Growth at Rea & Associates, and Brad Circone, President and Founder of Circone + Associates to discuss the exciting changes in store for unsuitable on Rea Radio. Listen to this episode of unsuitable to learn: What changes are happening to unsuitable Why it’s time for a rebrand How far we’ve come Learn more about this topic: Listen: https://www.reacpa.com/insight/brands-arent-wrong-ceos-are/ (Brands Aren't Wrong - CEOs Are) Listen: https://www.reacpa.com/insight/how-a-bad-band-with-a-great-brand-secured-a-million-dollar-record-deal/ (How A Bad Band With A Great Brand Secured 3$.6M Record Deal) Read: https://www.reacpa.com/insight/7-habits-of-highly-successful-marketers/ (7 Habits of Highly Successful Marketers) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
COVID has reworked the way everything from manufacturing to the hospitality industry works, and, with that, comes a new world for firms looking to drive down their tax bills through allowable depreciation. John Hanning is Principal at Specialty Tax Group and he’s here to talk about how we can optimize the current, post-pandemic tax landscape to our advantage using the concepts they’re developing. Listen to this episode of unsuitable to learn: How Specialty Tax advances the tax industry through the use of technology Cost segregation: what it is and how it works How manufacturing facilities and processes have changed with COVID Learn more about this topic: Visit: https://www.specialtytaxgroup.com (Specialty Tax) Read: https://www.reacpa.com/service/tax-services-for-businesses/tax-preparation-planning-for-businesses/ (Tax Preparation & Planning for Businesses) Watch: https://www.youtube.com/watch?v=1k077kaZOdw (Tax Season Post-Mortem) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
As COVID-19 cases continue to climb, it’s clear our pandemic woes aren’t going anywhere for a while – and neither are the issues left in its wake. For key industries like manufacturing, many have been left to wonder what can we do now? And what happens next? CPA and senior manager here at Rea, Andrew Geiser, is joining us today to unpack some of the issues businesses in manufacturing are facing, and provide some insights into what comes next. Listen to this episode of unsuitable to learn: The past, present, and future of supply chain issues Mitigating the effects of labor shortages The importance of manufacturing Learn more about this topic: Watch: https://www.reacpa.com/insight/fifth-annual-manufacturing-education-day/ (5th Annual Manufacturing Education Day) Read: https://www.reacpa.com/insight/confronting-the-national-labor-shortage/ (Confronting the National Labor Shortage) Read: https://www.reacpa.com/insight/covid-19-pandemic-a-year-later-lessons-learned/ (COVID-19 Pandemic | Lessons Learned)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
Cyber-attacks happen every day. With the rise of virtual reliance, many say that cyber-attacks are the largest modern threat to businesses today – and for good reason. Since 2003, October has been recognized as cyber security awareness month. Cybersecurity expert at Rea, Ty Whittenburg, joins us today to discuss the importance of cybersecurity and how it can help protect your business. Listen to this episode of unsuitable to learn: What Cybersecurity Awareness Month is What cyber attacks look like Examples of cyber attack stories Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-301-cyber-criminals-wont-back-down-is-your-organization-safe/ (Episode 301: Cyber Criminals Won't Back Down. Is Your Organization Safe?) Read: https://www.reacpa.com/insight/cybersecurity-all-the-things-you-should-know/ (Cybersecurity | Business Risks To Know) Listen: https://www.reacpa.com/insight/episode-288-is-your-business-putting-national-security-at-risk/ (National Security At Risk) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
We know that the last few years have changed so many things – the way we work, do business, and even interact with each other. In these changing times, how can organizations continue to keep their data safe, and cyber threats at bay? Mark Dowd, Chief Development Officer at InfoGPS, discusses what every organization should have in their tool box to protect from threats, current trends, and more. Listen to this episode of unsuitable to learn: What the scope of cyber threats looks like Common mistakes that many businesses make regarding cybersecurity What comes next in the field of cybersecurity Learn more about this topic: Read: https://www.reacpa.com/insight/rea-dental-client-uncovers-cybersecurity-risks-after-risk-assessment/ (Cybersecurity Risk Assessment Reveals Danger) Read: https://www.reacpa.com/insight/cybersecurity-all-the-things-you-should-know/ (Cybersecurity | Business Risks To Know) Listen: https://www.reacpa.com/insight/episode-288-is-your-business-putting-national-security-at-risk/ (National Security At Risk)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
2021 has been utterly dominated by the aftermath of COVID-related changes to the industry and the world. But how, specifically, has that impacted insurance? While often overlooked, insurance is an investment that protects your hard work, and your business, no matter what comes next. So what do you need to know about insurance now that the world has changed? Our guest on today’s episode of unsuitable is vice president of Overmyer Hall Associates and insurance and risk management expert in the fields of contracting, real estate, and manufacturing, Joe Urquhart. Joe is here to talk to us about the current state of insurance and some important considerations as we move in 2022. Listen to this episode of unsuitable to learn: What business owners need to be aware of regarding insurance changes Managing risk through COVID How the market is adapting to current changes Learn more about this topic: Read: https://www.reacpa.com/insight/cybersecurity-all-the-things-you-should-know/ (Cybersecurity | Business Risks to Know) Listen: https://www.reacpa.com/insight/episode-292-problem-hunting-vs-threat-hunting/ (Problem Hunting vs. Threat Hunting) Watch: https://www.reacpa.com/insight/are-you-managing-your-cybersecurity-risk-exposure/ (Manage Your Cybersecurity Risk Exposure)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
Employee Stock Ownership Plans continue to grow in popularity. Today, more and more owners are considering ESOPs as their ideal succession strategy. They realize that it’s a great way to empower their team and promote continued business growth – long after they retire. We’re going to answer the big question business owners are asking concerning ESOPs: “What’s in it for me?” And to help us answer this question, we have ESOP expert, Ted Lape, back with us to dig into the topic. Listen to this episode of unsuitable to learn: What the various forms of ownership transitions are The current outlook for business owners looking to transition How to prepare for ownership transition and what risks to be aware of Learn more about this topic: Listen https://www.reacpa.com/insight/episode-205-what-is-an-esop-how-does-it-work/ (Episode 205: “What Is An ESOP & How Does It Work?”) Read: https://www.reacpa.com/insight/exit-planning-options-every-business-owner-over-50-should-know/ (”Exit Planning Options Every Business Owner Over 50 Should Know”) Listen https://www.reacpa.com/insight/episode-221-how-to-successfully-exit-your-business/ (Episode 221: “How To Successfully Exit Your Business”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
When you think of Labor Day, you might be thankful for a day off and thinking about spending time with family or relaxing. But did you know that, annually, the week of Labor Day is National Payroll Week? Founded in 1996 by the American Payroll Association, National Payroll Week celebrates employees and the payroll professionals that pay them. While there may not be a better feeling than pay day, do you know about the process that gets the money to your pocket? Our guest on today’s episode of unsuitable is client service specialist and payroll services manager here at Rea, Dee Gray. Dee helps businesses understand the future of their payroll and the systems behind payroll. Listen to this episode of unsuitable to learn: How to deal with the new payroll tax treatment legislation The impact of the Employee Retention Credit Changes in payroll technology Learn more about this topic: Read: “https://www.reacpa.com/insight/quickbooks-intuit-online-payroll-users-how-to-opt-out-of-sharing-your-employee-payroll-information-with-equifax/ (Opt-Out of Sharing Employee Payroll Info)” Read: “https://www.reacpa.com/insight/outsourced-hr-solutions-for-every-size-budget/ (Outsourced HR Solutions | Small Business Corner)” Watch: “https://www.reacpa.com/insight/revealing-the-state-local-tax-consequences-of-a-remote-workforce/ (Hiring a Remote Workforce Has Consequences)”
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
With the rise of virtual work, and a stronger reliance on virtual tech in the workforce, achieving clear and productive communication within your work team can be harder than ever. How can you sense someone’s true intentions behind the keyboard? How do you achieve a true connection with your team when so much of our lives are virtual? Is your message truly being received? Our guest on today’s episode of unsuitable is author, podcast host, and co-founder of Performance Support Systems, Meredith Bell. Meredith helps teams of all shapes and sizes communicate more effectively in order to achieve their true potential. She joins us today to discuss how to better connect with your team, and how to master ten crucial communication skills you need to thrive. Listen to this episode of unsuitable to learn: The myth of multitasking Mastering the top 10 communication skills Avoiding groupthink Learn more about this topic: Listen: “https://www.reacpa.com/insight/episode-291-are-your-employees-happy/ (Are Your Employees Happy?)” Watch: “https://www.reacpa.com/insight/how-to-hire-more-employees-webinar/ (Hire More Employees and Keep Them Happy)” Listen: “https://www.reacpa.com/insight/episode-270-building-company-morale-in-a-virtual-world/ (How to Build Company Morale in a Virtual World)”
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
In less than a year, private companies will be required to adopt the new standard for accounting for leases. This means those who follow generally accepted accounting principles and carry leases are in for some pretty big changes. Jim Suttie, a principal on Rea’s lease accounting task force, is here to provide some much-needed insight into what this new standard means and how to start preparing. Listen to this episode of unsuitable to learn: The new standard for accounting for leases The biggest differences between the old and new standards The side effects of the new standard Learn more about this topic: Read: https://www.reacpa.com/insight/what-the-new-lease-accounting-standard-means-for-your-business/ (What The New Lease Accounting Standard Means For Your Business) Read: https://www.reacpa.com/insight/new-lease-accounting-standard-is-here/ (New Lease Accounting Standard) Listen: https://www.reacpa.com/insight/episode-223-how-lease-accounting-changes-will-impact-your-bottom-line/ (Lease Accounting Changes Explained)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
A wise, yet fictional character once said: “Life is like a box of chocolates. You never know what you’re gonna get.” Well, the same can be said about retirement. You can plan and strategize and plan some more – right up until the day you receive your last paycheck – and still be shocked by how different your expectations were from reality. Today we’re going to catch up with unsuitable legend, Dave Cain, to learn what he’s been up to since retiring from Rea and the podcast and find out what he would do differently to prepare for retirement if he could do it all again. Listen to this episode of unsuitable to learn: How life after retirement differs from our expectations How to be ready for retirement – if that’s possible Advice for gearing up for retirement Learn more about this topic: Listen: “https://www.reacpa.com/insight/episode-286-how-covid-changed-personal-financial-planning/ (Personal Financial Planning Changes)” Read: “https://www.reacpa.com/insight/your-solo-401k-plan-may-be-on-the-irs-audit-list/ (Your Solo 401(k) Plan Is On IRS' Audit List)” Listen: “https://www.reacpa.com/insight/episode-277-how-to-plan-for-your-permanent-vacation-retirement/ (The Permanent Vacation | Retirement Planning)” If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
2021 has been another crazy year for everybody and businesses everywhere continue to feel the pinch of a recovering economy. Even though federal and state government entities continue to do what they can to ease the burden on our business sector, there continue to be questions and concerns when it comes to taxes and regulatory requirements. On this week’s episode of unsuitable, tax guru and Rea principal, Christopher Axene, is here to give us some insight into the current tax climate as well as to provide us with a glimpse into his crystal ball. Listen to this episode of unsuitable to learn: Updates on the ACA Supreme Court case Changes to employee retention credit for 2021 Outlooks for tax increases Learn more about this topic: Listen: “https://www.reacpa.com/insight/episode-271-more-than-taxes-tax-pros-tackle-cares-act-ppp-erc-this-busy-season/ (Tax Pros Tackle CARES Act, PPP & ERC This Busy Season)” Read: “https://www.reacpa.com/insight/understanding-the-tax-provisions-outlined-in-the-new-stimulus-package/ (Consolidated Appropriations Act of 2021 | Tax Provisions Explained)” Listen: “https://www.reacpa.com/insight/episode-273-busy-season-just-got-busier-tax-updates-deadlines-bidens-plan/ (Busy Season Just Got Busier: Tax Updates, Deadlines, & Biden's Plan)”
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
The addition of robotic process automation in the workplace has been a spicy topic over the last few years. But, as you might expect, there are a lot of concerns out there – especially among those in the workforce who are worried that robotics will eventually be a replacement for the hard work we humans do every day. We’re going to separate fact from fiction when it comes to bots in the workplace and we’re bringing on Lesley Mast, a Rea principal and leader in our own efforts to implement robotic process automation. We’re going to talk about what it is, what it isn’t, and how it can be used to drive greater levels of efficiency all while freeing up your human workforce and taking your business to the next level! Listen to this episode of unsuitable to learn: What automation is and how it applies to businesses What can and can’t be automated Next steps for RPA Learn more about this topic: Read: “https://www.reacpa.com/insight/transforming-through-technology/ (Transforming Through Technology)” Read: “https://www.reacpa.com/insight/covid-19-is-accelerating-the-rise-of-the-digital-economy/ (Digital Advantage Post-COVID-19)” Listen: “https://www.reacpa.com/insight/episode-290-take-your-accounting-into-the-cloud/ (Take Your Accounting Into The Cloud)”
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
Back in March, we learned a lot about managed service providers versus managed security service providers. Today, Jorn Baxstrom and Shawn Richardson are back to talk about the operational differences between the two and whether the service provider you’re currently working with is focused on helping you hunt for problems in your business... or threats. Listen to this episode of unsuitable to learn: The difference between hunting for problems and hunting for threats The operational differences between MSP and MSSP Resources to learn more Learn more about this topic: Listen: “https://www.reacpa.com/insight/episode-276-msp-versus-mssp-whats-the-difference/ (MSP vs MSSP: What's The Difference)” Watch: “https://www.reacpa.com/insight/are-you-managing-your-cybersecurity-risk-exposure/ (Are You Managing Your Cybersecurity Risk Exposure?)” Read: “https://www.reacpa.com/insight/new-windows-printnightmare-vulnerability-is-a-nightmare-for-businesses/ (PrintNightmare Is A Nightmare For Businesses)”
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
These days, company culture is everything – especially with so many businesses competing for top talent. When a prospective employee is considering multiple opportunities, a winning company culture can ultimately seal the deal. What are you doing to improve yours? Culture design strategist, Steve Chaparro, has helped companies transform their workplace culture through intentional co-creation and communication and regularly talks about this topic as a keynote speaker. He shares what insights he has on developing an envy-inducing company culture. Listen to this episode of unsuitable to learn: How to lay the foundation of company culture How to change culture after a negative impact How to know when employees are happy (and how to keep them that way) Learn more about this topic: Listen: “https://www.reacpa.com/insight/episode-279-benefits-in-the-workplace/ (Employee Benefits in the Workplace)” Watch: “https://www.reacpa.com/insight/how-to-hire-more-employees-webinar/ (Hire More Employees and Keep Them Happy)” Listen: “https://www.reacpa.com/insight/episode-270-building-company-morale-in-a-virtual-world/ (How to Build Company Morale in a Virtual World)” If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
If you could work smarter and not harder, wouldn’t you? Most of us are looking for ways to maximize our time and work as efficiently as possible. Jillian Carpenter is an associate on Rea’s client advisory services team where she spends a lot of time with technology. She’s going to share some of the many virtues of QuickBooks Online with us and, ultimately, why she enjoys working with the program. She’s also going to throw in a few tips and best practices for those of you who are already using the program. Listen to this episode of unsuitable to learn: Converting from desktop QuickBooks to Online The best QuickBooks Online features Pro-tips for QuickBooks Online Learn more about this topic: Watch: “https://www.reacpa.com/insight/leaping-into-the-cloud-with-quickbooks-online/ (Leaping Into The Cloud With QuickBooks Online)” Read: “https://www.reacpa.com/insight/quickbooks-for-businesses-looking-for-a-boost/ (QuickBooks Online Vs. QuickBooks Desktop)” Listen: “https://www.reacpa.com/insight/episode-188-zen-and-the-art-of-bookkeeping/ (Zen and the Art of Bookkeeping)” If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
If your business manages an employee benefit plan, there are some pretty big changes coming down the pipeline that you need to know about... and they go by the name of SAS 136. Kim Veal, a leader on Rea’s ERISA team, is here to walk us through what’s changing, how it will impact your businesses, and how you can avoid complications during the audit process by preparing for SAS 136 today. Listen to this episode of unsuitable to learn: What’s changing with SAS 136 and how it impacts businesses The new responsibilities companies face What businesses can do to prepare Learn more about this topic: Read: “https://www.reacpa.com/insight/essential-information-may-be-hiding-in-plain-sight/ (What Is SAS 114)” Listen: “https://www.reacpa.com/insight/episode-279-benefits-in-the-workplace/ (Employee Benefits in the Workplace)” Watch: “https://www.reacpa.com/insight/how-to-hire-more-employees-webinar/ (How to Hire More Employees & Keep Them Happy)” If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
Cyber threats and data breaches are making the news more and more. It’s a terrible thing when it happens to any business, but when your business does work for the government it’s particularly bad – it’s a national security issue. The Department of Defense recently implemented The Cybersecurity Maturity Model Certification to help protect America as well as businesses that work for the Department of Defense. Ty Whittenburg, a senior team member on Rea’s cybersecurity and data protection team, is here to explain what CMMC is, what it means for business, and how business owners can implement the processes necessary. Listen to this episode of unsuitable to learn: What CMMC is What’s in a System Security Plan How to implement CMMC requirements Learn more about this topic: Watch: “https://www.reacpa.com/insight/deep-impact-are-you-on-a-collision-course-with-cmmc/ (CMMC: Are You on a Collision Course?)” Listen: “https://www.reacpa.com/insight/episode-276-msp-versus-mssp-whats-the-difference/ (MSP vs MSSP: What's the Difference?)” Read: “https://www.reacpa.com/insight/are-there-holes-in-your-data-security-infrastructure/ (Are There Holes in Your Data Security Infrastructure?)” If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
Persuading somebody to change their mind about anything or to make a change in some aspect of their life is not an easy task – but it can be done. Brian Ahearn has literally written the book on the art of persuasion and influence: it’s called https://www.amazon.com/Persuasive-Selling-Relationship-Driven-Insurance/dp/173317852X (Persuasive Selling for Relationship Driven Insurance Agents.) His first book, https://www.amazon.com/Influence-PEOPLE-Powerful-Everyday-Opportunities/dp/1733178503 (Influence PEOPLE,) was an Amazon bestseller and was named among the Top 100 Influence Books of All Time. Brian joins us to explain how your ability to master persuasion has a direct impact on your bottom line. Listen to this episode of unsuitable to learn: What pre-suasion is The importance of persuasion in selling The DEAL model for persuading people Learn more about this topic: Listen: “https://www.reacpa.com/insight/episode-219-revealing-the-psychology-of-persuasion/ (Revealing the Psychology of Persuasion)” Book: https://www.amazon.com/Persuasive-Selling-Relationship-Driven-Insurance/dp/173317852X (Persuasive Selling for Relationship Driven Insurance Agents) Read: “https://www.reacpa.com/insight/the-definitive-list-top-100-professional-development-resources/ (The Definitive List: Top 100 Professional Development Resources)” If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
COVID has significantly impacted all aspects of our lives – especially from a financial perspective. Doug Feller, a principal with Investment Partners, has watched the COVID fallout closely with regard to the changes in financial planning habits. Today he’s going to share his observations and give us some tips to help us get back on track. Listen to this episode of unsuitable to learn: The upside of having a financial plan How spending habits have changed Changes in how clients adopted technology Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-277-how-to-plan-for-your-permanent-vacation-retirement/ (The Permanent Vacation) Read: https://www.reacpa.com/insight/never-underestimate-the-power-of-automatic-enrollment/ (Never Underestimate The Power Of Automatic Enrollment) Read: https://www.reacpa.com/insight/cash-flow-tips-for-improvement/ (Tips For Improving Cash Flow)
If you like this episode of unsuitable on Rea Radio hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
If there’s one thing that never goes out of style it’s “succession planning.” That’s because owners want to ensure that the business they’ve dedicated their lives to is going to provide them with a desirable outcome – all while allowing them to retire worry-free. While planning for an ownership transition isn’t necessarily the easiest task you’ll undertake, it can be rewarding – particularly if you work with the right advisors. Tim Jamison has been the “right advisor” for many business owners over the years. As a CPA and director at Prairie Capital Advisors, Tim has helped pave the way through many ownership transitions. Listen to this episode of unsuitable to learn: The various forms of ownership transitions that a business owner should consider What business owners can do to prepare for ownership transition The risks to be aware of during ownership transition Learn more about this topic: Read: https://www.reacpa.com/insight/its-time-to-reassess/ (It's Time To Reassess Your Business | Turn Lemons Into Lemonade) Listen: https://www.reacpa.com/insight/episode-243-succession-planning-how-to-leave-your-business-in-the-right-hands-when-you-retire/ (Bill Ubbing Talks Succession Planning | Retirement For Business Owners) Read: https://www.reacpa.com/insight/secure-act-ushers-in-substantial-retirement-plan-changes/ (SECURE Act Ushers In Substantial Retirement Plan Changes) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
Rea & Associates continues to advocate alongside the Ohio Society of CPAs to help build a better business climate throughout the state. Because Ohio Society members work closely with most businesses state-wide, people often reach out to it for its holistic insight into the business community. Scott Wiley is the Ohio Society’s executive director. Since joining the OSCPA in 2013, Scott has made considerable strides to strengthen the organization and its mission of promoting more substantial businesses and a better regulatory environment throughout the state. In doing so, he continues to help make the Buckeye State more competitive by fostering diversity, equity, and inclusion. He talks about how the Ohio Society is furthering its mission over the next year and beyond. Listen to this episode of unsuitable to learn: What the OSCPA is doing to make Ohio more competitive What the DEI initiatives are How Ohio is rethinking business as usual Learn more about this topic: Listen: https://www.reacpa.com/insight/269-the-rise-of-central-ohios-development-one-columbus/ (The Rise Of Central Ohio's Development) Read: https://www.reacpa.com/insight/an-update-on-the-construction-industry-covid-19-oscpa/ (An Update On The Construction Industry & COVID-19 – OSCPA) Listen: https://www.reacpa.com/insight/episode-264-real-estate-developers-contractors-manufacturers-oh-my/ (Episode 264: Real Estate Developers, Contractors, & Manufacturers … Oh My!) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Remember that old saying: “It takes a community to protect a child?” Well, since COVID hit, it’s become obvious that it also takes a community to protect local business. Fortunately for businesses everywhere, there are incredible community resources to pull from. Jennifer McDonald, president and CEO of the Licking County Chamber of Commerce, shares what the chamber has done to help Licking County-area businesses over the last year. We also discuss the many reasons business owners should reach out to their local chambers if they haven’t done so already. Listen to this episode of unsuitable to learn: Lessons learned during COVID How the Chamber of Commerce in Licking County is helping businesses Trends, opportunities, and challenges in the community
Learn more about this topic: Read: https://www.reacpa.com/insight/equal-opportunities-to-succeed/ (Equal Opportunities To Succeed) Watch: https://www.reacpa.com/insight/the-manufacturing-outlook-managing-business-growth-profitability-in-a-covid-19-world/ (The Manufacturing Outlook 2020 Webinar Series | Growth & Profitability) Read: https://www.reacpa.com/insight/covid-19-is-accelerating-the-rise-of-the-digital-economy/ (Digital Advantage Post-COVID-19 | Client Advisory Services)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
Remote work has become the new normal, and as a business owner, you can’t help but wonder how this will affect your business during tax seasons to come. Kathy LaMonica, principal and senior manager of Rea’s State and Local Tax (SALT) team is here to discuss the layers of remote work and what landmines do you need to be aware of, registering for payroll taxes in new states, and more. Listen to this episode of unsuitable to learn: What remote work looks like for SALT What out-of-state employment means Registering for taxes in new states
Learn more about this topic: Read: https://www.reacpa.com/insight/irs-endorses-state-local-tax-deduction-cap-workaround/ (IRS Endorses State And Local Tax Deduction Cap Workaround) Listen: https://www.reacpa.com/insight/under-pressure-states-turn-to-businesses-to-bridge-the-revenue-gap/ (States Turn To Businesses To Bridge Revenue Gap) Listen: https://www.reacpa.com/insight/episode-275-ohio-state-local-tax-update/ (Ohio's State And Local Tax Update)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
“Sales” has a bad reputation. When you think about somebody who “sells” for a living, what type of person do you think about? Does the image of a pushy car salesman come to mind? Or maybe you’re thinking about a conversation you had with pushy telemarketers during dinner? Why does the very thought of “sales” leave such a bad taste in our mouth? On this episode of unsuitable, we are pleased to have notable keynote speaker, best-selling author, and salesman extraordinaire Todd Cohen with us to answer a few questions all business owners and community leaders have pondered at one point or another. Hopefully, by the time today’s show comes to an end, we will all be motivated to get out there and start selling. Listen to this episode of unsuitable to learn: Why sales seems so scary to people How anyone can sell effectively and successfully Getting over the fear of sales
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-279-benefits-in-the-workplace/ (Employee Benefits In The Workplace) Read: https://www.reacpa.com/insight/7-habits-of-highly-successful-marketers/ (7 Habits of Highly Successful Marketers) Listen: https://www.reacpa.com/insight/episode-278-when-businesses-nonprofits-work-together-everybody-wins/ (Working Together: Businesses & Nonprofits)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
How important is your company’s brand? As a business leader, you’ve worked hard to build a company on key values, instill solid company culture, and deliver an excellent experience. These qualities have all shaped your business’s brand. But what if you were faced with a really tempting opportunity or a decision that would ultimately take you out of sync with the brand you work so hard to build. What would you do? Brad Circone is a branding expert who has helped develop the brand voice of countless companies. We’re going to talk about why brand is, ultimately, so important to the future success of your organization. Listen to this episode of unsuitable to learn: How to know when to break the rules The value of story holders How to reframe your brand
Learn more about this topic: Listen: https://www.reacpa.com/insight/how-a-bad-band-with-a-great-brand-secured-a-million-dollar-record-deal/ (How A Bad Band With A Great Brand Secured $3.6M Record Deal) Read: https://www.reacpa.com/insight/7-habits-of-highly-successful-marketers/ (7 Habits of Highly Successful Marketers) Listen: https://www.reacpa.com/insight/episode-270-building-company-morale-in-a-virtual-world/ (How To Build Company Morale In A Virtual World)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
These days, work is no longer defined by showing up at 8, punching a clock, doing your job, and getting outta there at 5. Employees are increasingly shaping the workforce and they are demanding a business environment that prioritizes health, well-being, psychological safety, flexible work options, DEI, and more. Karen Sating, a leader on Rea’s HR team shares what Rea is doing to shape the work-place environment and reinforce a “people-first” culture. Perhaps our conversation today will provide you with some ideas about how to take your own organization to that next level – particularly as you continue to compete for top talent. Listen to this episode of unsuitable to learn: How to create flexible work options Ways to prioritize health, well-being, and psychological safety Handling talent acquisition, development, and retention remotely Learn more about this topic: Read: https://www.reacpa.com/insight/post-covid-workplace-re-entry-considerations/ (Post-COVID Workplace Re-Entry Considerations) Listen: https://www.reacpa.com/insight/episode-270-building-company-morale-in-a-virtual-world/ (How To Build Company Morale In A Virtual World) Watch: https://www.reacpa.com/insight/peeling-back-the-layers-of-remote-work-employee-compliance-state-local-tax-payroll/ (The Risks Of Remote Work Policies) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Relationships are the cornerstone of any good organization and initiative. What we’ve learned over the years is that the stronger the relationship, the more success you are likely to achieve. When it comes to the topic of relationships, there are so many avenues we could take. In this episode of unsuitable, we are going to take a look at the incredible relationship that has formed between Travis Gulling, executive director of A Kid Again, and Rick Ricart, president of Ricart Automotive Group, and how working together has helped fill the lives of area children, all of whom are battling life-threatening illnesses, with adventure. Listen to this episode of unsuitable to learn: What “A Kid Again” is and provides for families How the organization pivoted during COVID-19 How to get involved Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-271-more-than-taxes-tax-pros-tackle-cares-act-ppp-erc-this-busy-season/ (Tax Pros Tackle CARES Act, PPP & ERC This Busy Season) Read: https://www.reacpa.com/insight/understanding-the-tax-provisions-outlined-in-the-new-stimulus-package/ (Consolidated Appropriations Act of 2021 | Tax Provisions Explained) Read: https://www.reacpa.com/insight/searching-for-a-tax-exempt-organization/ (Exempt Organizations Check | IRS Non-Profit Search Tool)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (reacpa.com/podcast).
People tend to spend more time thinking about and planning their next family vacation than they do thinking about and planning for retirement. As a result, they are ill-equipped to make that inevitable leap into their Golden Years when the time finally does come. Darlene Finzer, a Later Life Planning expert at Rea & Associates, is here to discuss what later life planning is, why it’s important, and how a professional in this field can help you plan – and experience – the retirement of your dreams. Listen to this episode of unsuitable to learn: What the Later Life Planning Services are Why Later Life Planning is important Why to work with a professional Learn more about this topic: Read: https://www.reacpa.com/insight/never-underestimate-the-power-of-automatic-enrollment/ (Never Underestimate The Power Of Automatic Enrollment) Read: https://www.reacpa.com/insight/now-later-dont-just-plan-for-your-next-vacation/ (Now & Later: Don't Just Plan For Your Next Vacation) Listen: https://www.reacpa.com/insight/episode-259-how-to-prepare-for-the-financial-anxiety-of-retirement/ (How To Prepare For The Financial Anxiety Of Retirement) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Do you know the difference between a “Managed Service Provider” and a “Managed Security Service Provider”? While they may have similarities, there are some crucial differences between the two – starting with the fact that managed security service providers lead with a security and risk-first approach. Shawn Richardson and Jorn Baxstrom, leaders on Rea’s cybersecurity and data protection services team, are here to explain these differences and why your business should be paying attention to who is responsible for your data. Listen to this episode of unsuitable to learn: The difference between MSPs and MSSPs How managed security services differ between vendors and partners The importance of monitoring your data and knowing who owns it Learn more about this topic: Watch: https://www.reacpa.com/insight/are-you-managing-your-cybersecurity-risk-exposure/ (Are You Managing Your Cybersecurity Risk Exposure?) Read: https://www.reacpa.com/insight/what-could-a-cybercriminal-do-to-your-dental-practice/ (Dental Practice Protection From Cybercriminals) Listen: https://www.reacpa.com/insight/how-are-they-stealing-my-information-fraud-protection-101/ (Episode 266: How Are They Stealing My Information? Fraud Protection 101) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Even though the 2021 tax season is coming to an end, if you are a business owner, taxes should always be a topic of consideration — especially your tax obligations at the state and local levels. Luke Lucas, a senior manager on Rea & Associates’ state and local tax team, is here to give us some insight into how different states have responded to the CARES Act, federal tax updates, and ongoing nexus guidance. He also explains how state and local taxes impact businesses all year long and what you should do to minimize your liability. Listen to this episode of unsuitable to learn: What state responses to the CARES Act and Consolidated Appropriations Act have been like The changes that have taken place during the pandemic How 2021 budgets have changed and what to look out for
Learn more about this topic: Read: https://www.reacpa.com/insight/2020-21-tax-guide-provides-clarification-for-businesses-individuals/ (2020-21 Tax Guide Provides Clarification For Businesses, Individuals) Listen: https://www.reacpa.com/insight/episode-273-busy-season-just-got-busier-tax-updates-deadlines-bidens-plan/ (Busy Season Just Got Busier: Tax Updates, Deadlines, & Biden's Plan | Business Podcast) Listen: https://www.reacpa.com/insight/episode-271-more-than-taxes-tax-pros-tackle-cares-act-ppp-erc-this-busy-season/ (Episode 271: More Than Taxes: Tax Pros Tackle CARES Act, PPP, & ERC This Busy Season)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
2020 taught us many lessons, mainly that you will never truly be prepared for everything no matter how hard you try. Even so, understanding the essential functions of your business may help keep you going strong until you can get back on course. Andrew Geiser, a senior manager on Rea & Associates’ manufacturing and distribution services team, shares his projections for 2021. Listen to this episode of unsuitable to learn: How the labor market may be affected by unemployment extensions Why marketing and sales work are essential to the functions of a business What projects are in the works for the future Learn more about this topic: Read: https://www.reacpa.com/insight/2020-21-tax-guide-provides-clarification-for-businesses-individuals/ (2020-21 Tax Guide Provides Clarification For Businesses, Individuals) Listen: https://www.reacpa.com/insight/episode-264-real-estate-developers-contractors-manufacturers-oh-my/ (Real Estate Developers, Contractors, & Manufacturers) Read: https://www.reacpa.com/insight/sba-releases-interim-final-rule-extends-ppp-eligibility/ (SBA Releases Interim Final Rule, Extends PPP Eligibility)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
The 2021 busy season just got busier for tax professionals. Working through the results of the recent election, new tax provisions resulting from an ongoing pandemic, and more, business owners will have to be prepared to look at things a little differently in the year ahead. Chris Axene, a principal on Rea’s federal tax team, explains what accountants and tax pros are working through today, what businesses can expect going forward, and how to plan for these changes. Listen to this episode of unsuitable to learn: The major updates made to tax provisions that impact 2021 What to look out for with Biden’s plan The deadlines this year and advice for the busy season Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-271-more-than-taxes-tax-pros-tackle-cares-act-ppp-erc-this-busy-season/ (Tax Pros Tackle CARES Act, PPP & ERC This Busy Season) Read: https://www.reacpa.com/insight/how-the-consolidated-appropriations-act-will-impact-your-state-local-tax-filings/ (How The Consolidated Appropriations Act Will Impact Your State & Local Tax Filings) Read: https://www.reacpa.com/insight/understanding-the-tax-provisions-outlined-in-the-new-stimulus-package/ (Consolidated Appropriations Act of 2021 | Tax Provisions Explained)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Charitable giving in 2020 looked a lot different than anyone could have expected. Policy changes, tax updates, and a larger share of household giving than the preceding year all played a role. Laura MacDonald, principal and founder of Benefactor Group, is here to provide insight into what she witnessed as a leader in the nonprofit space during 2020 and what opportunities nonprofits and individuals alike might want to consider in 2021. Listen to this episode of unsuitable to learn: The opportunities COVID relief brought tax-wise What to consider when selecting recipients of charitable gifts How to plan your gifts for strategic impact Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-271-more-than-taxes-tax-pros-tackle-cares-act-ppp-erc-this-busy-season/ (Tax Pros Tackle CARES Act, PPP & ERC This Busy Season) Read: https://www.reacpa.com/insight/understanding-the-tax-provisions-outlined-in-the-new-stimulus-package/ (Consolidated Appropriations Act of 2021 | Tax Provisions Explained) Read: https://www.reacpa.com/insight/searching-for-a-tax-exempt-organization/ (Exempt Organizations Check | IRS Non-Profit Search Tool | Ohio CPA Firm) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
The busiest time of year for tax professionals is about to get a lot busier - thanks to the CARES Act, PPP Second Draw Loans (not to mention PPP 1.0), and the Employee Retention Credit (ERC). There are a lot of questions facing business owners and it's up to the tax professionals to provide them with the answers they're looking for. But, it's fair to say, they are up to the challenge. On this week's episode of unsuitable on Rea Radio, Greg Speece and Melissa Dunkle, two principals and tax superstars on Rea & Associates' federal tax team are going to talk about potential tax law changes, stimulus updates, the employee retention credit (ERC), and lingering issues from the CARES Act. Listen to this episode of unsuitable to learn: Stimulus updates Potential tax law changes 2021 projections for the tax season Learn more about this topic: Read: https://www.reacpa.com/insight/ppp-2-0-frequently-asked-questions/ (PPP 2.0: Frequently Asked Questions) Read: https://www.reacpa.com/insight/why-your-business-should-invest-in-tax-and-accounting-services/ (Why Your Business Should Invest in Tax And Accounting Services) Watch: https://www.reacpa.com/insight/understanding-the-employee-retention-credit/ (Understanding The Employee Retention Credit) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Creating company morale in a virtual world can be quite difficult, but it’s not impossible. Abbey Kanellakis, Practice Growth Senior Manager at Rea, is going to talk about our initiatives within Rea to keep virtual life engaging, known as the Committee of Awesomeness. Listen to this episode of unsuitable to learn: The challenges with keeping up morale in a remote environment How to increase the connection through virtual platforms How to get people involved in the process
Learn more about this topic: Read: https://www.reacpa.com/insight/a-little-appreciation-goes-a-long-way/ (Appreciation In The Workplace) Read: https://www.reacpa.com/insight/3-signs-your-company-needs-an-hr-consultant/ (3 Signs Your Company Needs An HR Consultant) Listen: https://www.reacpa.com/insight/episode-217-improving-your-life-vision-with-20-20-gratitude/ (Gratitude Strategies For Business & Life)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
One Columbus has a vision for the Columbus Region to be the most prosperous region in the United States — that means growing businesses, preparing communities, and more. Chip Holcombe, Director of Investor Relations at Columbus 2020, joins unsuitable to give us a little insight about the One Columbus plan. Listen to this episode of unsuitable to learn: What the One Columbus Work Plan is The vision for the plan and how it’s being marketed Involving the community in the plan
Learn more about this topic: Read: https://www.reacpa.com/insight/an-update-on-the-construction-industry-covid-19-oscpa/ (An Update On The Construction Industry & COVID-19 – OSCPA) Read: https://www.reacpa.com/insight/7-steps-construction-and-real-estate-professionals-need-to-take-in-2021/ (7 Steps Construction And Real Estate Professionals Need To Take In 2021) Listen: https://www.reacpa.com/insight/episode-264-real-estate-developers-contractors-manufacturers-oh-my/ (Episode 264: Real Estate Developers, Contractors, & Manufacturers … Oh My!)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Keeping your organization’s information and computer systems safe can be tricky, but assessing current processes and recommending new and innovative software could put you on the right path to grow your organization. Darrell Williams, Chief Information Officer at Rea & Associates, joins unsuitable to talk about a few IT initiatives Rea is doing to ensure information safety. Listen to this episode of unsuitable to learn: How IT enhances remote experiences to create better relations between people at a firm How to create one firm out of 15 offices Changes in the IT world in 2021
Learn more about this topic: Read: https://www.reacpa.com/insight/covid-19-is-accelerating-the-rise-of-the-digital-economy/ ("Digital Advantage Post-COVID-19 | Client Advisory Services") Listen: https://www.reacpa.com/insight/episode-235-telecommuting-how-to-embrace-the-workplace-of-the-future/ ("Telecommuting & The Workplace of The Future | Ohio Business Podcast") Read: https://www.reacpa.com/insight/running-remotely/ (“Running Business Remotely | Technology, Trust, Tax”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
The tough part about developing your organization's employee development strategy is forgetting the fact that one size can’t fit all. Annie Yoder, Principal and Director of Development at Rea & Associates, joins unsuitable to talk about how you can balance employee development amongst a broad scale and the differences between Coaching, Mentorship, and Advocacy. Listen to this episode of unsuitable to learn: How to balance different learning styles Advice for training during a pandemic Similarities and differences between coaching, mentorship, and advocacy
Learn more about this topic: Read: https://www.reacpa.com/insight/3-signs-your-company-needs-an-hr-consultant/ (3 Signs Your Company Needs An HR Consultant) Listen: https://www.reacpa.com/insight/business-owners-cant-do-it-all/ (Business Owners Can’t Do It All) Read: https://www.reacpa.com/insight/data-driven-opportunities-for-all/ (Data-Driven Opportunities For All)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
It’s no secret that bad actors are getting sneakier, but with the right tips, you can protect your organization from fraud. Karen Davis, owner and founder of Green Oak Advisors, LLC is here to talk about fraud and how it can impact your accounting processes. Listen to this episode of unsuitable to learn: What fraud is and how it occurs The reasons fraud occurs The precautions employees or clients should take
Learn more about this topic: Read: https://www.reacpa.com/insight/protect-your-business-from-covid-19-cyber-attacks-in-3-steps/ (Protect Your Business From COVID-19 Cyber Attacks In 3 Steps) Read: https://www.reacpa.com/insight/how-strong-are-your-internal-controls/ (Internal Controls | Segregation of Duties | Fraud) Listen: https://www.reacpa.com/insight/episode-236-how-to-uncover-fraud-in-your-organization/ (How To Uncover Fraud In Your Organization)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
With the long-lasting effects of the election and pandemic, you have to wonder how much this will make a mark on your future…. or the legacy you wish to leave behind. Inez Bowie, Principal at Rea & Associates, is here to talk about Estate Planning and how recent events may impact your plan. Listen to this episode of unsuitable to learn: Recommendations for estate planning considerations regarding COVID-19 The changes we may see in Biden’s legislative proposal Trends and development in estate planning
Learn more about this topic: Read: https://www.reacpa.com/insight/estate-planning-an-uncomfortable-necessity-for-business-owners/ (Estate Planning Explained | Estate Taxes For Business Owners) Read: https://www.reacpa.com/insight/understanding-the-tax-provisions-outlined-in-the-new-stimulus-package/ (Consolidated Appropriations Act of 2021) Listen: https://www.reacpa.com/insight/episode-261-government-updates-new-merger-considerations-for-clients/ (Government Updates: Merger & Considerations For Clients)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
While many industries suffered in 2020, construction has actually seen a lot of opportunities. Operating a business in 2020 still comes with its own unique set of challenges, but we’re optimistic about the state of the industry in 2021. Joe Urquhart, Vice President of Overmyer Hall Associates, joins unsuitable to talk about construction trends we are seeing, insurance and risk management issues you may be facing, and our third annual construction event. Listen to this episode of unsuitable to learn: Insurance and risk management issues for contractors What should business owners be expecting in 2021? How you can attend our virtual January Kickoff construction event on Jan. 22, 2022
Learn more about this topic: Read: https://www.reacpa.com/insight/are-you-aware-of-these-5-construction-industry-risks/ (“Are You Aware Of These 5 Construction Industry Risks?”) Read: https://www.reacpa.com/insight/irs-issues-guidance-that-impacts-deductibility-of-expenses-related-to-ppp-loan-funds/ (“IRS Issues Guidance That Impacts Deductibility Of Expenses Related To PPP Loan Funds”) Listen: https://www.reacpa.com/insight/episode-258-how-to-protect-your-workplace-construction-manufacturing-safety/ (“Episode 258: How To Protect Your Workplace: Construction & Manufacturing Safety”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
There is so much change happening in the world of HR and safety guidelines every day. It can be a struggle keeping up with everything. Luckily, we have experts like Renee West, Senior Manager and Lead HR Consultant at Rea & Associates, keeping tabs on everything for us. She tells us about some of the updates regarding the FFCRA, what resources are available for employers around new CARES Act guidelines, and how COVID-19 impacts unemployment. Listen to this episode of unsuitable to learn: Updates regarding FFCRA leaves set to expire December 31st, 2020 Resources are available for employers with CDC updates regarding COVID and new guidelines Unemployment and COVID-19 eligibility Learn more about this topic: Watch: https://www.reacpa.com/insight/next-steps-in-covid-19-protocols-compliance/ (Next Steps In COVID-19 HR Protocols & Compliance) Read: https://www.reacpa.com/insight/irs-endorses-state-local-tax-deduction-cap-workaround/ (IRS Endorses State And Local Tax Deduction Cap Workaround) Listen: https://www.reacpa.com/insight/episode-259-how-to-prepare-for-the-financial-anxiety-of-retirement/ (How To Prepare For The Financial Anxiety Of Retirement | Featuring Chris Hensel)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
It’s been a weird year for just about everyone and everything, the economy included. So, this year’s end-of-year to-do list is a little weird, too. To help us understand what’s different this year and some of the unique opportunities available to us, we sat down with Dee Gray, Client Service Specialist at Rea & Associates. We talk about COVID-19 sick pay and the credits available, as well as W2 reporting, Employee Retention Credit, Social Security deferral options—both employer and employee—and W2 issues involved in the employee deferral. Listen to this episode of unsuitable to learn: COVID-19 sick pay and how it affects W-2 reporting The effect of employee retention credits Social security deferral options and the potential issues involved
Learn more about this topic: Watch: https://www.reacpa.com/insight/new-cares-act-funding-to-help-small-business-nonprofits/ ("New CARES Act Funding To Help Small Business & Nonprofits") Read: https://www.reacpa.com/insight/irs-addresses-the-presidents-executive-order-on-employee-payroll-tax-deferral-in-notice-2020-65/ ("Payroll Tax Deferral Insight") Read: https://www.reacpa.com/insight/irs-issues-guidance-that-impacts-deductibility-of-expenses-related-to-ppp-loan-funds/ (“IRS Issues Guidance That Impacts Deductibility Of Expenses Related To PPP Loan Funds”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
COVID-19 continues to make major impacts especially in government funding. So we sat down with Zac Morris, Principal and Director of Government Services Practice at Rea & Associates, and Ken Richards, Principal at Rea & Associates, to talk about the latest and greatest in government funding and our most recent merger with Kennedy Cottrell Richards (KCR).
Listen to this episode of unsuitable to learn: What should businesses be prepared for when it comes to government spending in 2021? The long-term effects of 2020’s reduced tax payments What we can learn from The Great Recession
Learn more about this topic: Webinar: https://www.reacpa.com/insight/next-steps-in-covid-19-protocols-compliance/ (“Next Steps In COVID-19 Protocols & Compliance”) Read: https://www.reacpa.com/insight/irs-issues-guidance-that-impacts-deductibility-of-expenses-related-to-ppp-loan-funds/ (“IRS Issues Guidance That Impacts Deductibility Of Expenses Related To PPP Loan Funds”) Listen: https://www.reacpa.com/insight/under-pressure-states-turn-to-businesses-to-bridge-the-revenue-gap/ (“Episode 255: Under Pressure: States Turn To Businesses To Bridge The Revenue Gap”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
As new trends emerge in today’s society, it’s important that industries follow suit. That’s why Don Gregory, Director and Chair of Construction Law Practice at Kegler, Brown, Hill & Ritter, and Mike Madigan, Director at Kegler Brown, are here to share the top trends and issues in the corporate legal industry, as well as what they foresee for 2021. Listen to this episode of unsuitable to learn: The current state of the corporate legal industry Issues in the legal space that might affect your business What to expect from 2021 and after the election
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-226-legal-risks-and-how-to-avoid-them/ (“Episode 226: Legal Risks And How To Avoid Them”) Listen: https://www.reacpa.com/insight/episode-247-its-an-election-year-what-should-i-be-asking-my-cpa/ (“Episode 247: It’s An Election Year, What Should I Be Asking My CPA?”) Read: https://www.reacpa.com/insight/you-built-a-business-you-grew-its-value-now-you-need-to-protect-it/ (“You Built A Business. You Grew Its Value. Now You Need To Protect It.”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
There are a lot of unknowns right now when it comes to the political environment, and that doesn’t help with the uncertainty that surrounds retirement. But there are still things you can control. Chris Hensel, Principal at Investment Partners, joins the show to share insight on how you can calm your financial anxiety about retirement. Listen to this episode of unsuitable to learn: What an investment advisor does and how they can assist you What to do when approaching retirement How to prepare for the financial anxiety of retirement
Learn more about this topic: Read: https://www.reacpa.com/insight/social-security-questions-answered/ ("Darlene Finzer Answers Social Security Questions") Listen: https://www.reacpa.com/insight/episode-257-riding-the-rollercoaster-to-retirement/ ("Episode 257: Riding The Rollercoaster To Retirement") Read: https://www.reacpa.com/insight/retirement-is-knocking/ (“Six Practical Tips For Retirement Readiness”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Finding solutions to reduce the risk of employee injuries can be difficult, especially with the minimal regulations for construction industries. Travis Spagnolo, Certified Safety Specialist at Safex, joins this episode of unsuitable to share a few best practices and stories on how your workplace can prevent serious injury. Listen to this episode of unsuitable to learn: Updates to lockout/tagout requirements Differences in general industry and construction requirements Unique guarding and lockout scenarios
Learn more about this topic: Watch: https://www.reacpa.com/insight/elements-of-risk-in-construction/ ("Elements of Risk In Construction") Listen: https://www.reacpa.com/insight/episode-187-what-are-you-walking-into/ (episode 187 – what are you walking into?) Read: https://www.reacpa.com/insight/you-built-a-business-you-grew-its-value-now-you-need-to-protect-it/ (“You Built A Business. You Grew Its Value. Now You Need To Protect It.”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Retirement comes with many ups and downs, but knowing your retirement options and getting the proper assistance can help the ride go smoother. And Kim Veal, Supervisor at Rea & Associates, is here to give insight on what to expect with your retirement plan and how you can receive help. Listen to this episode of unsuitable to learn: What you should know about your retirement plan How to get help What to expect when you’re expecting to retire
Learn more about this topic: Read: https://www.reacpa.com/insight/retirement-is-knocking/ ("Six Practical Tips For Retirement Readiness") Listen: https://www.reacpa.com/insight/episode-232-how-changes-to-retirement-plans-make-everybody-more-secure/ (“Episode 232: How Changes To Retirement Plans Make Everybody More Secure”) Read: https://www.reacpa.com/insight/secure-act-ushers-in-substantial-retirement-plan-changes/ (“SECURE Act Ushers In Substantial Retirement Plan Changes”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
There is nothing scarier than a tax audit gone wrong to haunt your dreams. Knowing the keys to success or failure may save you time, money, and an audit nightmare. Michaela McGinn, Principal and Director of Assurance Services at Rea & Associates, is here to share a few best practices to help you prevent a tax audit horror story. Listen to this episode of unsuitable to learn: Collaboration pros and cons Filling the communication gap Effective project management
Learn more about this topic: Read: https://www.reacpa.com/insight/its-time-to-reassess/ (It's Time To Reassess Your Business) Read: https://www.reacpa.com/insight/income-tax-return-examinations-of-high-income-individuals-to-begin-july-15/ (Income Tax Return Examinations Of High-Income Individuals To Begin July 15) Read: https://www.reacpa.com/insight/dont-wait-for-an-i-9-audit/ (Don’t Wait For An I-9 Audit)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
States are under pressure and looking for businesses to help bridge the gap. Increased expenses, decreased revenue, and minimal support are a few things that they are battling with. Joe Popp, Principal and Director of SALT Services, is here to give insight on state revenues and departments, tips that could help preserve state business, and what you can do to not be at risk. Listen to this episode of unsuitable to learn: Why states are under so much financial pressure right now What is happening in Ohio and other states right now What to consider as a taxpayer
Learn more about this topic: Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center) Read: https://www.reacpa.com/insight/covid-19-is-accelerating-the-rise-of-the-digital-economy/ (“COVID-19 Is Accelerating The Rise Of The Digital Economy”) Read: https://www.reacpa.com/insight/searching-for-a-tax-exempt-organization/ (“Searching for a Tax Exempt Organization?”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Having a strong foundation is required in anything you build—and that’s no different when you’re working to create a better business. Today, Scott Bechtel, Principal at Rea & Associates, is here to give insight on the construction industry, what he foresees in the future, and how you can create a strong foundation for your business by choosing the right advisor. Listen to this episode of unsuitable to learn: How the construction industry is adapting Where the construction industry is headed Getting involved at a local level
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-250-covid-19-isnt-disturbing-construction-anytime-soon/ ("COVID-19 Isn't Disturbing Construction Anytime Soon") Read: https://www.reacpa.com/insight/an-update-on-the-construction-industry-covid-19-oscpa/ (“An Update On The Construction Industry & COVID-19”) Read: https://www.reacpa.com/insight/coronavirus-valuing-your-business-during-uncertain-times/ (“Coronavirus: Valuing Your Business During Uncertain Times”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
As the world becomes more digital, you can be sure that cyber criminals are not slowing down. Today, we celebrate National Cyber Security Awareness Month with Shawn Richardson, Principal and Director of Cybersecurity Services at Rea & Associates, and Conner Mundy, Associate at Rea & Associates, to share the importance of cybersecurity and why you should be implementing these resources into your organization. Listen to this episode of unsuitable to learn: What cybersecurity can do for your business How to keep remote workers safe The top 5 steps to a safer network
Learn more about this topic: Read: https://www.reacpa.com/insight/protect-your-business-from-covid-19-cyber-attacks-in-3-steps/ (Protect Your Business From COVID-19 Cyber Attacks In 3 Steps) Read: https://www.reacpa.com/insight/one-wrong-click-can-spell-danger/ (Cyber Criminals Go Digital | Ransomware Attacks Local Business) Listen: https://www.reacpa.com/insight/episode-238-cybersecurity-post-covid-re-entry-survival/ (Cybersecurity & Post-COVID Re-Entry Concerns)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Industries continue to work towards pre-COVID conditions, and now that we are weathering through this storm we can’t help but look ahead. Brian Kempf, principal at Rea & Associates, shares his experience in the agricultural industry, the current economic impacts, what the industry may look like in the future, and the estate planning and tax considerations you should look at before the election. Listen to this episode of unsuitable to learn: The current state of the agriculture industry Why we’re seeing an increase in small farms What the agriculture industry will look like in 10 years
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-247-its-an-election-year-what-should-i-be-asking-my-cpa/ (It's An Election Year, What Should I Ask My CPA?) Read: https://www.reacpa.com/insight/business-risk-what-is-it-how-do-i-reduce-it/ (What Is Business Risk And How To Reduce It) Read: https://www.reacpa.com/insight/coronavirus-valuing-your-business-during-uncertain-times/ (“Coronavirus: Valuing Your Business During Uncertain Times”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Working toward normalcy is what we all are striving for, but it may take a little bit longer than we all anticipated - especially if you own and/or manage a restaurant or one of the other small- to mid-sized businesses that were hit especially hard by COVID-19. So, how can you survive economic uncertainty and rebound from the coronavirus crisis? The best place to start is to be proactive, manage your funds, and create new strategies within your business now with an eye to the future - because unfortunately, there is no timeline to what you have experienced and what you will likely experience moving forward. Today, Matt Long, director of client advisory services at Rea & Associates, and Matt Fish, restaurant entrepreneur and owner of Melt Bar & Grilled, headquartered in Cleveland, Ohio, are here to share their experiences during the COVID-19 pandemic and how they worked to manage the fallout of the economy in 2020. They are sharing their experience today in the hopes that others can follow their example tomorrow. Listen to this episode of unsuitable to learn: How some restaurants are surviving current economic conditions. The importance of being proactive with your banker. How to better manage your payroll. Learn more about this topic: Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center) Read: https://www.reacpa.com/insight/coronavirus-valuing-your-business-during-uncertain-times/ ("Coronavirus: Valuing Your Business During Uncertain Times") Listen: https://www.reacpa.com/insight/episode-240-how-to-tackle-your-businesss-cash-flow-cost-optimization-in-the-era-of-covid-19/ (Business Cash Flow & Cost Optimization In The Era Of COVID-19) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Businesses and individuals continue to be greatly affected by the lasting impact of COVID-19. But as we take a look at the industries across the board, construction may be one of the few that has had a positive outcome as a result. Today, David Catanese and Jack Kehl Surety from Overmyer Hall Associates share what they foresee for the construction industry and the impact of the current economic uncertainty. Listen to this episode of unsuitable to learn: The potential positive effects of COVID-19 on the construction industry Recommendations for next year Why contractors have failed in the past Learn more about this topic: Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center) Read: https://www.reacpa.com/insight/an-update-on-the-construction-industry-covid-19-oscpa/ ("An Update On The Construction Industry & COVID-19”) Read: https://www.reacpa.com/insight/coronavirus-valuing-your-business-during-uncertain-times/ ("Coronavirus: Valuing Your Business During Uncertain Times")
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Searching for business relationships that are right for your organization can be quite the challenge, but understanding your boundaries as a business and creating best practices to follow could be the key to a healthy relationship with your client. On this episode of unsuitable, Mark McKinley, Regional President of West Central Ohio at Rea & Associates is going to share his experience on how to run an effective business and the importance of finding the right consumers for you. Listen to this episode of unsuitable to learn: How you can focus on acquiring the right clients How to let your talent shine without micromanaging Building a culture of vulnerability
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-198-happy-employees-happy-business/ ("Episode 198: Happy Employees = Happy Business") Listen: https://www.reacpa.com/insight/episode-186-lead-your-own-sales-transformation/ ("Episode 186: Lead Your Own Sales Transformation") Listen: https://www.reacpa.com/insight/episode-96-how-to-build-relationships-that-drive-business-results/ ("Episode 96: How to Build Relationships That Drive Business Results")
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Staying compliant as an employer is more important than ever, but with ever-changing policies, it can be tough to keep up with the government's requirements. As businesses struggle with employee retention and recruitment, it is imperative that you understand the current regulations. Luckily, Renee West, senior manager at Rea & Associates, is going to break down the most recent COVID-19 regulations and best practices for employer retention and recruitment. Listen to this episode of unsuitable to learn: What are the most recent COVID regulations for safety and leaves and how can I as an employer be compliant? Techniques for retention, recruitment, and training Upcoming changes that employers should be looking out for Learn more about this topic: Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center) Listen: https://www.reacpa.com/insight/episode-241-going-up-covid-19s-impact-on-healthcare-costs/ (“Episode 241: Going Up? COVID-19’s Impact on Healthcare Costs”) Read: https://www.reacpa.com/insight/coronavirus-valuing-your-business-during-uncertain-times/ ("Coronavirus: Valuing Your Business During Uncertain Times")
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
With the 2020 elections approaching and the uncertainty of what the future holds for COVID-19, we can expect to see new legislation and tax-related provisions over the next few months. Today, Chris Axene, principal at Rea & Associates, shares some of the decisions we can expect to see from the Supreme Court, as well as some of the questions you should consider asking your CPA during an election year. Listen to this episode of unsuitable to learn: How it will affect you if the Supreme Court finds the Affordable Care Act unconstitutional when they rule on it this October The considerations to make when tax planning in an election year The cash flow opportunities for businesses and individuals due to COVID-related tax provisions
Learn more about this topic: Read: https://www.reacpa.com/insight/cares-act-features-opportunities-for-healthcare-organizations/ ("CARES Act Features Opportunities For Healthcare Organizations") Read: https://www.reacpa.com/insight/coronavirus-valuing-your-business-during-uncertain-times/ ("Coronavirus: Valuing Your Business During Uncertain Times") Read: https://www.reacpa.com/insight/covid-19-is-accelerating-the-rise-of-the-digital-economy/ ("COVID-19 Is Accelerating The Rise Of The Digital Economy")
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Embracing diversity and inclusion in the workplace is one of the many things that can strengthen your company culture (and bottom line), but a lot of employers don’t understand how and when to start taking action. So we invited Desiree Lyon, Human Resource Manager at Rea & Associates, onto the show to teach us about the importance of diversity in the workplace, the impact it has during the recruiting process, and the challenges that organizations and individuals may face along the way. Listen to this episode of unsuitable to learn: Why diversity and inclusion benefits all organizations — and their bottom lines How to take action as an employer What are some of the challenges of today’s society in regards to diversity and inclusion and how can we work through those? Learn more about this topic: Read: https://www.reacpa.com/insight/artificial-intelligence-streamlines-diversity-recruitment-strategies/ (“Artificial Intelligence Streamlines Diversity Recruitment Strategies”) Read: https://www.reacpa.com/insight/supreme-court-issues-ruling-on-lgbt-rights/ (“Supreme Court Issues Ruling On LGBT Rights”) Listen: https://www.reacpa.com/insight/episode-229-my-generations-better-than-yours/ (“Episode 229: My Generation’s Better Than Yours”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
In a short period of time, banks have drastically changed the way they operate in the hope of easing the financial anxiety in the marketplace. With commercial banks being at the epicenter of a financial storm, you can’t help but look at all the ways COVID-19 has affected the banking industry; with many challenges and changes, banks had the monumental task of keeping up with a slew of ever-changing demands. Today, Mike Misich, senior vice president and senior commercial banker at WesBanco, is going to share what this experience was like from the trenches while discussing the current state of the commercial banking industry. Listen to this episode of unsuitable to learn: How often you should be talking to your financial advisor during this period of rapid change What contingency plans you should be preparing right now Why business owners should create a road map for the next year or so that will help their banker advise them in the current environment Learn more about this topic: Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center) Listen: https://www.reacpa.com/insight/episode-241-going-up-covid-19s-impact-on-healthcare-costs/ (“Episode 241: Going Up? COVID-19’s Impact on Healthcare Costs”) Read: https://www.reacpa.com/insight/coronavirus-valuing-your-business-during-uncertain-times/ ("Coronavirus: Valuing Your Business During Uncertain Times")
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Continuing to manage your organization's costs can be difficult to keep top-of-mind — especially with everything else going on. COVID-19, a troubled economy, figuring out how to bring employees back to work... you have enough on your mind, and it can be tempting to take the "set it and forget it" approach with your costs. But understanding your true costs is just one of the ways you can reveal major gaps in your business and, as you already know, it's never been more important to trim the fat than it is today. Sure, breaking down your product and labor costs can be a daunting task. But, with the right tools and expertise, it can actually result in some pretty significant savings. In this episode, Andrew Geiser, a manager at Rea & Associates, explains how you can go about identifying potential leaks in your cost structures. This is a pretty wide-spread problem, so pay attention. Listen to this episode of unsuitable to learn: What are your true costs? Learn how to understand and identify them in regards to materials, overhead, and labor Why you need to know how your accounting system works (even if you’re not in charge of accounting) Best practices to manage assets so that you both meet customer demand and help cut manufacturing costs Learn more about this topic: Webinar: https://www.reacpa.com/insight/shifting-the-business-infrastructure-hr-resources-hot-topics-to-keep-your-organization-compliant/ (Shifting The Business Infrastructure: HR Resources & Hot Topics To Keep Your Organization Compliant) (8/11/2020) Listen: https://www.reacpa.com/insight/episode-241-going-up-covid-19s-impact-on-healthcare-costs/ (“Episode 241: Going Up? COVID-19’s Impact on Healthcare Costs”) Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Identifying when it’s time for you to finally retire isn’t an easy decision to make. Then, when you finally do decide it’s time for you to exit the business, you soon realize how difficult it is to actually make the whole “retirement” thing happen. There are so many moving pieces and so many factors to take into consideration that it can actually be intimidating to get started. So, we sat down with Bill Ubbing, owner of W.J. Ubbing & Associates, to learn how his transition into retirement has been to date and what advice he has for other business owners that may be embarking on their own retirement journey. Listen to this episode of unsuitable to learn: How to decide when to retire & why How to bring more expertise to the client’s future needs How to find a buyer who really focuses on service to the client Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-242-how-the-secure-act-impacts-retirement-planning-for-companies-individuals/ (“Episode 242: How The SECURE Act Impacts Retirement Planning For Companies & Individuals”) Listen: https://www.reacpa.com/insight/episode-232-how-changes-to-retirement-plans-make-everybody-more-secure/ (“Episode 232: How Changes To Retirement Plans Make Everybody More Secure”) Read: https://www.reacpa.com/insight/secure-act-ushers-in-substantial-retirement-plan-changes/ (“SECURE Act Ushers In Substantial Retirement Plan Changes”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Late last year, lawmakers passed one of the most substantial updates to help business owners with new retirement plans. Today, we are going to take a look at the SECURE Act and the impact it currently has on companies, beneficiaries, and individual retirement accounts. Paul McEwan, principal and director of Benefit Plan Services with Rea & Associates, and Steve Frank, principal and financial advisor with wealth management organization Investment Partners, are here to help us break down the SECURE Act and give us some insight on fiduciary best practices related to retirement planning. Listen to this episode of unsuitable to learn: How new incentives make it easier for companies to offer retirement plans What individuals need to know about changes to IRAs and 401(k) plans and major changes for beneficiaries What companies, individuals, and beneficiaries should keep in mind, as things like the pandemic and recession may impact the SECURE Act Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-232-how-changes-to-retirement-plans-make-everybody-more-secure/ (“Episode 232: How Changes To Retirement Plans Make Everybody More Secure”) Read: https://www.reacpa.com/insight/secure-act-ushers-in-substantial-retirement-plan-changes/ (“SECURE Act Ushers In Substantial Retirement Plan Changes”) Listen: https://www.reacpa.com/insight/episode-228-tax-savings-business-strategy-for-practice-owners/ (“Episode 228 – Tax Savings & Business Strategy For Practice Owners”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Employers have always grappled with the rising cost of employee healthcare, but ever since COVID-19 reared its ugly head, employers have raised a ton of questions and concerns related to healthcare’s future costs and what they can do to protect their employees as well as their bottom lines. Michael Clark, an employee benefits consultant at Oswald Companies, and Todd Lancaster, a sales executive specializing in property and casualty at Oswald Companies, are here to talk about the impact the coronavirus crisis will have on healthcare costs and how businesses can better manage their spend. Listen to this episode of unsuitable to learn: How COVID-19 will impact healthcare costs How businesses can better manage their healthcare spend How employees can prepare for the next healthcare crisis
Learn more about this topic: Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center) Listen: https://www.reacpa.com/insight/episode-240-how-to-tackle-your-businesss-cash-flow-cost-optimization-in-the-era-of-covid-19/ (“How To Tackle Your Business’s Cash Flow & Cost Optimization in The Era Of COVID-19”) Read: https://www.reacpa.com/insight/recent-ppp-guidance-requires-nuance-oscpa/ (“Recent PPP Guidance Requires Nuance – OSCPA”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
This is not the first time we’ve reflected on how the COVID-19 pandemic has changed the way we do business, and it won’t be the last. But today, we’re going to talk about the crisis from a cash flow and cost optimization perspective. Jim Lichtenberg, a strategic partner with the expense reduction consulting company Schooley Mitchell, is here to help us break down COVID into dollars and cents and share how companies can find some financial breathing room, despite the new COVID line item on their balance sheets. Listen to this episode of unsuitable to learn: How Does A Company Cover This New Cost Line Item Called “COVID”? Why the “New Normal” will require businesses to utilize tools for their business, such as a SWOT Analysis and 13-week rolling forecast How to identify new opportunities and “pivot” your business so that you can reach new customers
Learn more about this topic: Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center) Read: https://www.reacpa.com/insight/covid-19-is-accelerating-the-rise-of-the-digital-economy/ (“COVID-19 Is Accelerating The Rise Of The Digital Economy”) Read: https://www.reacpa.com/insight/recent-ppp-guidance-requires-nuance-oscpa/ (“Recent PPP Guidance Requires Nuance – OSCPA”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
These days, there are challenges at every turn. But that means there are opportunities abound, too. Today we’re going to talk about turning lemons into lemonade… at least, from a tax planning perspective. It’s no longer business as usual. Things are constantly changing, especially with the CARES Act and other legislation related to coronavirus. And, at the same time, businesses are strapped for cash. But none of these challenges should get in the way of tax planning for your business. In fact, tax planning is now more important than ever. Cindy Kula joins the show to share how COVID-19 may impact your tax liability, break down some of the new legislation to come out of this situation, and teach you how to minimize your tax liability. Listen to this episode of unsuitable to learn: What economic challenges most businesses will face in the latter half of 2020 What you need to know about the Tax Act and CARES Act during the coronavirus economy The key to minimizing your tax burden and maximizing your Qualified Business Income Deduction
Learn more about this topic: Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center) Read: https://www.reacpa.com/insight/covid-19-is-accelerating-the-rise-of-the-digital-economy/ (“COVID-19 Is Accelerating The Rise Of The Digital Economy”) Read: https://www.reacpa.com/insight/searching-for-a-tax-exempt-organization/ (“Searching for a Tax Exempt Organization?”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
If you’ve been watching the news lately, you’ve probably noticed an uptick in reports about cybercrime as many companies operate with a remote workforce. And if you’re currently preparing for re-entry, unfortunately, your cyber-safety concerns won’t go away as soon as your team is back in your physical building — in fact, re-entry poses a lot of cyber risks to companies. That’s why we’re sharing this episode with two of Rea’s top cybersecurity professionals, Shawn Richardson and Ty Whittenburg. We discuss how to re-integrate your employees and your information systems without adding additional risk to your business, what threats to look for upon re-entry, and the most important issues to consider while migrating your workforce back to your company’s network. Listen to this episode of unsuitable to learn: How are companies re-integrating their employees and information systems into their company networks without bringing risk to the business? Physical and digital evidence of a potential cyberattack that everyone in your business should be aware of while re-entering Important things to look for when reviewing your company data (and why the ways people access this data matters)
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-236-how-to-uncover-fraud-in-your-organization/ (“Episode 236: How To Uncover Fraud In Your Organization”) Read: https://www.reacpa.com/insight/education-is-the-enemy-of-cybercrime/ (“Education Is The Enemy Of Cybercrime”) Read: https://www.reacpa.com/insight/what-is-life-after-coronavirus-cyber-risk-telecommuting/ (“What Is Life After Coronavirus? Cyber Risk & Telecommuting”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
We’ve all experienced disruption lately. But, as they say, the show must go on. So, if you want to grow your business, you must find ways to continue the important job of business development, even when everything has changed. Our expert guest on this episode of unsuitable is Amy Franko, author of the Amazon best-seller https://amyfranko.com/the-modern-seller/ (“The Modern Seller.”) Amy discusses business development during disruption, how to organize your pipeline, how to stay in front of clients and rise above the noise, and how to help your customers prioritize what’s most important right now. Listen to this episode of unsuitable to learn: The importance of our mindsets as business developers during this period of time How to stay in front of clients and rise above the noise Thinking beyond the current crisis (without ignoring it)
Learn more about this topic: Read: https://amyfranko.com/the-modern-seller/ ("The Modern Seller: Sell More and Increase Your Impact in the New Sales Economy") https://www.reacpa.com/service/covid-19-resource-center/ (Rea’s COVID-19 Resource Center) Listen: https://www.reacpa.com/insight/episode-235-telecommuting-how-to-embrace-the-workplace-of-the-future/ (“Episode 235: Telecommuting: How To Embrace The Workplace Of The Future”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
These days, businesses collect a ton of data, and this data can be used for a variety of purposes — even to commit fraud, unfortunately. To help us get the lowdown on our data, we’re joined by Greg Kelley, an expert in cybersecurity and digital forensics and the chief technology officer of Vestige Digital Investigations. Greg takes us on a journey behind the scenes of our electronic data infrastructure to tell us what we should be looking out for in an effort to keep our data — and our organizations — safe. Listen to this episode of unsuitable to learn: How to back up your data, why you should, and how to check that it’s being backed up properly How digital evidence from disparate sources, combined with some analytics, can help spot fraud When you will want to work with cybersecurity experts
Learn more about this topic: Read: https://www.reacpa.com/insight/education-is-the-enemy-of-cybercrime/ (“Education Is The Enemy Of Cybercrime”) Read: https://www.reacpa.com/insight/can-a-cybercriminal-crack-your-companys-network/ (“Can A Cybercriminal Crack Your Company’s Network?”) Read: https://www.reacpa.com/insight/government-entities-are-not-immune-to-cybercrime/ (“Government Entities Are Not Immune To Cybercrime”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Like the last couple of episodes, we recorded this in early April. And as you can see, we’re still doing the virtual thing. Some people call this kind of setup “the new normal.” While it’s impossible to say whether that’s true or not, we’re confident that the way we do our jobs and the way employers conduct business will never be the same as a result of the COVID-19 crisis. Here at Rea, we’ve been working to accommodate a growing remote workforce. Many of our policies were already in the process of being created when the order came down from the governor to work from home, if possible, but it expedited those changes within our organization. However, we know that many businesses struggled to accommodate these orders, which resulted in a wide variety of challenges. Annie Yoder, Rea’s director of development, and Becky Boyd, a manager on our practice growth team — and a long-time member of our remote workforce — join this episode to share some best practices, tips, and insight to help others embrace the possibilities of a work-from-home culture. We’ll also be looking at this topic from both the employee’s and employer’s perspective because there are different benefits and challenges on both sides. Listen to this episode of unsuitable to learn: How communication strategies and management styles have to change How a remote workforce opens up the talent market and service opportunities Why it’s important for employees to set boundaries and for employers to respect them
Learn more about this topic: Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center) Read: https://www.reacpa.com/insight/what-is-life-after-coronavirus-cyber-risk-telecommuting/ ("What Is Life After Coronavirus Webinar | Cyber Risk & Telecommuting") Read: https://www.reacpa.com/insight/running-remotely/ ("Running Business Remotely | Technology, Trust, Tax")
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
There is no shortage of business owners who are trying to make sense of this current economic environment in an effort to sustain and manage their businesses, and they’re coming to accounting and finance professionals for support — but most of them don’t understand the foreign language of business. So, we all need to be aware of when we’re speaking a language that our clients don’t know so that we can help them navigate these uncertain times more effectively. Luckily, Peter Margaritis has been helping accounting and finance professionals level up their communication skills for years, and he’s going to explain how those who are used to communicating in “tech-speak” can best communicate with and serve their clients. Peter, also known as “The Accidental Accountant,” is the author of “Improv Is No Joke” and “Taking The Numb Out Of Numbers,” the host of the Change Your Mindset podcast and the Change Your Mindset Speaking Demonstration on C-Suite Radio, and the author of a ton of other great content at http://petermargaritis.com (petermargaritis.com). Listen to this episode of unsuitable to learn: Why you should take an improv workshop How to become a translator for everyone else How to avoid overwhelming your audience when presenting complicated financial or tax information
Learn more: Listen: https://petermargaritis.com/category/cym-podcasts/ (Change Your Mindset) Read: https://takingthenumboutofnumbersbook.com/ (“Taking the Numb Out of Numbers”) Rea’s https://www.reacpa.com/service/covid-19-resource-center/ (COVID-19 Resource Center)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
This is certainly a time of uncertainty for the business community and nobody knows exactly what the future will hold. But one thing is certain in uncertain times, especially uncertain markets: your business needs a plan before things go bad. So we called up Jeremy Senften, Chief Operating Officer here at Rea & Associates, to get his take on recession readiness and what businesses can do now to ensure that they are able to stay afloat over the next coming months. Jeremy has been grappling with a variety of scenarios for months – long before coronavirus — in an effort to avoid a repeat of the last recession. In this episode, he’s going to share insight, best practices, and tips you can take back to your own organization as you formulate a plan for survival. Listen to this episode of unsuitable to learn: How to create a plan for a recession before you need to use it Why you should identify one or two main “objectives” to your plan How to document, categorize, and priorities the items in your plan
Learn more about this topic: Read: https://www.reacpa.com/insight/what-is-life-after-coronavirus-coping-with-financial-anxiety-recession-worry/ (“What Is Life After Coronavirus? Coping With Financial Anxiety & Recession Worry”) Read: https://www.reacpa.com/insight/recession-proofing/ (“Recession-Proofing”) Read: https://www.reacpa.com/insight/plan-for-a-crisis-to-minimize-the-fallout/ (“Plan For A Crisis To Minimize The Fallout”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
The Setting Every Community Up For Retirement Enhancement (SECURE) Act was passed late last year. Since then, its various provisions have been picked apart and dissected from multiple angles. In this week’s episode of unsuitable, Wendy Shick, a principal in Rea’s Mentor office and SECURE Act scholar, explains some of the changes that are wrapped up in this legislation and how it will affect you and your employees. Listen to this episode of unsuitable to learn: Required minimum distributions (or RMD) delayed to age 72. With the tax law changes starting in 2018, these types of qualified charitable distributions are even more valuable because the standard deduction amounts were increased and more taxpayers fall under this filing category now. New 10-year payout rules after someone passes away – except for spouse beneficiaries. There some exceptions, but most beneficiaries inheriting an IRA will be paid out within 10 years. Why Roth conversions may be more important now that the 10-year payout exists.
Learn more about this topic: Read: https://www.reacpa.com/insight/secure-act-ushers-in-substantial-retirement-plan-changes/ (“SECURE Act Ushers In Substantial Retirement Plan Changes”) Listen: https://www.reacpa.com/insight/episode-230-you-might-need-help-managing-your-employee-benefit-plan-if/ (“Episode 230: You Might Need Help Managing Your Employee Benefit Plan If …”) Read: https://www.reacpa.com/insight/what-is-life-after-coronavirus-understanding-the-impact-during-your-retirement/ (“What Is Life After Coronavirus? Understanding The Impact During Your Retirement”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
For those of you who don’t know, we usually record this podcast in our Rea & Associates studio in Dublin, Ohio. But in this episode — which was recorded before the shelter in place orders — was recorded in beautiful Cleveland. Why go to Cleveland? To sit down with Tim Linville, chief executive officer of the Construction Employers Association, who has some valuable insight into what’s happening with the construction industry and the economy in Northeast Ohio. Listen to this episode of unsuitable to learn: The state of the construction and real estate industries How the Construction Employers Association helps to keep employees safe and how it can help business owners The challenges the industry will face over the next 5-10 years
Learn more about this topic: Read https://www.reacpa.com/insight/how-covid-19-is-impacting-the-construction-industry/ (“How COVID-19 Is Impacting The Construction Industry”) Read https://www.reacpa.com/insight/best-financial-indicators-of-a-healthy-construction-company/ (“Best Financial Indicators Of A Healthy Construction Company”) Listen: https://www.reacpa.com/insight/episode-209-want-to-grow-your-business-try-joining-a-trade-association/ (“Episode 209: Want To Grow Your Business? Try Joining A Trade Association”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
These days, employers know that, even though they might offer their employees the opportunity to save for retirement by participating in their company-sponsored retirement plan, most people aren’t doing enough to get themselves over the finish line. As a result, government agencies continue to look closely at employee benefit plans to ensure that everything is being done to set more people up for success. Pam Dunlap, a principal in our Cleveland office and director of Rea’s retirement plan audit services team, is here to talk about this challenge and what companies can do to pass the Department of Labor’s increasingly stringent inspection. Listen to this episode of unsuitable to learn: Why the days of outsourcing retirement plan management are over. What the Department of Labor is focusing on. What to do if you are thinking about buying a company and need to determine what to do with your plan.
Learn more about this topic: Listen https://www.reacpa.com/insight/episode-225-tips-to-help-you-make-the-most-of-your-upcoming-liquidity-event/ (“Episode 225: Tips To Help You Make The Most Of Your Upcoming Liquidity Event”) Read https://www.reacpa.com/insight/exit-planning-options-every-business-owner-over-50-should-know/ (“Exit Planning Options Every Business Owner Over 50 Should Know”) Listen https://www.reacpa.com/insight/episode-212-the-retirement-crisis-how-your-business-employees-can-come-out-on-top/ (“Episode 212: The Retirement Crisis: How Your Business & Employees Can Come Out On Top”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Today’s workforce consists of three distinct groups of people – Baby Boomers, Generation X, and Millennials (with the oldest of Generation Z currently entering the workforce) – and they all seem to be arguing over which one is better. Problem-solving, work ethic, and leadership skills are all up for debate. But, at the end of the day, it’s important to remember that, underneath the titles and classifications, we’re all just people who are looking to carve out a place in the world. On this episode of unsuitable, Cindy Kula, a baby boomer in Rea’s Cleveland office, and Erin Cline, a millennial in our Medina office, will attempt to get beyond generational differences to ultimately uncover the opportunities that cooperation in the workplace — regardless of age — can create. Listen to this episode of unsuitable to learn: What generational differences exist and what are just stereotypes? How diversity creates more opportunities. What leadership needs to do to make inevitable generational shifts productive rather than disruptive.
Learn more about this topic: Read: https://www.reacpa.com/insight/overhauling-the-machine/ (“Overhauling The Machine”) Listen: https://www.reacpa.com/insight/episode-198-happy-employees-happy-business/ (“episode 198: happy employees = happy business”) Read: https://www.reacpa.com/insight/talkin-to-the-next-generation/ (“Talkin’ To The Next Generation”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
In this episode, we dive a little deeper into the world of practice ownership and the strategies available to help practice owners offset the high costs associated with building or expanding office space, purchasing equipment, and beyond. Our guest Ted Klimczak, a senior manager in Rea & Associates’ Medina office and a specialist on the firm’s tax team, is here to give you some tips to help you reduce your tax bill, maximize your wealth and better manage your day-to-day operations. Listen to this episode of unsuitable to learn: New office? Expansion in the works? Learn how a cost segregation study can help Purchasing equipment? take advantage of tax savings. How to maximize retirement savings
Learn more about this topic: Read https://www.reacpa.com/insight/payroll-tax-credits-rapid-refunds-available-for-employers/ (“Payroll Tax Credits, Rapid Refunds Available For Employers”) Read https://www.reacpa.com/insight/secure-act-ushers-in-substantial-retirement-plan-changes/ (“SECURE Act Ushers In Substantial Retirement Plan Changes”) Read https://www.reacpa.com/insight/exit-planning-options-every-business-owner-over-50-should-know/ (“Exit Planning Options Every Business Owner Over 50 Should Know”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
A few months ago, Ted Lape, a partner at Lazear Capital, https://www.reacpa.com/insight/episode-205-what-is-an-esop-how-does-it-work/ (helped us gain a better understanding of Employee Stock Ownership Plans – or ESOPs). Since then, ESOPs have generated even more interest within the business community, which naturally means there are more questions to answer. So, to provide additional clarity, we’ve invited Ted back to tell us why ESOPs have continued to gain momentum and to explain what’s in it for the business owner who decides to go this route. Listen to this episode of unsuitable to learn: How selling to an ESOP can fulfill the desire for “significance” and “relevance,” as well as the desire for the features and benefits Why employee productivity, retention, and recruitment are enhanced by an ESOP The financial benefits of an ESOP, both before and after tax Learn more about this topic: Listen https://www.reacpa.com/insight/episode-205-what-is-an-esop-how-does-it-work/ (“Episode 205: What Is An ESOP & How Does It Work?”) Read: https://www.reacpa.com/insight/exit-planning-options-every-business-owner-over-50-should-know/ (“Exit Planning Options Every Business Owner Over 50 Should Know”) Listen https://www.reacpa.com/insight/episode-221-how-to-successfully-exit-your-business/ (“Episode 221: How To Successfully Exit Your Business”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Be careful – it’s lawsuit city out there and you never know when you might be the target of legal turmoil. Even a poorly worded text can get you into trouble. However, there are some precautionary measures you can take to mitigate risk. Fortunately, Don Gregory, director and chair of the construction law practice at Kegler Brown Hill + Ritter, joins unsuitable to provide some tips that will help keep you out of trouble before trouble finds you.
Listen to this episode of unsuitable to learn: What rules should you follow in emails and texts to avoid legal trouble? What you can expect from a lawsuit if something does happen How has the legal practice or role of the trusted advisor changed?
Learn more about this topic: Read: https://www.reacpa.com/insight/nonprofit-leaders-protect-yourself-from-personal-liability/ (“Nonprofit Leaders: Protect Yourself From Personal Liability”) Read: https://www.reacpa.com/insight/you-built-a-business-you-grew-its-value-now-you-need-to-protect-it/ (“You Built A Business. You Grew Its Value. Now You Need To Protect It.”) Read: https://www.reacpa.com/insight/plan-for-a-crisis-to-minimize-the-fallout/ (“Plan For A Crisis To Minimize The Fallout”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
None of us are getting any younger. Of course, nobody likes to be reminded of this fact — and when you are a business owner, thinking about what will happen to your business when you reach retirement age can be especially anxiety-inducing. Joel Guth, CEO and founder of Gryphon Financial Partners, has seen countless owners grapple with this type of situation over the years and he helps clients approach future liquidity events holistically. In this episode of unsuitable, Joel will reveal how three simple questions can uncover your ideal course of action: when do you want to sell, to whom do you want to sell, and how much do you need to live the way you want after an exit? Listen to this episode of unsuitable to learn: The key to a fulfilling life after you exit The pros and cons of different exit strategies The additional and ongoing expenses that many people don’t consider when thinking about retirement
Learn more about this topic: Read: https://www.reacpa.com/insight/exit-planning-options-every-business-owner-over-50-should-know/ (“Exit Planning Options Every Business Owner Over 50 Should Know”) Read: https://www.reacpa.com/insight/secure-act-ushers-in-substantial-retirement-plan-changes/ (“SECURE Act Ushers In Substantial Retirement Plan Changes”) Listen: https://www.reacpa.com/insight/episode-216-state-local-tax-surprises-that-hurt-business-value/ (“Episode 216: State & Local Tax Surprises That Hurt Business Value”) If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
As the costs associated with owning and operating a business continue to rise, owners are always on the lookout for ways to keep more of their money in the business. One popular place to look is insurance. There are a variety of insurance options available, but on this episode of unsuitable, we’re focusing on captives. Brad Stammler, vice president of commercial property and casualty with https://www.leavitt.com/smith/ (Leavitt Group), will explain what micro captives and group captives are, how they can help, and when this option might make sense for your business. Listen to this episode of unsuitable to learn: What the current commercial property and casualty insurance marketplace looks like. Will an 831(b)/micro captive help your company? Will a group captive help your company? Learn more about this topic: Read: https://www.reacpa.com/insight/recession-proofing/ (“Recession-Proofing”) Read: https://www.reacpa.com/insight/overhauling-the-machine/ (“Overhauling The Machine”) Read: https://www.reacpa.com/insight/is-your-company-too-small-for-self-insurance/ (“Is Your Company Too Small For Self-Insurance?”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Don’t you just hate it when you get used to doing something one way and then something unexpected comes along and flips your world upside down? Well, that’s what’s happening in the world of lease accounting. While the Financial Accounting Standards Board’s Accounting Standards Codification Topic 842 won’t actually impact companies until 2021, as always, there are steps businesses should be taking now to prepare. Kerry McElroy and Cody Niese are leading up Rea’s internal ASC 842 task force in an effort to ensure that the transition is as smooth as possible for our clients. In this episode, the duo helps us understand the subject of lease accounting a little bit better while explaining why the change is taking place, how it will affect businesses, the next steps businesses should take, and more. Listen to this episode of unsuitable to learn: What is lease accounting and why is it changing? How will the lease accounting change affect small- to mid-sized businesses? What software solutions are available?
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-204-ideas-that-drive-success-in-your-manufacturing-business/ (“Episode 204: Ideas That Drive Success In Your Manufacturing Business”) Read: https://www.reacpa.com/insight/a-closer-look-at-gasb-84-88/ (“A Closer Look At GASB 84 & 88”) Try: https://www.leasecrunch.com/ (LeaseCrunch – Lease Accounting Software for CPA Firms)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Running a business is a lot of work — but we don’t have to tell you that. You already know how busy your average day is. You’ve lived through the struggles of managing the back office, all while trying to deliver your products and excellent client service. You know how hard it is to recruit and retain really great employees. And yet, even though we know it’s impossible to know (and do) everything, most business owners try to do it all themselves. But what if you didn’t have to do everything yourself? What if you were able to outsource certain aspects of your business to professionals with expertise in areas like HR, accounting, payroll, and cybersecurity? What if you could outsource these business functions without breaking the bank? Returning guests Renee West and Matt Long are dedicated to finding outsourced solutions for owners of small- to mid-sized businesses. As leaders on our HR consulting services team and client advisory services team, respectively, Renee and Matt hear a lot of misconceptions about outsourcing. So in this episode, they’re going to clear the air while explaining what the outsourcing process might look like for you. Listen to this episode of unsuitable to learn: Why more businesses are choosing to outsource How outsourcing can help you stay compliant and secure in a world where regulations and technology are constantly changing Why you might want to consider outsourcing key back-office functions and what you can expect if you do Learn more about this topic: Read: https://www.reacpa.com/insight/business-owners-cant-do-it-all/ ("Business Owners Can’t Do It All") Read: https://www.reacpa.com/insight/save-money-enhance-value-with-outsourced-accounting/ ("Save Money, Enhance Value With Outsourced Accounting") Listen: https://www.reacpa.com/insight/episode-178-your-businesss-back-office-take-it-or-leave-it/ (“episode 178 – your business’s back office: take it or leave it”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Business owners hear a lot about the importance of succession planning and exit planning — and for good reason. Your business is, in all likelihood, your largest and most valuable asset. If you aren’t thinking about how to protect it, increase its value, and (eventually) leave it, you could end up with the short end of the stick where your liquidity, longevity, and legacy are concerned. Fortunately for business owners everywhere, there are people out there who can not only help you avoid some of the more serious exit planning pitfalls but are certified experts in the area of exit planning and can help you identify and achieve your ideal exit planning scenario. Luckily, in this episode, we are speaking with one of those individuals: Mary Beth Koester, principal and director of valuation and transaction advisory services at Rea & Associates. Listen to this episode of unsuitable to learn: What certified exit planning advisory services are and how they can help you plan, deploy, and manage your long-term succession and exit plans. What a typical exit planning process looks like and what a “successful exit” looks like. What is the biggest risk an owner may face when converting their business to cash to be invested?
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-205-what-is-an-esop-how-does-it-work/ ("Episode 205: What Is An ESOP & How Does It Work?") Listen: https://www.reacpa.com/insight/episode-207-how-to-sell-your-business-for-top-dollar/ ("Episode 207: how to sell your business for top dollar") Listen: https://www.reacpa.com/insight/episode-216-state-local-tax-surprises-that-hurt-business-value/ ("Episode 216: State & Local Tax Surprises That Hurt Business Value")
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
When we look back in history, every decade is defined by unique trends, music, and fashion choices. It kind of makes you wonder how this new decade – the Roaring 20s 2.0 – will be defined. But regardless of your personal feelings about bell-bottoms or scrunches, one thing is certain: with every new decade comes progress, in one form or another. As the president of Safex, a family-owned business health and safety organization located in Central Ohio, Dianne Grote Adams is hoping to see continued progress in the area of safety in the workplace. She has noticed a promising trend with regard to the importance of environmental, safety, health, and sustainability programs, but there’s still a lot of work to be done. So, on this episode of unsuitable, Dianne shares why these programs matter and how shifting your focus on health and safety can improve your business’s bottom line. Listen to this episode of unsuitable to learn: Why safety and industrial hygiene are — pun intended — safe investments for any business The ROI for your investment, both tangible and intangible Why business owners should be aware of a new trend among investors to review ESH&S (environmental, safety, health, and sustainability programs)
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-187-what-are-you-walking-into/ (“episode 187 – what are you walking into?”) Read: https://www.reacpa.com/insight/fighting-back-against-the-opioid-epidemic/ (“Fighting Back Against The Opioid Epidemic”) Read: https://www.reacpa.com/insight/you-built-a-business-you-grew-its-value-now-you-need-to-protect-it/ (“You Built A Business. You Grew Its Value. Now You Need To Protect It.”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Businesses need people to survive and thrive. Without the individuals who help you create your products, provide your services, and patronize your establishment, your entire enterprise falls apart — but, unfortunately, people can also be your biggest challenge. So we sit down with Brian Ahearn, who specializes in applying the science of influence and persuasion in everyday situations and is one of only 20 people in the world who currently holds the Cialdini Method Certified Trainer designation. His newest book is https://www.amazon.com/dp/B07W8XB8F5/ (Influence PEOPLE: Powerful Everyday Opportunities To Persuade That Are Lasting And Ethical), which quickly rose to the top of Amazon’s bestseller list in multiple categories. Listen to this episode of unsuitable to learn: The difference between persuasion and manipulation The best way to build strong, lasting relationships The power of good questions
Learn more about this topic: Follow Brian’s work at https://www.influencepeople.biz (www.influencepeople.biz) Book: https://www.amazon.com/dp/B07W8XB8F5/ (Influence PEOPLE: Powerful Everyday Opportunities To Persuade That Are Lasting And Ethical) Read: https://www.reacpa.com/insight/the-definitive-list-top-100-professional-development-resources/ ("The Definitive List: Top 100 Professional Development Resources")
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
It’s that time of the year again — busy season. Ensuring that the sheer volume of tax returns flowing through our offices are filed with the IRS on time requires a lot of coordination. So, as you might imagine, scheduling is a critical component of our success, and we’re always striving to do better and maximize our capacity. That’s why Melissa Dunkle, a senior manager on the Rea tax team, recently reviewed our existing processes to ensure that we are being as efficient as possible. In doing so, she uncovered a few best practices all business leaders should be aware of when it comes to implementing their own scheduling practices, which she shares on this episode of unsuitable. Listen to this episode of unsuitable to learn: How to increase communication within your organization so that you can minimize unnecessary communication with your clients Organizational planning best practices How to foster accountability and ownership at every level of your organization
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-188-zen-and-the-art-of-bookkeeping/ (“Episode 188 - zen and the art of bookkeeping”) Read: https://www.reacpa.com/insight/qualified-opportunity-zones-vs-section-1031-exchanges/ (“The Scorecard: Qualified Opportunity Zones vs. Section 1031 Exchanges”) Read: https://www.reacpa.com/insight/save-money-with-tax-credits/ (“Save Money With Tax Credits”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Celebrating holidays with family and friends is a great way to put everything into perspective and to simply be grateful for everything we have. But now that it’s January, you might be wondering what you can do to make this feeling of gratitude last. But our guest, Lisa Ryan, has some ideas for how we can improve our life vision with 20/20 gratitude. Noted international award-winning speaker, best-selling author, and sought-after gratitude strategies expert Lisa Ryan has been working with business leaders across a variety of industries for more than 20 years. She is the president and founder of Grategy, a Cleveland-based firm that specializes in employee engagement, retention, and recognition using gratitude strategies for personal and professional development. Listen to this episode of unsuitable to learn: A simple daily practice that positively impacts every area of life How to strengthen your immune system in just five minutes a day Gratitude strategies (grategies) that strengthen your relationships Simple strategies to create a workplace culture that rocks
Learn more about this topic: Watch: https://www.youtube.com/watch?v=TWDtvQYfL8g (“Gratitude Through Failure, Success and Surprise - Lisa Ryan”) Read: https://www.reacpa.com/insight/a-little-appreciation-goes-a-long-way/ (“A Little Appreciation Goes A Long Way”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
We all have dreams of retiring someday, and if you’re a business owner, you probably have some thoughts about how you would like to leave your business. As you are contemplating which exit planning route is right for you, there are some pretty major considerations you should be aware of that could ultimately impact the overall value of your business — and if you don’t address those issues now, you could be throwing up roadblocks before you even get started. Joe Popp, Principal and Director of State and Local Tax (or SALT) services at Rea, returns to share some SALT-related exit planning considerations that all business owners need to know. Listen to this episode of unsuitable to learn: SALT issues that can impact your earnings before interest, taxes, and amortization (EBITA) SALT issues that can impact your reps and warranties Where to start doing your due diligence
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-207-how-to-sell-your-business-for-top-dollar/ (“episode 207: how to sell your business for top dollar”) Listen: https://www.reacpa.com/insight/episode-173-back-to-the-basics-of-business-valuations/ (“episode 173 – back to the basics of business valuations”) Read: https://www.reacpa.com/insight/what-legacy-do-you-want-to-leave/ (“What Legacy Do You Want To Leave?”) Read: https://www.reacpa.com/insight/wayfair-one-year-later/ (“Wayfair – One Year Later”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Employee healthcare in America continues to be an explosive topic, so it’s no surprise that many employers are struggling to understand the best way to execute an effective employee benefit health plan strategy among their workforce. Luckily, our guest is Dean Stitz, a consultant with McGohan Brabender, who has seen the challenges that businesses are facing first-hand and works with companies to reveal employee benefit health plan opportunities that they may not even be aware of. Listen to this episode of unsuitable to learn: Healthcare is an episodic issue for most individuals, but an organization’s health plan strategy needs to be consistent and communicated effectively The different health plan options that are available to employers today, which are more diverse than you might think What you want to consider as a small- to medium-sized business Vs. a large business
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-205-what-is-an-esop-how-does-it-work/ (Episode 205: What Is An ESOP & How Does It Work?) Read: https://www.reacpa.com/insight/evaluation-of-hsas-requires-a-team-approach/ (Evaluation of HSAs Requires a Team Approach) Listen: https://www.reacpa.com/insight/episode-198-happy-employees-happy-business/ (Episode 198: happy employees = happy business)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
As a CPA and business consulting firm, nothing gets the folks at Rea & Associates more excited than a good plan. So, since everyone is starting to look forward to 2020, we think this is a great time to get better acquainted with legacy family planning — and you can really never start thinking about your legacy too early. Darlene Finzer, a principal and legacy training specialist at Rea, joins the show to share her insight on this important but oft-procrastinated topic. Listen to this episode of unsuitable to learn: What exactly legacy family planning is and how it’s different from estate planning (which is also important) Three different approaches to leaving a legacy Four steps to a living legacy
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-205-what-is-an-esop-how-does-it-work/ (“Episode 205: What Is An ESOP & How Does It Work?”) Read: https://www.reacpa.com/insight/what-legacy-do-you-want-to-leave/ (“What Legacy Do You Want To Leave?”) Read: https://www.reacpa.com/insight/how-to-lay-the-foundation-for-transition/ (“How To Lay The Foundation For Transition”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
It’s December now. That means, as far as your company’s finances are concerned, we’re on crunch time. So, did you get everything done that you want to cover over the course of 2019? If not, it’s not too late to take action now — but it will be very soon. Brent Ardit, Audit Principal at Rea & Associates, joins this episode to discuss year-end planning and what you can do as we look ahead to 2020. Listen to this episode of unsuitable to learn: The opportunities that business owners have as we approach the end of the year How to avoid the most common mistakes that businesses make near the end of the year, even if you’re getting prepared a little late What you need to know about the new revenue recognition standard Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-210-what-you-need-to-know-before-filing-your-2019-tax-return/ (Episode 210: What You Need To Know Before Filing Your 2019 Tax Return) Read: https://www.reacpa.com/insight/what-is-the-mid-quarter-convention/ (What Is the Mid-Quarter Convention?) Read: https://www.reacpa.com/insight/dont-wait-for-an-i-9-audit/ (Don’t Wait For An I-9 Audit)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= (#ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= (Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Around 10,000 people reach retirement age every day. But, unfortunately, not all of them will be able to retire. We regularly hear that older Americans are postponing their retirement because they don’t have the financial stability necessary to sustain their current lifestyle, so this is a trend that promises to continue for the foreseeable future. Today, businesses are being asked to help close the gap — by not only taking on older workers but by helping the younger population proactively save for their retirement. Steve Frank, a wealth management advisor with Investment Partners, LTD, and Angie Isakson, senior plan consultant with Rea & Associates, join this episode of unsuitable to teach us how businesses can help their employees overcome the American retirement crisis. Listen to this episode of unsuitable to learn: Retirement strategies that are beneficial for both organizations and employees How organizations can educate their workforce on the ins and outs of saving for retirement How a good retirement plan makes your organization more appealing to top talent Bad retirement advice that you should be wary of
Learn more about this topic: Listen: https://www.reacpa.com/insight/episode-205-what-is-an-esop-how-does-it-work/ ( episode 205: What Is An ESOP & How Does It Work?) Listen: https://www.reacpa.com/insight/episode-207-how-to-sell-your-business-for-top-dollar/ ( episode 207: how to sell your business for top dollar) Read: https://www.reacpa.com/insight/best-tax-deferral-opportunity-is-a-retirement-plan/ ( “The Best Tax Deferral Opportunity Is A Retirement Plan”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast)
It’s not always easy to make sound financial decisions, and the study of economic theory has undergone its share of adaptations over the years to account for this fact. But thanks to the work of great researchers like Richard Thaler, we now have a greater understanding as to why we make the economic decisions we make. And the reason probably won’t surprise you — people just aren’t rational. In this episode of unsuitable, Doug Feller, a certified financial planner and principal with Investment Partners, touches on what we can learn from behavioral economics, outlines the three financial mistakes that even the smartest among us make, and what we can do to avoid making those mistakes. Listen to this episode of unsuitable to learn: What behavioral economics is Why you need to gain clarity on the financial outcomes that you want and how to stay accountable to those outcomes Even if you have great planning or investment strategies, poor behavior will likely lead to sub-par results.
Learn more about this topic: Read Doug’s article “Behavioral Mistakes Smart People Make” in https://www.reacpa.com/insight/the-rea-report-summer-2019/ ( The Rea Report | Summer 2019) Listen: “https://www.reacpa.com/insight/episode-7-investments-are-you-doing-it-wrong/ (Episode 7: Investments … Are You Doing It Wrong?)”
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
As we near the end of the year, you know what that means — tax prep is, once again, on the agenda. But, as you prepare to file your 2019 tax returns, there are several considerations to keep top-of-mind. Luckily, Chris Axene, a principal with Rea, returns to unsuitable to point us in the right direction and help us prepare for the upcoming tax season. Listen to this episode of unsuitable to learn: The implications of tax reform in the wake of the Tax Cut and Jobs Act (TCJA), for both individuals and businesses How due dates for tax filings have changed over the past couple years Using your CPA, internal or external, as a planner and not a fixer What you can take advantage of now before tax regulations change again (and they will)
Learn more about this topic: Read: https://www.reacpa.com/insight/scorecard-for-the-tax-cuts-and-jobs-act/ ( “Scorecard For The Tax Cuts and Jobs Act”) Read: https://www.reacpa.com/insight/new-deduction-will-provide-some-relief-to-flow-through-entities/ ( “New Deduction Will Provide Some Relief To Flow-Through Entities”) Read: https://www.reacpa.com/insight/discover-the-installment-sales-agreement-tax-strategy/ ( “Discover The Installment Sales Agreement Tax Strategy”) Read: https://www.reacpa.com/insight/wayfair-one-year-later/ ( “Wayfair – One Year Later”) Read: https://www.reacpa.com/insight/should-i-make-a-big-purchase-to-cut-taxes/ ( “Should I Make A Big Purchase To Cut Taxes?”)
If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel) and access additional resources at http://www.reacpa.com/podcast (www.reacpa.com/podcast).
Your business is a part of a larger economic ecosystem. As such, you undoubtedly share several key commonalities with others in your industry, specialization, and even geography. Because of these shared traits, whether you know it or not, help, insight, and professional expertise are never really hard to find — as long as you know where to look. Luckily, you won’t have to look very far. There are more than 90,000 trade and professional associations in the United States, and each one is committed to helping like-minded companies and professionals grow their professional network, learn valuable skills, and drive sustainable growth. Mary Tebeau, executive director of the https://www.bx.org/ (Builders Exchange of Central Ohio), has seen the value trade associations first hand. She joins unsuitable to share what her organization is doing, while diving into how creating a relationship with related associations can help your business become a best-in-class operator. Listen to this episode of unsuitable to learn: The three virtues of trade associations: meet, learn, and grow. How associations help your industry grow as a whole, even helping to address the shrinking talent pipeline in some industries. The resources you won’t be able to access without an association.
Learn more about this topic: Read: https://www.reacpa.com/insight/help-to-cover-employee-training-costs/ ( “Need Help Covering Employee Training Costs?”) Listen: https://www.reacpa.com/insight/episode-114-how-to-start-investing-into-your-profession-a-salute-to-public-accounting/ ( “episode 114: how to start investing into your profession + a salute to public accounting”)
If you liked this episode of unsuitable on Rea Radio, hit the like button or share it with your professional network. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation on Facebook and Twitter. If you like, you can watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel and w)e’ve also included access to additional resources on our website at https://https://urldefense.proofpoint.com/v2/url?u=http-3A__www.reacpa.com_&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=LYiopafXChZVP1JQCy1vaCuFoNpMQvdL6mDgrvih82g&m=71LJiDwxZ5Lg3LYY4amMd1NetzJBtdAvY0-5UlwS5Yg&s=Bu7l9uwv9Dm6zF095mPjuTFEaUvRuzUv6AI5Rb9SPd0&e= (www.reacpa.com/podcast)
For those of you who do business across state lines, your days of paying taxes in a single state are pretty much over. Since the U.S. Supreme Court ruled on South Dakota v. Wayfair, one by one, states across the country have taken steps to become more aggressive when it comes to collecting tax dollars from companies that do business in their states. Introducing the new way of doing business. Scotty “Z” Zielaskiewicz, a state and local tax manager and indirect tax expert with Rea, joins us on this episode of unsuitable on Rea Radio to provide us with an update with regard to what the state of business looks like since Wayfair was made the law of the land just over a year ago. He will explain what businesses can do to comply with these major tax law changes and, in response, he will lay out a strategy for how business owners can protect themselves and their businesses moving forward. Listen to this episode of unsuitable to learn: How companies can start the process of “Autogration” (Automation + Integration) What your business can do to maintain compliance, even as changes continue to alter the landscape of state and local taxes across the country. What considerations you should take if you’re thinking of selling your business and how new tax rules can impact your exit strategy.
You can also learn more about the major Supreme Court ruling while gaining some additional expert insight when you check out these resources: https://www.reacpa.com/insight/wayfair-one-year-later/ ( Wayfair – One Year Later”) https://www.reacpa.com/insight/new-rules-how-to-conduct-business-after-the-south-dakota-v-wayfair-decision/ ( New Rules: How To Conduct Business After The South Dakota v. Wayfair Decision”) https://www.reacpa.com/insight/episode-163-state-tax-concerns-keeping-you-up-at-night/ ( Episode 163 – state tax concerns keeping you up at night?”)
If you liked this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel). We’ve also included access to additional resources at https://www.reacpa.com/podcast (https://www.reacpa.com/podcast). Also, don't forget to learn more about Rea & Associates by checking out our website at https://www.reacpa.com (https://www.reacpa.com. )
Are you ready to trade your business for retirement bliss? Not so fast. There are a few critical pieces of the “selling process” to take into consideration if you want to sell for top dollar. Paul Gregory, a principal in Rea’s Amherst office, and Andrew Gelfand, Senior Vice President at Bruml Capital Corporation, join the show to explain how to sell a business the right way — with plenty of forethought, preparation, and expertise. Preparing Your Business for Sale: What Not to Do A lot of people start talking to potential buyers before putting all the ducks in a row within their business — and this is the easiest way to ensure that you don’t get top dollar when you sell. You will want to know how much you need or want, do some tax and financial planning ahead of time, and talk to an expert if you really want to both get the most bang for your buck and set your employees up for success in the future. If you are considering selling your business, or if you think that might be part of your retirement plan down the road, you will be interested in these other topics discussed in this episode: Why you need to continue focusing on your business throughout this planning and transaction process & how bringing in an expert can help you do this What you should do before talking to potential buyers The non-financial issues you need to consider when you are in the selling process
If you liked this episode of unsuitable on Rea Radio, hit the like button or share it with your followers on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel). We’ve also included access to additional resources on our website at https://urldefense.proofpoint.com/v2/url?u=http-3A__www.reacpa.com_&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=LYiopafXChZVP1JQCy1vaCuFoNpMQvdL6mDgrvih82g&m=71LJiDwxZ5Lg3LYY4amMd1NetzJBtdAvY0-5UlwS5Yg&s=Bu7l9uwv9Dm6zF095mPjuTFEaUvRuzUv6AI5Rb9SPd0&e= ( www.reacpa.com).
The phrases “outsourced accounting services,” “client accounting services,” and “client advisory services” are generating a lot of buzz in the business community these days. But what exactly are these services and why should businesses even care? Matt Long, a principal on Rea’s own CAS team, joins unsuitable to explain what CAS is and how this service can help companies grow and thrive. What is CAS? First thing first: CAS is not the same as outsourced bookkeeping. Bookkeeping is traditionally done after the fact, while CAS leverages cloud-based technology to perform analysis and provide business advice in real time. So, it’s more than just remote accounting — it’s essentially an outsourced team working to provide the same value as a CFO. Even if a business employs an in-house accounting professional, one person likely doesn’t have the full skill set, resources, or bandwidth necessary to handle this kind of real-time analysis. If you are part of a small- to mid-sized business, listen to this episode to find out: If CAS is a good choice for your business? How CAS works to protect a business? What CAS will look like in the future?
If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel). We’ve also included access to additional resources on our website at https://urldefense.proofpoint.com/v2/url?u=http-3A__www.reacpa.com_&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=LYiopafXChZVP1JQCy1vaCuFoNpMQvdL6mDgrvih82g&m=71LJiDwxZ5Lg3LYY4amMd1NetzJBtdAvY0-5UlwS5Yg&s=Bu7l9uwv9Dm6zF095mPjuTFEaUvRuzUv6AI5Rb9SPd0&e= ( www.reacpa.com).
At some point, if you’re a business owner, you’ll have to think about trading your business in for retirement. And when it comes to identifying an exit strategy, you can either liquidate, keep it in the family, sell it to the highest bidder, or get your employees involved. Ted Lape, a partner with Lazear Capital Partners, joins unsuitable to teach us more about the latter - getting your employees involved. He explains what an Employee Stock Ownership Plan (ESOP) is, what it isn’t, the benefits of starting your own, potential pitfalls, best practices, and more. What Is An ESOP? ESOPs have gained a lot of traction in recent years. Similar to a 401(k), ESOPs are defined contribution plans. However, instead of receiving Apple or IBM stocks as part of the plan, employees receive stock of the company they work for. It gives employees literal ownership over part of the company, which creates a personal vested interest in growing the company and ensuring it remains successful. If you're a business owner — especially if you’re starting to think about retirement — listen to this episode to learn: When it makes sense to enter an ESOP — and when it doesn’t. How ESOPs benefit employees. Potential pitfalls and best practices associated with starting an ESOP.
If you liked this episode of unsuitable on Rea Radio, hit the like button and share it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel). We’ve also included access to additional resources on our website at https://www.reacpa.com (https://www.reacpa.com).
There was a time when the word “manufacturing” would conjure up images of “dark,” “dirty,” and “dangerous” work. But these days, business owners and leaders in the field are working hard to repair the industry’s reputation. Dustin Raber, principal with Rea and director of the firm’s manufacturing services team, has witnessed the strides companies have made to overcome the negative stereotypes. But there’s still a ways to go. On this episode of unsuitable, we’re going to talk about some pressing challenges manufacturers are currently facing and some best practices for manufacturing businesses. Listen to this episode to learn: How to find and retain good employees. How to separate your company from the competition. What the “new” manufacturing career looks like. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Whether you know it or not, machine learning has changed the way we do business — and it will continue to shake up the business community for many years to come. You may not be fully aware of the changes that are already taking place and how they might impact your future success. So we sat down with John Dages, solutions director with Fusion Alliance, to learn what machine learning is, how it works, and how it can empower you to drive long-term growth and sustainability in your business. When To Use Machine Learning? Machine learning finds patterns in existing data and uses those patterns to make a prediction about the future, so it's best used to inform decisions. Machine learning is less valuable for capturing insights about your customers and operations. Ultimately, successful machine learning projects are those that heavily impact the way you are doing business today. If you're ready to bring more machine learning into your business — and especially if you’re not — listen to this episode to learn: What machine learning is and why it’s not a synonym for "artificial intelligence." About cost-saving turnkey machine learning solutions. How machine learning can help you better understand your customers, quantify your risk, and make intelligent forecasts about relevant KPIs. More about how machine learning could have predicted (and perhaps prohibited) the Enron collapse*.
* https://www.amazon.com/Power-Failure-Inside-Story-Collapse/dp/076791368X (Power Failure: The Inside Story of the Collapse of Enron)
If you liked this episode of unsuitable on Rea Radio, hit the like button or share it with your professional network. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation on Facebook and Twitter. You can also watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel). Additional resources are available at https://urldefense.proofpoint.com/v2/url?u=http-3A__www.reacpa.com_&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=LYiopafXChZVP1JQCy1vaCuFoNpMQvdL6mDgrvih82g&m=71LJiDwxZ5Lg3LYY4amMd1NetzJBtdAvY0-5UlwS5Yg&s=Bu7l9uwv9Dm6zF095mPjuTFEaUvRuzUv6AI5Rb9SPd0&e= ( www.reacpa.com).
Just because you produce superior products, are consistently flawless in your execution, or have the best and brightest employees on your team’s roster doesn’t mean you’ll outshine the competition. For example, Columbus rock band The Toll may not have been technically superior to their competition in the late ’80s and early ’90s, but their brand was unique, daring, and dangerous, which ultimately attracted the attention of Geffen Records and resulted in a $3.6M record deal. Brad Circone, former front man of The Toll, joins unsuitable to explain the sorcery that is brand differentiation and what businesses can do to set themselves apart in an overly saturated marketplace. Shine Bright Like A Diamond So, how did a small local band become a multi-million dollar international recording artist hailed by Rolling Stone as “the world’s most dangerous band,” touring the world and sharing the stage with international stars? It’s all because of a well-executed brand strategy that aligned with the band, the brand, and the business they wanted to create. We don’t often look to the entertainment industry for business strategy tips, but maybe we should — because there’s a lot that big and small businesses alike can learn from the strategy and creativity of artists like these. If you want to introduce a little more creativity and strategy into your organization or brand, listen to this episode to discover: Why you need to build a cast-worthy, culturally-aligned team fostered on the discipline of brand. How to complete a competitive analysis, create a unique selling proposition, and stay on brand – at all cost. What it takes to successfully differentiate your brand.
If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel). We’ve also included access to additional resources on our website at https://urldefense.proofpoint.com/v2/url?u=http-3A__www.reacpa.com_&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=LYiopafXChZVP1JQCy1vaCuFoNpMQvdL6mDgrvih82g&m=71LJiDwxZ5Lg3LYY4amMd1NetzJBtdAvY0-5UlwS5Yg&s=Bu7l9uwv9Dm6zF095mPjuTFEaUvRuzUv6AI5Rb9SPd0&e= ( www.reacpa.com).
Businesses continue to adapt to an increasingly digital marketplace, which means jobs (and the skills people need to do these jobs) are changing. Maureen Metcalf, founder, CEO, and board chair of the Innovative Leadership Institute, says in order to prepare for transformation in the workplace we need to be aware of the changes that are coming down the pike while simultaneously working to update our mindsets and behaviors. On this episode of unsuitable on Rea Radio, Maureen talks about the changes taking place, the new skills needed to embrace these changes, and the training that is needed to help navigate these changes. How Much Change is Coming? Fifty percent of jobs will change in the next four years - and they will change, on average, by 30%. This means that people will need to learn new skills, businesses will need to effectively leverage their investments, and processes will need to be updated. Basically, organizations need to build change and innovation into their DNA. If you want to remain relevant and competitive in the coming years, listen to this episode to learn: What digital transformation is. How leaders can prepare for digital transformation. About "microlearning," and how leaders and employees can be trained to better navigate the changes that will occur in the workplace.
If you liked this episode of unsuitable on Rea Radio, let us know by giving us a "like" or by sharing it on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation on Facebook and Twitter. This episode is also featured on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel). And don't forget to access to additional resources related to this episode at https://urldefense.proofpoint.com/v2/url?u=http-3A__www.reacpa.com_&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=LYiopafXChZVP1JQCy1vaCuFoNpMQvdL6mDgrvih82g&m=71LJiDwxZ5Lg3LYY4amMd1NetzJBtdAvY0-5UlwS5Yg&s=Bu7l9uwv9Dm6zF095mPjuTFEaUvRuzUv6AI5Rb9SPd0&e= (https://www.reacpa.com).
If you've ever wondered why resumes are important, what will get yours thrown out of the running for a particular position, or how often you should dust yours off and make updates, then you’re in luck! We’re joined by Desiree Lyon, talent acquisition specialist with Rea, who is here to help us celebrate International Update Your Resume Month – along with our 200th episode of unsuitable – with some hot tips for getting hired. Best Practices for Keeping an Up-to-Date Resume Keep track of new skills or responsibilities as they come up in your job, or as you realize they exist, and add anything that might be applicable to another job to your resume. If you were trained how to use a CRM tool, for example, that’s something you can add to your resume. There are probably things you take for granted that will be meaningful for future employers. Don’t wait until you are looking for a job to update your resume. It’s going to stress you out, for one, and you might not remember everything you should add to it. So make a plan and keep a list like the one suggested above. Then, every six months or so, reflect on your list and update your resume where appropriate.
Listen to this episode for even more great resume tips - regardless of where you are in your career. You'll learn: Why resumes are necessary? What will get a resume thrown out? Whether job boards and job sites useful?
If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_url-3Fq-3Dhttps-3A__www.google.com_url-3Fq-253Dhttps-3A__soundcloud.com_tags_ReaRadio-2526amp-3Bsa-253DD-2526amp-3Bust-253D1495715306637000-2526amp-3Busg-253DAFQjCNEO7cuFlEr4TprDlXnPLFfc9-2Dgibw-26sa-3DD-26ust-3D1495715306647000-26usg-3DAFQjCNEzY2V0AC9u7-5FBmQFuJKyVAvJyQeg&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=T1q209PKwbilMnNtQPiJxrBmabVSEA0vG_jEl1oE1Fg&s=2nQGrmKAd8X40UODzRu5Qf8X4SHKpfADfpIyDje_vsE&e= ( #ReaRadio) to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the https://urldefense.proofpoint.com/v2/url?u=https-3A__www.youtube.com_channel_UC-5FeV4nJToshDK5yNISpZH1w&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k7LfU80KH4iNnyPfAqQ-rX5QpCf0a3QOjTYt0O4ZNmU&m=nPEHxkyMiraiLhboRvg_aol6-fqT9JdWkaDW1OWOlxw&s=HoyT0c7uSAdLfAmwU0Ps8RC4nUbrxhjRpa5Cx18qNlA&e= ( Rea & Associates YouTube channel). We’ve also included access to additional resources on our website at https://urldefense.proofpoint.com/v2/url?u=http-3A__www.reacpa.com_&d=DQMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=LYiopafXChZVP1JQCy1vaCuFoNpMQvdL6mDgrvih82g&m=71LJiDwxZ5Lg3LYY4amMd1NetzJBtdAvY0-5UlwS5Yg&s=Bu7l9uwv9Dm6zF095mPjuTFEaUvRuzUv6AI5Rb9SPd0&e= ( www.reacpa.com).
Payroll is one of your company’s most critical areas to manage – and probably one of the most scrutinized. Employees expect to receive their paychecks on a certain day and time, and they expect their checks to reflect the time they put into their job. The IRS, the Bureau of Workers Compensation and state and local tax authorities expect the appropriate taxes to be withheld. Plus, the Department of Labor expects your employees to be legally eligible to work in the United States. And if that wasn’t enough, there are a range of changes and proposed changes to worry about. Dee Gray, a certified payroll professional at Rea, continues to be on the lookout for news regarding the new W4, the potential increase in minimum salary for exempt employees, and possible changes to the overtime rules. On this episode of unsuitable, Dee will walk us through what she’s seeing in the payroll space, while providing you with tips to help prepare for whatever changes may come your way. Protect Yourself, Protect Your Business If you're wondering how changes in your payroll department will impact your business and your employees, listen to this episode. You'll get answers to these questions and more: What W4 changes are in store for 2020 as a result of the Tax Cuts and Jobs Act? Will currently employees need to complete the new form or just new employees? How much does an employee need to earn to be considered an exempt employee and, therefore, not subject to overtime? Can states override overtime rules? How can employees file a complaint with the Department of Labor? When can businesses expect a payroll audit? If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your professional network on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
America’s all-time low unemployment rate means there are fewer people available to fill open positions – and what employees are looking for in a job is changing. So, companies have to get more creative when it comes to competing for top talent. On this episode of unsuitable, Nick Glimsdahl, director of contact center solutions with VDS, a client engagement and experience company, will talk about the changing expectations of the American workforce. He will explain what other businesses have done to deliver a better all-around employee experience and explain how these strategies can help you make better hires and improve employee retention in your business. Generational Expectations Younger generations of workers are looking for more than just a standard 8-hour shift plus benefits. They want opportunities to volunteer, increased professional development, more paid time off, and maybe a free lunch or two – it’s an employees market out there, so employers can’t ignore these generational differences. If you are a business leader or a leader in the business community, listen to this episode to learn: What the employee experience really is. Three tips to get started on improving your employee experience. The return you get when you invest in the employee experience. If you liked this episode of unsuitable on Rea Radio, let us know. Hit that "like" button and share this episode with your professional network. You can also use #ReaRadio to join the conversation on Facebook and Twitter or watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included additional resources at www.reacpa.com.
Oil & gas activity in the Utica and Marcellus shale formations continues to generate a lot of buzz. And if you are a landowner in these particular regions, chances are good that you’ve already been sought after for your mineral rights. On this episode of unsuitable, Scott Moyer, a principal in Rea’s Zanesville office and founder of The Four Pillars Strategy for Landowners, talks about what’s going on in the oil & gas space these days. We also learn more about the wealth management and asset protection options available to landowners in the Utica and Marcellus shale regions. Cover Your Assets Keeping mineral rights in your name can open you up to risk, so if you are a landowner who is considering entering into a contract with oil & gas company, you need to make sure to protect yourself and your assets from economic and/or environmental liabilities and personal financial issues by setting up a family LLC. Taking steps to protect your assets will also help streamline the transfer of your wealth to the next generation. There are additional tax savings strategies available that can be helpful today and further into the future. If you are in the Utica and Marcellus shale regions, or other areas of the country with rich mineral resources, listen to this episode to discover: How the Four Pillars Strategy is helping landowners manage and grow their wealth. Income tax savings opportunities available to those entering into contract with an oil & gas company. How landowners can ensure that they are receiving what’s legally owed to them from the oil & gas companies they are working with for their mineral rights. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your personal and professional network. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and watch the podcast in action on the Rea & Associates YouTube channel. You can also find additional resources at www.reacpa.com.
The Financial Accounting Standards Board has issued what’s being called “the most significant revision to the U.S. Generally Accepted Accounting Principles’ revenue recognition standards in history.” So Chris Roush, a principal in Rea’s Millersburg office, and Katie Snyder, a supervisor in our Wooster office, have confronted the changes head on to help business owners understand the new standard, while uncovering opportunities for new bottom line growth. During today’s episode, Chris and Katie explain what business owners need to know about this new standard, as well as the opportunities for potential revenue that it creates. Five Steps of Revenue Recognition The Financial Accounting Standards Board’s new standard includes five steps of recognizing revenue from contracts with customers: Identify contracts with your customers Identify the performance obligations in the contract (i.e. what is the customer going to get in exchange for what they pay?) Determine the transaction price Allocate the prices to the performance obligations, if there are multiple performance obligations Recognize revenue If you are a business owner or financial professional, you will be interested in these other topics discussed in this episode: What changes are in store for financial statement preparers All GAAP financial statement preparers will need to enhance/expand footnote disclosures regarding revenue, even if there is no other impact How the new standard can actually be viewed as an opportunity to look at other areas of potential revenue If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your professional network. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. Additional resources can be found at www.reacpa.com.
Are you wondering how to create a business that’s better, faster and stronger than the competition? Joe Urquhart – who is vice president of Overmyer Hall Associates, a chartered property casualty underwriter, and a construction risk insurance specialist – says the answer’s pretty simple: just limit your company’s exposure to risky situations. On this episode of unsuitable, Joe will zero in on four business faux pas you should correct immediately if your goal is to build a better business. Joe’s Top Four Business Faux Pas Overmyer Hall Associates receive a lot of claims, but there are four claim areas that are increasingly affecting a lot of businesses’ bottom lines: Cyber liability Distracted driving and/or distracted workers Employment practice liability Construction contracts and risk transfer If you are a business owner who is trying to build a better business, you will want to know more about: Cyber liability doesn’t just affect big businesses – it affects small organizations, too! What you need to know about employment practice liability (think: the #MeToo movement) The changing risk landscape in construction If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
As the saying goes, all good things must come to an end, and this holds true when it comes to Dave Cain’s time as host of unsuitable on Rea Radio. After nearly 150 episodes under his belt, Dave is invested in the future success of this show, so it was important to leave it in good hands, which is why Doug Houser was picked as his successor. Doug is more than just a pretty face – he’s well-connected in the business community, a great coach and mentor, and full of fresh ideas for this little podcast of ours. So, on this episode, we’re going to get to know Doug a little bit better before he officially takes over the mic. Listen to this episode to hear: What Dave plans to do during his retirement. Dave's favorite podcast moments. Who Doug is, why he will be a great host, and his goals for the show. Want to win a $100 Amazon Gift Card? As we enter the next chapter of unsuitable, we want to know what you like, what you don’t like, what topics you’d like us to cover in the future, and any suggestions you have for future guests – and in return for your time and valuable insight, you will be entered for a chance to win a $100 Amazon Gift Card! To fill out the survey, head over to www.reacpa.com/unsuitable-survey. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
The CPA (certified public accountant) credential is recognized as one of the most trusted business and financial consulting credentials available. Obviously, as a CPA firm, we see the value this credential brings to the business community every day. But we also know that not all CPAs practice as part of a firm. In fact, businesses will often seek out CPAs to join their teams full-time – which just so happens to be the case for today's guest. Long-time listeners will also recognize our guest, Mark Van Benschoten, because he was the inaugural host of unsuitable on Rea Radio! Mark left Rea a few years ago to accept the chief financial officer (CFO) position at Roush Honda, where his CPA credential continues to drive value. Mark brings us down memory lane a little bit, shares his perspective on the overall value a CPA brings to the business community, and gives a little perspective on what’s going on in the auto industry. CPAs for Days You may wonder why a business might want its own in-house CPA, especially when it’s so convenient and relatively affordable to outsource things like payroll or SALT compliance. But many industries have their own complex set of factors, financially and people-driven, that affect business outcomes. So when potential problems, such as increasing tariffs or the rise of autonomous vehicles occur, companies like Roush are happy to have an expert like Mark on the roster who can help them adapt and pivot before changes in the industry impact the bottom line. If you are a CPA or a business owner, or if you just happen to be a car nerd, you'll want to listen to this episode to hear: How the CPA credential adds value to business community. What’s going on with tariffs and the auto industry? About the success Roush has had with it's employee stock ownership (ESOP). If you liked this episode of unsuitable on Rea Radio, let us know by liking and sharing us with your professional network. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. Additional resources can be found at www.reacpa.com.
Finding and retaining top talent continues to be a major challenge for nearly all businesses, so on this episode of unsuitable, we're going to talk about the unexpected tools businesses already have at their disposal when it comes to recruiting and retention. A professional in human resources management, Ron Guisinger serves as a senior consultant with the Benefactor Group, where he provides clients with leadership governance, executive transition, succession planning, and general HR consulting services. Ron explains how businesses that promote a culture of giving back can have more success when it comes to recruiting and retaining top talent. Attracting & Retaining Talent: Why is it important? Ron has worked in both the for-profit sector and non-profit sectors and he’s seen first-hand that it doesn’t matter what industry or sector one is in – attracting, retaining, and engaging high-performing talent has a significant and direct impact on the bottom line. But, as many business owners and hiring managers already know, really good talent is in short supply, and every industry has niche roles that can be especially difficult to fill. So, once you find someone who fits, you want to do everything you can to keep them and creating an engaging business culture is key. But how does a business create an engaged workforce? Create a culture of philanthropy. If you are a business owner, hiring manager, or a talented individual who likes to give back, this episode will help answer the following questions: How do you find the right person (or how do you know if you have found the right person)? What are some ways – traditional and out-of-the-box – that businesses can find and retain talent? How can philanthropy systems factor into finding and retaining talent? If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
From word processing to filing taxes, there’s a software solution for everything these days. As society continues to change and legislation alters the way business is done, there are people who are hard at work developing programs to address these changes. Take South Dakota v. Wayfair, for example. Overnight, the way companies calculated and paid taxes in the various states they do business changed. Fortunately, tech solutions were immediately available to make the changes a little more tolerable. Kathy LaMonica, a senior manager and technology consultant on Rea’s state and local tax team, joins Dave Cain on unsuitable to talk about the various tech solutions available and how they can save businesses from costly fines and penalties now that Wayfair is the law of the land. Easing Compliance Burdens & Audit Risk Using new software and automation can significantly simplify the filing process – and a streamlined process frees up your time to focus on tax planning and savings strategies. Leveraging software and process improvements can also assist with audit proofing a business, or at least help you get a handle on sales tax issues before an auditor knocks at the door. If your business operates or sells in multiple states, listen to this episode to learn: Why you can’t just wait and see if a state your operate in knocks at your door. Instead, you need to be proactive about tracking your out-of-state sales or you are at risk. How software can simplify the tax calculation (both what is taxable and what rate should be charged). What software you might want to use in your business. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your professional networks on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com. Finally, if you have questions about your technology options, feel free to reach out to Kathy directly at www.reacpa.com/biography/katherine-lamonica.
As a business leader, you’re already expected to wear many hats. And for many professionals, sooner or later, one of your hats will likely say “volunteer” across the brim. You already know that volunteering can be a great way to give back to your community and the causes you care deeply about. But it can also be a really big responsibility, especially if you’re asked to sit on the board. As the principal and founder of The Benefactor Group, Laura MacDonald is committed to working with nonprofits, donors, and civic leaders of all sizes. She knows all about the challenges these organizations face when trying to find an ideal candidate to join their boards, which is why she encourages all volunteers to take the time to consider what exactly is being asked of them before committing to such a major responsibility. To help you reach a well-informed decision that will result in years of fulfilling philanthropy, Laura is going to explain what you should do when you’re asked to join a board. What to Ask When You’re Asked to Volunteer If you are asked to join a board, you should start by asking yourself a few questions: Why am I interested in serving on this board? Do I care about the mission of the organization? Do I like or admire the other board members? There are also fringe benefits to joining an organization’s board, such as professional networking or development, but those shouldn’t be your main reasons for volunteering with an organization – you and the organization will both get more out of your time if you care about the cause and are interested in working with the people already serving in the organization. If you are currently volunteering or are considering doing it in the future (and if you haven’t, you really should consider it), you will be interested in these other topics discussed in this episode: Setting expectations: time, talent, treasure, and testimony What policy governances are and how it is different from uber-management How to get the most from the experience of giving back If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com. unsuitable on Rea Radio is a production of Crate Media
Whether or not you like to use social media in your personal life, if you’re a business owner who is taking the anti-social media approach, you’re really only hurting yourself. So, in this episode, Rebecca Weiand, Rea’s social media superstar, is here to explain: Why you should consider using social media, how to choose which one is the right one for your business, and, even if you are already using social media, how you could be using it better. Post, But Don’t Sell Using social media is a great way to share and promote the services or products your business has to offer. However, it’s important that you understand that people are not using social media to be sold – they want to engage and get to know your business. The sales will come once your audience is engaged and trusts your brand. If you are a business owner or you are responsible for social media in a business, you will be interested in these other topics discussed in this episode: Don’t just post. It is important to use all the tools social media has to offer (photos, videos, live feeds, contests, etc.) Sharing the content your audience wants to see will lead to them engaging with your other content, which can then make you more visible to other people because the algorithms in the background will be more likely to prioritize your content. You can’t set it and forget it. There are a lot of great tools that help you with your content, from sharing to tracking your brand, but you still need to actively engage to get noticed. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com. unsuitable on Rea Radio is a production of Crate Media
Today’s guest is well-known for her advocacy of clean bookkeeping practices. In fact, while preparing for the interview today, we learned that she may or may not have spent hours meditating on the ways business owners might achieve bookkeeping bliss and the many benefits such a state of zen can achieve. Since joining the firm, client education and development liaison Amy Smith has developed a solid reputation for her bookkeeping expertise – particularly with regard to QuickBooks. In this episode of unsuitable, she will share with us the benefits of consistent and correct bookkeeping, while offering up some tips to help us achieve our own state of bookkeeping bliss. Bookkeeping Bliss: More than just good bookkeeping The secret benefit of having great bookkeeping practices, Amy tells us, isn’t just having balanced books and a lower risk of audit. Really, it helps you, your business, and everyone who works in it run more effectively. Because if your numbers aren’t in order, if your inventory is a mess, if you don’t know how much money you have coming in and people don’t know if they will even be paid, people feel anxious and chaotic – and as a result, they can’t work as effectively. And avoiding all of that is as simple as creating a process. If you are a business owner or in charge of the books for a business, you will be interested in these other topics discussed in this episode: Bookkeeping is all about creating a process to track the details You don’t have to know it all … but you do have to know a little. With good books comes accurate reporting – and accurate reporting gives you leverage and options If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com. unsuitable on Rea Radio is a production of Crate Media
The workplace can be a dangerous place, and without the right training, education, policies, and procedures in place, you could be looking at workplace injuries, citations, and fines. Luckily, our guest is well-versed when it comes to protecting companies and people. From ensuring that common safety compliance measures have been implemented and managed to teaching employees the Combat Objective Battle Ready Applications self-defense system for personal protection in the workplace, Wayne Burley does it all. A trainer with MHS WorkSafe, Wayne brings more than 20 years of HR and work safety experience to his role, as well as 36 years of experience in defensive tactics instruction. This guy means business, and on this episode of unsuitable, he’s going to talk about what organizations can do to protect both employers and their employees. A Little Pain Now Vs. A LOT of Pain Later Some employers and employees lament the “pain” of putting in place new policies, procedures, and training to ensure work safety and OSHA compliance. However, Wayne assures us that this much less than the pain that will follow if the client has an OSHA visit resulting in citations. If you are have any employees or you are an employee, you will be interested in these other topics discussed in this episode: What OSHA is and how they manage the workplace. The cost of hesitation. Creating plans for active shooter response and other emergencies within your organization. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Are you looking for a silver bullet that will magically transform your sales staff into a team that wins nearly every opportunity nearly every time? Unfortunately, we haven’t learned about any special magic words, secret potions, genies in lamps, or leprechauns – but what we do have might be better. On this episode of unsuitable on Rea Radio, we will are joined by special guest, James Rores, who is going to teach us how – with a little hard work, accountability, and perseverance – you can increase sales and drive rapid growth. Getting to Know James As an accomplished sales performance expert, author of the Collecting WINS sales platform and founder of the Growth Multiplier Movement and the Floriss Group, James Rores helps CEOs and sales leaders transform their sales and customer-facing teams so that they are capable of doubling or tripling their sales over a short period of time. If you want to experience rapid growth in your business, you will be interested in these topics discussed in this episode: How to figure out where you need to start your sales transformation How to strategically organize your efforts so that incremental improvements in behavior result in significant improvements in revenue How you can avoid the barriers to success that organizations often run into If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
You’ve likely heard about The Golden Rule – that we should always strive to treat others how we would like to be treated – but what if the people you encountered didn’t want to be treated the same way as you? How would you engage with a group of people if you had no idea how to approach them? According to today’s guest, this is just another day in the life of a marketer. Becca Davis, director of practice growth here at Rea, has spent more than a decade learning about people and how businesses can better engage potential customers. Today’s she’s going to talk about some of the lessons she’s learned along the way, while identifying trends that are rapidly re-shaping the wonderful world of marketing. Platinum Rule > Golden Rule We learned in Kindergarten to treat other people how you want to be treated. That works if you’re trying to teach a kid not to throw rocks at another kid, but it doesn’t always work in business. Instead, you should be practicing The Platinum Rule: Treat people how they want to be treated. If you are ready to start thinking about marketing differently, you will be interested in these other topics discussed in this episode: How artificial intelligence (marketing automation, chatbots, etc) can streamline your marketing efforts. Using data to learn more about what your target audience wants. Personalizing multi-channel marketing, including snail mail. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
One of the recurring topics on this podcast has been the importance of planning for the unexpected in your business. For the last several decades, one of our most outspoken advocates of this message has been Tim McDaniel, a principal on Rea’s valuation and transaction advisory services team. Today, Tim’s central message will not be about the importance of planning ahead in your business. Instead, he will be delivering another message – one that is deeply personal – and that zeros in on a subject that has turned his whole life upside down. Becoming an ALS Warrior Every year, around 6,000 people in the U.S. are diagnosed with amyotrophic lateral sclerosis, or ALS. Lou Gehrig, Stephen Hawking, Sam Shepard, Glenn Montgomery, Charles Mingus, and countless others have fought and died from this disease – and recently, Tim joined this fight. Today, ALS is always fatal and patients typically only live three to five years after diagnosis, but it doesn’t have to be this way. In recent years, there have been great strides in the scientific community and it’s only a matter of time before a cure is found. Unfortunately, there are other roadblocks to contend with as well, and these are the roadblocks Tim and so many other ALS Warriors are determined to remove. May is ALS Awareness Month and we are proud to bring you this special episode of unsuitable on Rea Radio to help raise awareness of this terrible disease. If you want to support Tim and ALS research, here’s how you can help: Contact Rea or Tim about opportunities for Tim to speak with the media about ALS and the advocacy ALS need Join Central Ohio ALS – visit alsohio.org to learn more Join IAMALS.org as an advocate and donate to their cause Support Rea & Associates’ “Walk to Defeat ALS” team “Trekking 4 Tim” Follow Tim McDaniel on Twitter – https://twitter.com/timtmcdaniel (@TimTMcDaniel) Follow Tim’s CaringBridge account for updates: caringbridge.org/public/timmcdaniel If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Competition for top talent continues to be fierce across the board, which means more companies are developing strategies to attract and recruit potential job prospects earlier. For many, internships have become much more than a glimpse into a company or a chosen profession. Today, internships are necessary first steps in the journey of a young professional’s career within a company. On this episode of unsuitable on Rea Radio, we are fortunate to have two young professionals on the mic, Alex Bixler & Derek Mohr. Alex and Derek are here to talk about their own unique career paths and the role their internship experience played in setting them up for success. Then, we are going to put the two on the spot and ask them speak on behalf of all millennials when it comes to identifying what this generation is looking for when searching for – or staying at – a job. Trust us – business owners everywhere want to know the answers to this question. Why Creating an Internship Program is a Win-Win Derek and Alex both started their careers at Rea as interns, while they were attending THE Ohio State University. They didn’t receive college credit, but it was paid – and Alex says that the experience outweighed the credit he would have received. But Rea benefits just as much from having these talented interns, if not more, and other businesses should consider the value of creating a similar program and/or partnering with local universities. It’s one of the best ways to bridge the talent gap by creating relationships with the soon-to-be young professionals who you really want to be part of the future of your organization. If you are a business owner, a young professional struggling to find the right job, or a student who’s not sure how to enter the working world, you will be interested in these other topics discussed in this episode: What’s important to millennials when they’re looking for a job (or considering whether to stay at a job). Going from student to young professional. Learning to embrace your role within an organization. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Just because we made it past April 15th doesn’t mean we’re going to stop talking about taxes. In fact, every time we think we have a handle on one thing, another tax concern leaves us scratching our heads and dipping into our pockets – and right now, state taxes are leaving our heads scratched raw and our pockets a little light. Now that “Wayfair” is the law of the land, states continue to seek out additional sources of revenue, but perhaps the biggest area of focus has to do with sales tax. Joining us on this episode of unsuitable on Rea Radio is Joe Popp, a principal with the firm and director of state and local tax services. Joe’s going to tell us what businesses should be doing to protect themselves from the state’s new taxation initiative. Welcome to Crazy Town Wayfair is, as our host Dave Cain describes it, “crazy town.” Now that states have implemented some version of Wayfair, they’re looking at creating anti-avoidance rules that prevent businesses from taking advantage of loopholes to avoid taxation in a state (like splitting a business into two so that revenue falls below a certain threshold). But here’s where it starts getting crazy – states are farming out their state tax audits on a contingent fee! We’re in for a wild ride in 2019 as we see how this all shakes out. If you are operating a business inside of the United States, especially a small business, you will be interested in these other topics discussed in this episode: Beyond Crazy Town – Massachusetts’ daily sales tax reporting What you need to know about selling in an online marketplaces What should a small business do right now to make sure they aren’t at risk? If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
The IRS has replaced the existing rules for auditing large partnerships with a set of new, streamlined rules. So in this episode of unsuitable on Rea Radio, we sit down with Chris Axene, a principal at Rea and a partnership guru, to learn what these new rules are and how they will impact partners and partnerships going forward. So, What Changed? The significant changes to partnership audit procedures and operating agreements flew under the radar, somewhat, buried under the shadow of the tax reform act that was passed in 2018. One of the biggest changes under the new rules is that there is a designated partnership representative who has far more power and authority than the tax matters partners that existed under the old rules. So, partnerships now need to designate a representative, and if you don’t, the IRS can nominate one for you. This means one person in the partnership will have, in the eyes of the IRS, more power and authority when it comes to tax matters, so that could be troubling to other members of the partnership and will require changes to the operating agreement. However, no one really knows what the practical implications of these rules mean yet, and it will likely be 2020 before we start seeing them. If you are in a business partnership or considering entering one, you will be interested in these other topics discussed in this episode: The importance of an operating agreement (& what happens when it isn’t followed). What the new partnership audit rules are and how they will impact partners and partnerships going forward. How some partnerships can potentially opt out of these new rules. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Another tax season has come and gone and we are left with a lot to consider. This was the first year we got to see the Tax Cuts and Jobs Act in action and a lot of people, it seems, were caught off guard. So in this episode of unsuitable on Rea Radio, Chris Axene, Rea’s sultan of taxation, joins us to go over what the accounting industry noticed about this year’s tax season – the good, the bad, and the ugly – and how we can improve in the year ahead. Winners & Losers Whenever there is tax reform, there are winners and losers, and as we exit the tax season, we have a much clearer picture about who came out on top. One of the big winners is the small business owner with average annual gross receipts of $25 million or less for the three years prior, who is allowed to use the cash method of accounting. This is also indexed for inflation, so the threshold will be $26 million in 2019, meaning even more business owners will be able to benefit from this in the year ahead. If you are pay taxes as an individual or a business, you will be interested in these other topics discussed in this episode: Who is now paying more due to tax reform. What’s up with qualified business income? Where there are opportunities for businesses to save money in the 2019 tax season. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
It’s an unfortunate fact that hundreds of thousands of adults older than 60 are abused, neglected, or financially exploited. This topic is not an easy one, but it’s necessary to talk about – and it’s one that our guest is particularly passionate about. Darlene Finzer, a principal with Rea & Associates, is committed to educating others about the signs of financial abuse among the elderly. While elder abuse notoriously hard to detect, warning signs do exist, and it’s up to those who see the signs to speak up. What is Elder Abuse? Elder abuse generally falls under three main categories: abuse, neglect, and exploitation. As CPAs, as trusted advisors who are looking at investment documents and financial statements every day, we are in a prime position to see when individuals are being financially exploited, or even if someone is particularly susceptible to exploitation. And this is very much necessary because seniors lose about $36M annually – and that’s just the amount that is reported. It is estimated that one in 10 seniors in a private home setting are being exploited in some manner, and only one in 44 cases is actually being reported. About ⅓ of that money is stolen due to criminal fraud, but the remaining amount is taken by a family member or someone they are familiar with. So if you are over the age of 60, some of your loved ones are over the age of 60, or you work with individuals over the age of 60, you will be interested in these other topics discussed in this episode: The mandatory reporting of elder abuse by CPAs: why it’s necessary and when this policy was enacted. Why seniors are at risk for abuse. The first steps you should take if you suspect elder abuse. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Once upon a time, the majority of businesses had a product or service to sell, employees to sell it, and a back office to ensure that the business was functioning efficiently. Today, some businesses no longer maintain a back office. Instead, they are turning to outside providers for functions like accounts payable, accounts receivable, and payroll – and for good reason. Matt Long, a principal on Rea’s client advisory services team, joins us on this episode of unsuitable on Rea Radio to talk about the benefits associated with outsourcing the back office and why more businesses are choosing this route. The Times They are a Changin’ In return for outsourcing the back office, business owners are gaining more time to focus on the work they are passionate about; peace of mind knowing that that their bills and employees will be paid on time, every time; and timely access to vital data to help manage their business better. This is why accounting and finance professionals have to become – and we’re sure you’ve heard this before – trusted business advisors for their clients, leveraging every new tool possible to do the work efficiently and effectively, and then learning how to communicate the data in a way that relates to the client’s goals. If you are an accounting and finance professional or you are a business owner in need of these services, you will be interested in these other topics discussed in this episode: Why outsourcing the back office can be both more affordable and more beneficial for small- and medium-sized businesses. How leveraging technology means less work for accountants and better data for our clients (and the technology that we’re using at Rea). Transitioning from reactive business practices to proactive business practices. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Do you offer a retirement plan as part of your benefits package? Then you’re probably familiar with the census form... but do you know why this form is necessary? Andrea McLane, a senior manager and retirement plan consultant at Rea, joins unsuitable on Rea Radio to explain the retirement plan census, while passing along some best practices that will keep you from getting lost in the paperwork. Andrea chose a great week to join the show too, because she can help us all celebrate National Employee Benefits Day, which just happens to be April 2 this year! What is this census data form and who needs to fill it out Businesses (or a firm they outsource accounting duties to) should be sending census data forms to their employees every year, in order to do testing and calculate employee contributions to retirement plans. A lot of people think they only need to get this information from people participating in a retirement plan, but you need that data for every person who receives a W2. If you are a business owner or an employee with retirement benefits, you will be interested in these other topics discussed in this episode: How to get your census done quickly and effectively Why you ALWAYS need to double check that what you withhold from payroll (and what happens if errors go unfixed) Why you need to update beneficiary forms and keep them in a safe place If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
The amount of data we produce continues to increase, which means the number of threats we receive from cybercriminals continues to increase as well. But just as the hackers are thinking of smarter ways to break into our networks, the good guys continue to think up new ways to protect our businesses. Ohio, for example, passed the Cybersecurity Data Breach safe harbor law in November. Today’s guest, Mike Moran, president of Affiliated Resource Group, returns to the show to explain what that is and how it can actually help you protect your business. What Does the Cybersecurity Data Breach Safe Harbor Law Mean for You? Ohio has had a data protection law on the books since 2006 that requires notifying those affected by a data breach of personal information within 45 days of realization of the breach. In November 2018, the state passed and enacted a Cybersecurity Data Breach safe harbor law that provides a civil defense against liability for a firm that has had a data breach and has a written cybersecurity plan enacted for their organization. So, if you’re wondering if your organization needs a cybersecurity plan, the answer is, unequivocally, yes! Not only is it a way to protect yourself from a potential headache and provide additional value to your clients, it’s how you can avoid being liable if you are the victim of an attack that compromises someone else’s data. Many other states have similar laws, so do some research or check in with a cybersecurity expert to ensure that your organization is adequately prepared to protect personal data. If you are responsible for storing any critical business data, or your client’s data, you will be interested in these other topics discussed in this episode: How “personal infromation” is legally defined. The five functions of a cybersecurity plan: Identify, protect, detect, respond, and recover. How a cybersecurity plan provides value to your organization. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Employers have to juggle a lot these days, especially in the area of HR compliance. In addition to usual concerns like paid sick leave, the Family & Medical Leave Act, and compensation, business owners are being confronted by a slew of new considerations – like the legalization of marijuana, generational differences, and whether it’s okay to vape indoors. Our guest Renee West, senior human resources manager at Rea, has seen a lot over the course of her HR career, but she says that this is the most HR activity and legislative updates she has ever seen. So in this episode of unsuitable, Renee shares what she thinks all these changes will mean. Compliance is Constantly Evolving The policies and regulations being discussed in this episode are relevant to companies of every size, from two-person startups to Fortune 500 companies. These regulations will also be constantly evolving. So by the time we have more guidance on these issues, new things are likely to arise. That’s why we suggest reaching out to an HR professional, even if your organization is not large enough to hire a dedicated HR professional in-house. There’s a lot in the area of HR compliance to learn, and making mistakes can be quite costly. If you are a business owner or employee, you will be interested in these other topics discussed in this episode: What you need to know about changes to federal and state policy agendas. How non-compliance can cost your business quite a bit. Whether your business can benefit from HR consulting services. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Buzz words are everywhere. From “fake news” to “mind share,” words not only shape how we think about something, but they can define a movement and even bring about social change. Here in our industry, we are being inundated by the word “disruption.” Technological advancements are hitting the accounting industry – or disrupting the industry – at a rapid pace. As a result, firms are faced with a choice: we can either embrace change and innovate or we can reject change and step aside. Here at Rea, we’ve chosen to embrace change and innovate. On this episode, Don McIntosh, our firm’s CEO, talks about what we’re doing to adapt to these changes, while working to deliver even more value to the businesses and individuals we serve. We dive deeper into the concept of disruption, how it’s changing the accounting industry, and how it’s changing the business world in general. Disruption: Rea & Associates' 2018 Annual Report The Rea & Associates leadership team is committed to long-term sustainable growth, so we’ve chosen to embrace the disruption in our industry as a means for innovation. We’re not afraid of becoming obsolete – disruption is just part of our DNA. You can check out “Disruption: Rea & Associates’ 2018 Annual Report,” to learn how we’ve addressed changes in our industry over the last year and how we plan to rise to the challenges of 2019 and beyond. If you work in the accounting industry or with accountants, you will be interested in these other topics discussed in this episode: Why Rea is investing in a Dynamic Audit Solution. How disruption materializes as new products and services, to the benefit of the client. What Rea is doing in 2019. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Are you ready for a refresher course on business valuations? Mary Beth Koester is Rea’s Director of Valuation & Transaction Advisory Services joins unsuitable to walk us through the basics: What is a valuation, why do business owners need one, and what other valuable services does a valuation support? We’ll answer these questions and more using some real-life examples. Why Should I Get a Valuation (If I’m Not Looking to Sell)? When most business owners think of valuations, they tend to think of it in the context of a liquidity event, such as a partner passing away, estate planning, or succession planning. However, it’s also just part of a good business strategy and planning for the future. If you are a business owner or executive, you will be interested in these other topics discussed in this episode: How the stock market affects business valuations Valuations for “lifestyle companies” How you can use valuations for business planning & risk assessment If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
In the past, the term “golden handcuffs” was used to refer to the financial incentives employers offered to key employees to encourage them to stay with the company. And today, with so many businesses competing for top talent, you have to wonder how many businesses are using this technique and whether it’s successful. Kevin Monaghan, owner of Intuitive Compensation Group, is back with us on this week’s episode of unsuitable on Rea Radio to talk about the concept of golden handcuffs and whether or not they help or hurt employee retention. If you haven’t had a chance to listen to last week’s episode with Kevin, we highly recommend it – especially if you own, work in, or stand to inherit a family-owned business. Compensation without Handcuffs There are six pillars of compensation: pay, benefits, equity, profit-sharing plans, phantom stock/equity, and structure. This last pillar is a combination of legal, CPA, and insurance work, and helping organizations understand how to use things like leveraged 162 bonus plans is where Intuitive Compensation Group come in. If you have employees, manage employees, or are an employee, you will be interested in these other topics discussed in this episode: Negative examples of employers who have tried to make their employees stay with their company (a la golden handcuffs) Positive examples of employers who have improved employee retention, particularly among key employees How you can promote an entrepreneurial spirit among your employees, specifically key employees, within your business If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com. CRN202101-242650: Monaghan - Rea & Associates Podcast 172 – Ke
Locally owned family businesses are the backbone of the American economy, and we are so fortunate to be able to work with many of them at Rea. It is a proud moment when a parent can pass the legacy of business ownership on to their children, but it also brings some unique challenges. For a parent to be able to pass the legacy of business ownership on to their children is a proud moment, but it also brings some unique challenges. Our guest Kevin Monaghan, the owner of Intuitive Compensation Group, works with businesses that struggle through these multi-generational challenges. In this episode, he will help us identify what these challenges are and what multi-generational business owners can do to maintain equality among children, while addressing the concerns of long-term employees so you can achieve as close to a “win-win” scenario as possible. This is the first of a special two-part series with Kevin. On our next episode, we will dive into the topic of the golden handcuffs and their impact on employee retention. Family Matters One of the great things about working with family-owned businesses is the excitement and satisfaction that comes when the business successfully passes through multiple generations. However, successfully transferring a business to a child is easier said than done. So how do you give both sides clarity, while at the same time, keeping it fair – because the parent(s) have to take care of themselves as well, and there might be multiple children vying for leadership positions. It comes down to creating compensation packages that are fair to everyone, if not necessarily equal. If your family owns a business or you are employed by a family-owned business, you will be interested in these other topics discussed in this episode: The family business dynamic and the internal family power struggles that can exist as a result. What the owners of family businesses can do to ensure that the next generation of family members – whether they work in the business or not – are all treated fairly How older business owners can balance their children’s development and maintain equality while keeping key employees from feeling as though they’ve been passed over When families should be starting this process If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com. CRN202102-242649: Monaghan - Rea & Associates Podcast 171 - Family B
We’re hot and heavy into the 2019 tax season, which means we’re all getting to see how the Tax Cuts and Jobs Act actually plays out on our tax returns. Naturally, because we are up close and personal with our finances this time of year, questions about financial wellness and planning strategies are at the forefront. So we are happy to welcome Cindy Kula, one of the region’s leading tax planning specialists and a senior manager on Rea’s tax team, back on unsuitable to lead us through the tax talk. Financial Life Stages All generations experience similar life and financial events. So when developing a financial strategy, we need to be aware that finances are static, as are needs. The financial stages coordinate with patterns set by our income levels, spending habits, family situation, and the areas of financial concern. Young and old, we need to educate all generations on the importance of financial wellness and how they can prepare a strong financial legacy. If you are a taxpayer, you will be interested in these other topics discussed in this episode: What you can learn by getting up close and personal with your tax return Learning to pay yourself first and ensure financial security in both the short-term and long term How to set up a financial journal – the perfect legacy! If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
We’ve all been talking about cybersecurity for several years now, but the threat has been around much longer than that – and with every day that passes, the threat continues to grow and evolve. But our guest, Paul Hugenberg, has pioneered a new line of defense for businesses and the customers they serve. Paul is co-founder and CEO of InfoGPS Networks, a software development company based out of North Canton that specializes in monitoring and leveraging data-at-rest for applications across a variety of markets. He shares what you need to know about the threats taking aim at our businesses today and how a different mindset can result in improved protection. The Unique Threat of Cybersecurity Cybersecurity poses a unique risk to organizations of all sizes. You may think your organization is too small or unimportant to be targeted, but organizations don’t need to be targeted to be cybersecurity victims. They just need to be “connected.” Many threats are simply “scans” routinely cast across the internet that take advantage of whatever is caught. The driving concern is about keeping data private and secure. Unfortunately, data is the fastest growing asset and it can be stolen (breached) without being physically removed (because most breaches are quiet copies). If you use the internet for your business – or even have an internet connection – you will be interested in these other topics discussed in this episode: What types of threats are putting businesses at risk today The threats that you can handle without hiring an expert, and when is it important to bring in an outside expert to evaluate (or even correct) the cybersecurity posture of your organization Why your organization should implement a cybersecurity framework If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
It’s a new year, which means a lot of us are looking at our current financial situation, our investment portfolio, and how we can strengthen our long-term prospects. Matt Andreas, a financial advisor with Investment Partners, joins the show to give us some tips to help us make the most out of the year ahead. He will be tackling the importance of asset allocation, why planning is critical, and how you can overcome market volatility. Stick to the Plan In today’s volatile environment, you see a lot of people reacting based on their emotions – but if you let your emotions dictate your investment strategy, it will most likely lead you the exact wrong way. You need to create a plan that minimizes risk (and it never hurts to make that plan with a financial advisor at hand), then stick to it. If you want some guidance with your investment strategy, you will be interested in these other topics discussed in this episode: The importance of asset allocation and diversification Appropriate asset allocation will vary based on a number of factors, including your age, risk tolerance, and financial goals How to factor the volatility of the market into your plan If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Disruption is hitting us from all sides these days: a glut of new technologies, evolving client expectations, and young employees that think and behave differently. In this episode of unsuitable, Kim Veal, CPA, a supervisor on Rea’s retirement plan audit team, is going to tell us how disruption’s newest target might just be the retirement planning industry. A New Employee Benefit (& Your New Competitive Advantage) One of the biggest struggles facing employees today is student loan debt, but one employer has come up with a new solution to tackle this struggle: a student loan repayment program attached to their 401(k). Not only is this helping solve one of the biggest problems for the growing Millennial and Gen-Z workforce, it’s also addressing the perennial issue of recruiting and retaining top talent. If you are a business owner, you will be interested in these other topics discussed in this episode: What this option could mean for you, as an employer, if you want to jump on the bandwagon. How you can start implementing a similar plan in your organization – or even for your clients. How this new type of plan might affect an audit. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Managing your business’s payroll requires you to do more than just write a few checks to your employees each month. For example, when you hire a new employee, you have to collect a lot of information before you can even think about putting them to work for you. But do you know what all that information is and why it matters? And after gathering your employee’s information, do you know which forms you need to maintain in the event you are called on to be audited? There are a lot of questions (and repercussions you want to avoid) when it comes to payroll, so Dee Gray, a certified payroll professional and client service specialist in our New Philadelphia office, is here to help us understand the payroll function a little better. Payroll 101: DIY or Outsource? Payroll can trigger a huge risk to business owners – risk you may not even know about it until you get a letter from the IRS. So there are distinct benefits to leveraging someone else’s expertise and processes by outsourcing it to a payroll provider: they can minimize potential problems, and then if issues do pop up, you’ll have someone who can walk you through the process of handling them. However, if there are any errors, the ultimately responsibility and liability falls onto the business owner – so even if you’re outsourcing payroll, make sure to double check everything! We even outsource our payroll here at Rea, but we also have internal controls in place to review every step of the process. If you are an employer or an employee, you will be interested in these other topics discussed in this episode: What you can do if you’re past the deadline for submitting W-2s, 1095s, or 1099s (or if you discover there’s an error). What employee forms you should have and maintain in case of an audit. How you can introduce additional controls or checks and balances into your payroll processes. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
As we embark on the 2019 tax season, Ohio is set to become a case study in the area of using Bitcoin to settle your business’s tax bill. Here to talk us through what this change means for businesses throughout the state and how one would actually go about making a tax payment with cryptocurrency is Melane Howell, Rea’s regional expert in the area of cryptocurrency. Breaking Bitcoin News Just in time to celebrate Bitcoin’s 10th birthday, Ohio will now be accepting Bitcoin payments for business taxes – the first U.S. state to allow this. Businesses can pay 23 different types of taxes through http://ohiocrypto.com/ (OhioCrypto.com), the state’s Cryptocurrency Tax Payment Portal. Note that this option is currently only available for businesses, not individuals, but that may change in the future. If you are a business owner in Ohio or another state looking to pass a similar law, or you’re just keeping tabs on cryptocurrency, you will be interested in these other topics discussed in this episode: Bitcoin and the volatile market The potential benefits of paying taxes using Bitcoin Other ways you’ll likely be able to spend cryptocurrency in the coming months or years If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
We’re a few weeks away from the start of a whole new year and you know what that means – it’s time to make our New Year’s Resolutions! From an economic standpoint, 2018 was good to quite a few of us. But as we look to 2019, we have an excellent opportunity to secure even greater financial wellness. Angie Isakson, a senior manager on Rea’s retirement plan administration team, is here to talk about some great savings strategies that can empower you to save even more for retirement. Making Hardships a Little Less Hard The ultimate goal for retirement plans is to save more for retirement, obviously, but the current hardship withdrawal rules are limiting that ability. At the moment, if you apply for a hardship, you have to exhaust any loan availability – but starting in 2019, they’re doing away with that. They’re also doing away with the rule that doesn’t allow someone to defer anything from their paycheck for six months after applying for a hardship withdrawal, meaning you can continue to save for retirement after applying. If you want to make 2019 a banner year for your bank account, you will be interested in these other topics discussed in this episode: More changes to hardship withdrawal rules. The IRS private letter ruling regarding student loan repayments. General retirement savings strategies to remember in 2019. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
We’re enjoying the calm before the storm here at Rea. In just about a month it will be “all hands on deck” for accountants everywhere. While most of us are still buzzing about federal tax bills and future tax planning strategies under the Tax Cuts and Jobs Act, our state and local tax team is looking at this upcoming tax season from another angle. Joining us on today’s episode of unsuitable is Luke Lucas, income and franchise manager on Rea’s state and local tax team. Luke is here to help us understand how our state taxes could be impacted this year by federal tax reform, the Wayfair v. South Dakota decision, and the recent CAT sales sourcing rulings. Don’t Let Wayfair Get You Down There is no statute of limitations for failing to file a tax return that you should have filed, and we’ve seen this hit businesses in a big way because they just weren’t adequately prepared to track sales out of state. With new economic nexus nexus regulations as a result of Wayfair, this is the best time to make sure you have the technology necessary to track out-of-state sales and a trusted advisor that can help you navigate the complexities of state tax laws. If you are a business owner in any state, you will be interested in these other topics discussed in this episode: How federal tax reform impacts state taxes Wayfair’s impact on state income taxation (and the out-of-state taxes most likely to affect your business) What the recent CAT sales sourcing rulings means for business owners If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
As we head into 2019, there’s a lot you need to know if you are in the real estate and construction industries. New nexus laws will greatly impact these industries, they require unique tax planning strategies, and some experts are predicting that the multi-family housing market has peaked. We’re joined again by Doug Houser, Rea’s new director of construction and real estate services. Doug is the perfect person to help us navigate these changes because he has spent over 20 years specializing in construction and real estate, in both the banking industry and public accounting. Finding the Right Bank for Building A construction company’s financial statements look very different than, say, a manufacturer’s. So if you are in construction or real estate, make sure your bank understands your industry and your business. The industry is doing extremely well right now, so a misunderstanding with your bank that disrupts cashflow is the last thing you need. If you are part of the construction or real estate industries, you will be interested in these other topics discussed in this episode: Why quality of information is a premium in the construction industry – and the consequences of not having quality information. How new Nexus laws will likely affect construction and real estate. Has the multi-family housing market peaked? What you need to consider when it comes to estate planning, exit planning, and succession planning If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
If you have a strong relationship with your banker, you know just how valuable that relationship can be to a business’s bottom line. On the other hand, those who only use their banker for a few transactional services here and there probably have no idea what that’s like, and the idea of establishing and nurturing a relationship with a banker might sound like a foreign concept. In this episode of unsuitable, we will pull back the curtain and examine everything from the benefits of banking relationships to what questions to ask at your next meeting with your banker, to how to choose the right institution to work with. Our guest Doug Houser, who recently joined Rea as our new director of construction and real estate services, knows all about the importance of banking relationships. While he has more than 25 years of experience in accounting, he has racked up first-hand experience in the banking industry as well and he is going to offer us an entirely new perspective to how we approach our banking relationships. What You Don’t Know Could Hurt You Banks have varying levels of strengths and capabilities that are not always fully transparent to the client. Assistance can range from a quick and honest assessment to a full bank relationship review, covering loan terms such as tenor, rate structure, reporting requirements, collateral coverage, financial and operating covenants, guaranty structure, and documentation. This can also include a simple review of treasury and cash management products and services, and optimizing this setup to match your internal needs and capabilities (i.e. are there more cost effective product solutions available?). So how do you learn what you don’t know? We’ll give you some questions to help you figure that out. If you are a business owner, you will be interested in these other topics discussed in this episode: Which bank is the right bank? There is no “one-size-fits-all” bank. What you need to know about loans. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Here very soon, the trees will be completely stripped of their leaves, the fields will be cleared of their crops, and the taxpayers will be looking for ways to plan for the future without being stripped of their wealth. Brace yourself: tax and estate planning season is coming. Brian Kempf, a principal in Rea’s Millersburg office, regularly works with clients to develop tax planning strategies designed to protect their wealth and sustain their businesses, specializing in tax and estate planning for family farms and leaders in the agribusiness sector. Additionally, since the Tax Cuts and Jobs Act took effect, Brian has studied each provision in search of growth opportunities. Farmin’ Ain’t Easy It’s no secret that this particular industry has seen its share of struggles in recent years – there has been a price slump for the past couple years and Ohio has lost about 7.5 percent of their dairy farms over the last year, totaling over 170 farms – but we’re here to tell you that, with the right planning and strategy, financial growth continues to be possible in the farming industry. If you are part of the farming community or just need to start tax planning, you will be interested in these other topics discussed in this episode: Tax planning tips Estate planning strategies Unique challenges facing the agriculture industry If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Do you love what you do? I mean, do you really love the work you do and the people you do it for? If you’re a business owner or the leader of an organization, you were probably pretty passionate about what you wanted to achieve in the beginning. But, as the years go by, sometimes that passion is replaced by the need to manage people, pay bills, and turn a profit. While it can be hard to keep that passion alive, Linda Friel, CFO of Payne & Payne Builders, is with us today to tell us why it’s important to stay passionate in your profession, what you can do to keep the passion alive, and how doing so can help keep all the other responsibilities you’re managing in line. We’d also like to extend a congratulations to our guest because on November 7th, 2009, in San Diego, California, the Custom Homebuilders Committee of the National Association of Home Builders (NAHB) named Payne & Payne Builders as its 2009 National Custom Home Builder of the Year – and what better way to serve people than by helping them build the home of their dreams? The Business Case for Serving Others We’ve all heard that word of mouth is the best (and cheapest) form of marketing you can have – and when you go the extra mile for your client, they will go the extra mile for you. At Payne & Payne, for example, 95 percent of referrals come from current or past clients. If you want that kind of loyalty, try following Linda’s lead. If you want to make a difference in the lives of the people you work with or in your community, you will be interested in these other takeaways from this episode: Don’t be afraid to become personally invested in your job People and personal relationships are everything Take care of your clients and, in return, they will take care of you If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
It’s that time of year again – time for us to start shouting from the rooftops about the importance of year-end tax planning and tax season prep. Yes, you probably hear your accountants talk about this stuff all the time, but it’s only because we care. Not only will good bookkeeping habits save you tons of time in the long-run, you might find that you actually save some money too. Amy Smith, Rea’s bookkeeping extraordinaire and QuickBooks guru, is back to talk about what you actually stand to gain when you get your books in order. It’s not too late! The 4th quarter is your prime opportunity to get ahead of tax season and get your books up and running, even if you haven’t started yet! We know that a lot of small business owners are extremely busy and focused on what’s happening today and (maybe) tomorrow, and they’re not necessarily thinking about the end of the year, especially not 30 years from now. But if you couple taking advantage of tax planning and utilizing retirement planning as a benefit to offset tax, you’re going to thank yourself in January and when you retire. If you are paying your taxes (you are paying your taxes, right?), you will be interested in these other topics discussed in this episode: How year-end tax planning might save you some money What you can do now to get ahead of tax season The most important and most easily overlooked items you should be looking to organize as you get your books in order If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Now that we’re coming up on the end of the year, what do you have to show for all the hard work you’ve put in over the past several months? Did you meet any personal goals? Maybe some business goals? Unfortunately, for most people, the simple act of goal setting can turn a relatively simple aspiration into a pipe dream – or, even worse, a perceived failure – within a matter of months. Luckily, our guest on this episode of unsuitable, Rea’s COO Jeremy Senften, is going to tell us what the heck we’re doing wrong so that, the next time we set a goal, we don’t fall flat on our faces. Setting Goals & Executing Them The secret to goal-setting is that it’s not as difficult as we often make it out to be – we just set ourselves up for failure because we don’t have a plan. But if you follow the steps below and break your big goals into smaller steps, you’ll be making progress and achieving your goals in no time. If you want to get more done in 2019, you will want to follow this simple formula for goal setting: Have a vision, passion, or problem to solve. You don’t want to set yourself up for failure by pursuing a goal you don’t really want to achieve. Know your “Why”(and then write it down and put it somewhere you will see it every day). Figure out what smaller, incremental steps it will take to achieve your big goal. These small goals are much easier to focus on and see progress, which will give you the momentum you need to keep going. Track your progress so that you know you’re always moving the ball forward. Have an accountability partner/group – because we all need support when life happens and things get difficult! If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
By 2020, Millennials will make up one third of the global workforce. We’ve all heard a lot of people with a lot of opinions about millennials, and there are some pretty negative stereotypes out there today – But the fact is, these stereotypes (at least for the most part) are flat-out wrong. Sarah Sparks and Deirdra DiVittis are two of our younger team members here at Rea. We are fortunate to have some really great young talent on our team here at Rea so we brought them on unsuitable on Rea Radio to ask them about what attracts them to a job and what keeps them here. Don’t Believe Everything You Hear... For example, have you heard that millennials are lazy? Maybe something about participation trophies? Well, most of them work more than 40 hours a week and a good chunk of them will work around 50 hours without batting an eyelash. Contrary to what you may have heard before, there are some really hard working millennials out there – you just have to know where to find them and what to offer them! If you want hire the great young talent that will become your organization’s future leadership, you will be interested in these other topics discussed in this episode: Why you should embrace different backgrounds, education, and training What many prospective young employees are looking for when choosing a company to work for Why, even when you have young talent on the payroll, you have to make an ongoing effort to keep them If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
A major part of doing business is networking. We can’t even tell you how much time we’ve spent on the golf course over the years – all for the sake of business development, of course. So when the Tax Cuts and Jobs Act (TCJA) was released late last year, there were a lot of business owners scratching their heads about how to handle their entertainment expenses going forward. It is pretty clear that expenses related to entertainment, amusement, or recreation were no longer deductible, but what about meals, or food and beverages consumed during an event? Chris Axene, Rea’s own tax reform development bloodhound, has been following this particular provision closely and joins us on this episode to discuss what the IRS says now that they’ve released additional guidance. Can you deduct your beers and meals after a round of golf with your client? The IRS clarifies that meals and beverages are, in fact, deductible (with the proper documentation and substantiation, of course). However, those country club dues for that round of golf are not, nor are most other forms of “entertaining” your clients and potential clients. Note that, at this point in time, these are only proposed regulations by the IRS, so they are not binding yet – but we can rely on them for now. If you ever find yourself networking with clients and potential clients, you will be interested in these other topics discussed in this episode: Section 274 before and after TCJA, including more detail on what is and is not deductible What it means to have proper documentation and substantiation for an expense Other TCJA updates that business owners and individuals should be aware of If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
We’ve all heard how important it is to put some money away for a rainy day – and this practice is especially important for non-profit organizations. In the nonprofit world, this type of rainy day fund is called an operating reserve and it can help sustain the organization when times get tough. Ben Antonelli, a principal on our assurance team, works closely with the not-for-profit industry on a variety of projects. He is oftentimes pulled in to consult on topics related to operating reserves, financial reporting, and internal controls. In this episode, Ben talks about the importance of this type of fund and how he helps nonprofits establish their safety net. Why do you need an operating reserve? “It’s a budgeting function, a risk assessment function, and a lot of strategic planning.” However, if the freedom and safety of a rainy day fund don’t entice you, something else might: regulation! There’s a new financial reporting standard specific to nonprofits coming that will require organizations to essentially disclose their operating reserve. If you work within or with a nonprofit organization, you will be interested in these other topics discussed in this episode: How does one calculate the size of an operating reserve? You can also read Ben’s blog post for more on this: “Does Your Nonprofit’s Operating Reserve Balance Stack Up?” Common mistakes that you can avoid. Ben’s best practices and tips for establishing your safety net. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
If you are listening to this show or reading this blog, then I’m willing to bet that you already know a little bit about Rea, and you might have already checked out some of our articles and videos to learn a little bit more about the topics we’ve covered. While it might not sound like a lot at first, when you sit and think about it, it’s pretty cool that one podcast has done so much – especially when you think about how it has helped tie together our other marketing efforts. Thousands of companies and nonprofits are turning to content strategies to get the word out about their organizations, and in this episode, Abbey Kanellakis is going to tell us why. Since 2014, Abbey has been responsible for Rea’s content production and strategy and she is going to explain what exactly that means and how businesses, nonprofits, and even individuals can use this strategy effectively. Content Marketing 101 We all know that marketing is important, and we all want other people to know about our businesses or brands – but we can’t just shove our business down other peoples’ throats through advertising and expect people to really know who we are. However, by creating and sharing valuable content, we can authentically tell our stories get our brand into the minds and hearts of others, while saving some money to boot! If you want to spread the word about your business or brand, you will be interested in these other topics discussed in this episode: What businesses can benefit from content marketing How you can build credibility Why substance matters (and the loudest person in the room doesn’t always get all the attention) If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
More often than not, we go through our day-to-day work not really thinking about the steps we take to do simple tasks or how those simple tasks ultimately make up the major projects we complete as a team. But what happens when somebody on your team is sick or leaves the company? Will somebody be able to pick up the slack right away or will productivity slow down? Just like that, those little involuntary steps become incredibly important because they symbolize continuity and productivity. Rea’s retirement plan services team recently learned just how important processes are to their team and to the firm – and to our clients. In fact, they took a lot of time going through their processes and, for their efforts, the team earned certification by the Center for Fiduciary Excellence as adhering to The American Society of Pension Professionals & Actuaries Standard of Practice for Retirement Plan Service Providers. It’s a mouthful, but it’s kind of a big deal. In fact, there are only 48 CEFEX-certified firms in the country and only 2 in the entire state of Ohio! Brigette Lafferty, a manager on Rea’s retirement plan services team, was central to her team’s recent process documentation efforts. On this episode of unsuitable, she shares how process documentation can drive value across all businesses and what you can do to start your own process documentation plan. Why should business owners care about process documentation? Process documentation provides a detailed description of how to complete any given business process. It is used as a guide to help employees at all levels, including decision makers and stakeholders, quickly understand company processes. It may not seem important when everything is running smoothly, or a process may seem too simple to bother, but when someone doesn’t know how to perform a task because the documentation doesn’t exist and productivity starts to go down, it may already be too late to address the problem – and on the flip side, improving efficiency leads to greater profitability, an increase in company value, and higher employee retention. If you don’t have your processes documented, you will be interested in these other topics discussed in this episode: What are the business benefits of process documentation? What tasks should organizations document and how does one document them? How to start your own process documentation strategy. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
What would you do if you had $80 million? Maybe you’d buy a few houses, a big boat, go on some trips… you know, splurge on some luxuries and experiences you can enjoy right now. After that, you will probably start thinking about its long-term value and the impact you can have after you’ve passed away – but if you don’t leave it in writing, you could be leaving a mess for the people you leave behind. Well, after the Queen of Soul Aretha Franklin died in August 2018, it was revealed that she left behind an $80 million estate and no will or trust. As a result, a lot of discussions about estate planning are being had right now. So we could think of nobody better to join us for this conversation than Rea’s very own renowned estate planning legend, Dave McCarthy. Estate Planning 101 Putting together a will or trust isn’t just about money – it’s more about making sure there’s an orderly plan and that your assets go to the people or organizations you want them to go to. The first thing you need to do is draw up a will, and we highly recommend having an attorney write it so that it is definitely valid. You always want to establish a durable power of attorney, so that there is someone in place who can make decisions should you become incapacitated. The third document you should have is the health care power of attorney, which does not necessarily have to be the same person who you declare to be your durable power of attorney (although it can be). If you aren’t going to live forever, you should probably pay attention to these other topics discussed in this episode: How often you should be updating your estate plan What happens when you fail to put together a will or trust What you should know about tax reform and tax planning in the estate planning process If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
In an effort to adopt new methods of automation, most manufacturers have embraced robotics as a more cost-effective and efficient solution, and the results have been great. But just as it takes some time to get used to the new technology on the line or in your warehouses, it’s going to take some time to make the necessary adjustments in your accounting department as well. Tom Scharf, a principal in Rea’s Cleveland office, has worked with a lot of manufacturing companies over the years and, in this episode of unsuitable on Rea Radio, he’s going to talk about the impact these technological advancements have made, or rather should make, to your method of cost accounting. Why does accurate cost accounting matter? Even if your business has made the same product for the past 50 years, the way you make your product has almost certainly changed. New technologies and methodologies have reduced the number of direct labor hours that go into producing just about anything. So if your accounting practices haven’t changed just as much as your manufacturing process, you’re probably not accurately calculating the cost of a given product. And the impacts of this go much farther than a spreadsheet – when you calculate cost incorrectly, you will just end up giving the decision-makers in your business bad data, likely resulting in bad decision making. If you are a business owner who creates any kind of product, you will be interested in these other topics discussed in this episode: How new tax laws and regulations will affect manufacturing businesses over the next few years. What’s right for your business: standard job costing or specific job costing? The difference between fixed and variable overhead and how it’s allocated. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Back in 2016, more than $1 billion was extorted from individuals and organizations by cybercriminals. When you factor in costs associated with cybercrime, including remediation, lost productivity, consulting, legal, etc., the cost balloons to an estimated $50 billion! While we may not have the numbers for 2018, we can tell that online criminal activity is still going strong. After all, with cybercrime being the leading generator of revenue for criminals – so we don’t see them hanging up their hats any time soon. For this reason, the topic of cybersecurity has become an essential business conversation. So we’re relieved to have Mike Moran, co-founder and president of the IT implementation and professional services firm Affiliated, back on unsuitable on Rea Radio to tell us where the “smart guys” are investing their IT security dollars and how small- to mid-sized business owners can follow their lead. Cyber Attacks Happen to Everyone Don’t make the mistake of thinking that you’re safe from cyber crime just because you’re a small business or an individual – cyber attacks can and do happen to everyone. Mike shares the story of a how one criminal stole over $1.4 million running a real estate scam via email, using software that’s readily accessible to anyone with the know-how to find and use it. If you own any kind of modern technology, or use technology to help you run your business, you are potentially at risk and will be interested in these other topics discussed in this episode: Smart Guys are investing in Assessments and Network Reviews to identify their exposures and develop plans to address them Smart IT Teams are investing in detection tools to detect possible malfeasance and take steps to respond faster, or even prevent issues from affecting the environment Smart Organizations are also upgrading their infrastructure to take advantage of better tools, capabilities, and productivity offered in the newest versions of the devices needed to operate their systems If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
In this line of work, the term “trusted advisor” is thrown around a lot... but what does it actually mean? Furthermore, what should business owners look for to determine the overall quality and effectiveness of their existing advisory relationships? We’re going to get a little introspective on today’s show but, fortunately, we have some great guests to guide us on our journey. Marc Rosen and Judy Bodenhamer are the founders of the Client Experience Institute, a Cleveland-based firm that helps professionals think differently about their relationships, and they’re here to talk about the advisors of the future and how business owners can better leverage their existing network of advisors to move their advisory relationships “beyond success to significance.” Welcome to the Advisory of the Future. No one is saying that accounting and finance professionals aren’t great at their jobs right now; they’re exceptional technicians and technical resources. However, the world is changing and we need to change with it. If you are a business owner looking for advice or a professional yourself, you will be interested in these other topics discussed in this episode: The competencies that create a distinction for the advisors of the future (and what you should be looking for as a business owner). How to better leverage your existing network of advisors to gain greater insight into your business. What relationship capital is and why it is increasingly important. If you want to learn more about the Advisor of the Future and the concept of relationship capital, watch Marc’s TEDx Talk: “Relationship Capital - The True Currency of Abundance | Marc Rosen | TEDxAkron” If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Businesses need to be extra vigilant these days. From fraud and sexual harassment issues to compliance and safety concerns, there are so many reasons for a business owner to lay awake at night. Today’s guest is Ray Dunkle, president of Red Flag Reporting, a hotline provider based out of the Akron/Canton area. Hotlines are reportedly the most effective way to deter fraud and other types of unethical behavior in the workplace. And with the #MeToo movement continuing to bring awareness to a widespread and under-addressed issue, something like this can be a really great way to take a proactive stance. What are the benefits of a hotline? There are three primary benefits to having a hotline or whistleblower mechanism. The first is the one that most people think of: detection. There’s an issue taking place and, for whatever reason, an employee doesn’t feel comfortable bringing it to someone directly. Note that having an open-door policy doesn’t necessarily mean your employees will be comfortable coming in the door. However, there are two other big benefits: deterrence and affirmative defense. By setting a strong tone at the top, you’re more likely to deter potential problems. You can spend a lot of time and money working towards that, but a hotline service is only going to enhance your efforts. And in the worst case scenario, if something actually does go wrong, having a hotline in place will help you demonstrate that you have done all the right things and it wasn’t an organizational issue – it was an individual issue. If you are a leader in any kind of organization, you will want to take note of these other topics discussed in this episode: What types of issues are uncovered by a hotline & how do they even work? Can hotlines be abused? How does one implement a hotline in their organization? If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
By 2025, the millennial generation will make up about 75 percent of the workforce. And, if you haven’t noticed, this segment of the population does things a little differently than their predecessors. https://www.adammccampbell.com/ (Adam McCampbell) is a millennial leadership consultant who has worked with companies nationwide to help identify and develop top talent. He is passionate about creating organizations where everyone can thrive and, in this episode, he shares what every organization needs to know about today’s changing workforce. As the Workforce Changes, Leadership Needs to Change As the workforce balance shifts and millennials replace baby boomers, leadership styles need to change too (at least if your organization wants to remain effective or even thrive through this transition). Adam helps organizations moves towards a servant leadership style, or a people-first leadership style, that doesn't just focus on themselves, the consumer, the bottom line, or the shareholder – instead, leadership has to start considering all the stakeholders: employees, customers, vendors, and the community. If you want to create an organization where everyone can thrive, you will be interested in these other topics discussed in this episode: A servant leadership curriculum based around CARE: Connect, Align, Release, and Encourage The different values and expectations that the younger generation has The line between personal and professional is blurring If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
We all know how important it is to save for retirement. (And if you don’t already know that, please go back and listen to some of our past episodes!) But when you do finally make it to your Golden Years, how do you know if you actually saved enough money? Without actually knowing when you are going to die, financial planning and budgeting in retirement can get pretty tricky. Good thing Doug Feller, a principal and financial advisor with Investment Partners, is here to help us understand where the money for your retirement is going to come from, how you should approach the withdrawal process, and how external factors might impact your financial wellness in retirement. Where is your retirement money going to come from? For those approaching retirement today, things are quite a bit different than they were just 15 to 20 years ago. Most importantly, the responsibility for saving for retirement has shifted away from companies and towards individuals. So retirement money today is generally coming from one of three places: Social Security, private savings, and part-time work. Whether you’re looking to retire this year or 40 years from now, you will be interested in these other topics discussed in this episode: It’s a complex world and no two individuals or families are the same – so what does that mean when it comes to financial planning? What you need to understand about Social Security withdrawal rates. Why everyone should consider talking to a certified financial planner. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Opioid use has drastically increased in recent years and its impact is felt on families, in communities, and on the economy. While it may be easy to stereotype what an opioid addict looks like, the truth is, if you really want to know what an opioid addict looks like, all you have to do is look around you. Opioids don’t discriminate. On this episode, Renee West, Rea’s HR manager, joins us to talk about Ohio’s opioid epidemic and what employers can do to help combat this growing problem in our workforce. This isn’t an easy conversation – but it is important. What exactly is an opioid and how bad is this epidemic? There are two groups of opioids being abused today: prescription drugs like methadone, oxycodone, and hydrocodone and non-prescription drugs like fentanyl and heroin. The CDC reports that more than 350,000 people died from an overdose involving any opioid between 1999 and 2016, including prescription and illicit opioids. But in 2016, the number of deaths involving opioids was 5x higher than in 1999 – and on average, about 46 people die of an overdose every day. It’s a colossal issue and it affects everyone, whether they know it or not. If you want to see your local and business community improved, you will be interested in these other topics discussed in this episode: How the opioid epidemic affects employers. What resources are available for employers? A bill that passed in the House (H.R. 6) shifts opioid costs to employer plans. Preventative measures within Ohio. Want to learn more about what your organization can do to fight back against the opioid crisis? Read “Workforce In Crisis: The Opioid Epidemic And Its Impact On The American Workforce.” If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Last time we talked about State and Local Taxes, Joe Popp and Scott Zielaskiewicz were our guests and we were waiting for the Supreme Court to rule on the monumental South Dakota v. Wayfair case. Well, in case you haven’t heard, the decision has been made and South Dakota came up victorious. Joe Popp, Rea’s SALTiest Tax Ninja, is back with host, Dave Cain to talk about what this means for your business and what you need to do today to prepare for the massive changes that are about to take place as a result of this outcome. What does Wayfair Mean? As we wrote in our blog post, New Nexus Rules To Result From Monumental South Dakota vs Wayfair Case, the Wayfair case has a relatively simple message: “if you really make use of the marketplace in a state, you should comply with their sales tax laws.” This replaces the basic message of the case it overturned, Quill, which was “if you don’t have physical presence in a state, then you shouldn’t have to comply with that state’s sales tax laws.” Basically, a business’ physical presence isn’t required for a state to tax them – participation in the marketplace may be enough. If your business sells anything in multiple states, online or otherwise, you will be interested in these other topics discussed in this episode: What does South Dakota v. Wayfair mean for business owners today (and what it may mean in the near future)? What do business owners need to do now that the Supreme Court has ruled on the South Dakota v. Wayfair case? How Wayfair may affect selling a business. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
In the last episode, we talked about innovative leadership and why it’s absolutely necessary to become an innovative leader at the risk of becoming obsolete. We’re thrilled to have Maureen Metcalf, CEO of Metcalf & Associates, back with Dave Cain on this episode of unsuitable on Rea Radio to tell us how we can actually become an innovative leader – despite being pulled in a million other different directions. Get Started Today If you want to assess your own leadership capabilities and kickstart innovation in your organization, the best place to start is Metcalf & Associates’ Innovative Leadership Assessment. When you’re done, make sure you’re up-to-date on The Leadership 2050 Competency Model. That’ll give you a good idea of where you are now and what you need to focus on to start truly innovating. If you want to be a better leader or inspire better leadership within your organization, you will be interested in these other topics discussed in this episode: How leaders can inspire their people (and why this is so important). Why leaders should prioritize becoming an innovative leader, despite having so many other things to invest in. Why bad leadership is a lagging indicator. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Right now, the American workforce is undergoing a pretty massive change. Those who have been at the helms of our companies for so long are finally on their way out and a vastly different generation is moving in to take their places – and the customers these businesses are serving are changing too. Maureen Metcalf, CEO of http://www.metcalf-associates.com/ (Metcalf & Associates), joins Dave Cain on unsuitable on Rea Radio again to talk about the importance of innovation and what that looks like in terms of leadership. Given this shifting economic climate, what does a company have to do to stay on top? Can your business afford to completely revamp itself to meet the demands of your changing workforce? Or, more importantly, can you afford not to? Why does leadership need to innovate? Leaders have to continually change how they lead because who they’re leading and what they’re doing as leaders have changed – and changes continue to happen quite rapidly. It’s pretty much impossible nowadays to become an expert on a topic and then remain an expert on that topic because new information and ideas are constantly being put out there. So today, leaders have to acknowledge that they don’t know everything, admit that to the people they lead, and learn from the people around them. If you are a leader in your organization, you will be interested in these other topics discussed in this episode: How small business owners can be innovative leaders The seven competencies of The Leadership 2050 Competency Model Examples that show the positive outcomes of innovative leadership If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
It’s the first week of July, and that means we’re celebrating America’s Independence Day. This year’s Fourth of July celebration is particularly special for today’s guest, as this will be her very first Independence Day as an American citizen. Nouiy Kline, a staff accountant at Rea, came to the U.S. from Thailand in 2008 as a live-in nanny. It wasn’t long before she set out to see what else America had to offer, and on Valentine’s Day this year, Nouiy became a United States citizen. We’re going to talk about the process of becoming a citizen, why Nouiy chose to take that leap, what employers can do to help foreign-born employees seek out citizenship, and how a diverse workplace can benefit a business. A Diverse Workplace Is A Better Workplace A diverse workforce creates a better work environment because we all see things from a different perspective, and having a variety of perspectives helps us understand each other (and our clients) better. Then, if we understand each other better, we will work better together. If you are interested in immigration policy, you will be interested to hear Nouiy's take on these following issues: The reasons someone might want to become a U.S. citizen. Why an employer might want to hire someone from outside of the country. How your human resources department can help guide an employee through the citizenship process, or as a permanent resident. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
In the last episode, we were joined by Dr. Anonymous, a cryptocurrency miner who explained what cryptocurrency is, how it’s mined, and how it’s valued. In this episode, we’re going to talk about another important aspect of cryptocurrency: how the IRS is looking at it and how it’s taxed. Because, as you know, if there is money to be made, there are taxes to be paid. Melane Howell and Tim Dimitroff, accountants here at Rea, have invested some serious time and energy into researching cryptocurrency and the tax implications associated with this intangible asset. They will be talking about the guidance that currently exists, how it’s actually viewed by the IRS, and what other reporting requirements are out there for cryptocurrency miners like our friend Dr. Anonymous. The IRS Doesn’t Consider Cryptocurrency to be Currency For all intents and purposes, cryptocurrency is used and treated like money and it’s used for things like purchasing goods and compensating employees. However, the IRS actually considers cryptocurrency to be intangible property – and any way you slice it, the IRS considers transfers of cryptocurrency to be a taxable event. If you are invested in or interested in cryptocurrency, you will want to know about these other topics discussed in this episode: IRS guidance was originally issued in 2014, which means currently there are quite a few areas that require additional clarification by the IRS. What you do and don’t have to report to the IRS about your cryptocurrency holdings and trades. If you have invested in cryptocurrency, you could be looking at foreign reporting requirements. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Everything’s digital these days and even if it’s not digital, there are digital measures in place to protect our tangible assets. Additionally, it seems like every day there is something new to learn and new terms being coined, which brings us to today’s topic – Cryptocurrency. Professional crypto miner, Dr. Anonymous, joins unsuitable to shine some light on the subject. We will talk about how mining is actually done, what security measures should be in place to protect your cryptocurrency, and how to keep track of your investment. Cryptocurrency isn’t Nefarious Many people associate cryptocurrency with the “dark web” or illegal activity, probably because early cryptocurrencies were used on websites where you could purchase illicit things. However, nowadays, cryptocurrencies are used for everything from investment to purchasing to compensating employees. If you want to learn more about cryptocurrency, you will be interested in these other topics discussed in this episode: The many, many, many different types of cryptocurrency that have been created since Bitcoin came onto the scene. The setup, operational considerations, profitability, hardware selection, shipping, and timeline involved in mining cryptocurrency The importance of keeping crypto off the exchanges and in offline wallets, and how to keep track of your crypto using various apps like Coincap If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter. We’ve also included access to additional resources on our website at www.reacpa.com.
Remember when Schoolhouse Rock! taught us how a bill becomes law? They did it in such a fun and whimsical way, but – let’s face it – there’s really nothing whimsical about some of the legislation being discussed on Capitol Hill these days. Take, for example, the Wayfair v. South Dakota case. It’s all about sales taxes and nexus and… well it seems a little boring in comparison. That is, until you really get into the details of the case and what the implications are for businesses nationwide. Rea’s State and Local Tax services team visited Washington, D.C., in April to hear opening arguments on this particular case. On this episode of unsuitable, we’re glad to have Joe Popp and Scott Zielaskiewicz, state and local tax ninjas, back on to talk about their experience and to explain why this case matters to businesses everywhere. What is Wayfair v. South Dakota all about? The outcome of this case will determine how states treat out-of-state sellers that have no physical presence in that state, and it will likely affect every single one of Rea’s clients. If upheld, the U.S. Supreme Court will rule that a business must have a “physical presence” in the taxing state in order for that state to require the business to register for sales and use taxes. If overturned, the U.S. Supreme Court will rule that “physical presence” is not necessary for a state to require a business to register and file for sales and use taxes. If your business operates in multiple states or you like to purchase things online, you will be interested in these other topics discussed in this episode: What is actually likely to happen if South Dakota wins? Or if Wayfair Wins? What do “cookies” have to do with all of this? How will this case impact you, as a local business in Ohio, an online seller on Etsy, a manufacturer who sells big machines and parts, or an individual who purchase things online? If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
We hear a lot of talk about the different generations of people today, but one thing is certain – each generation is unique, and their financial and tax goals are as well. Cindy Kula, tax planning virtuoso in Rea’s Cleveland office, joins unsuitable again to talk about tax planning strategies for different generations and why financial and tax planning strategies are essential, particularly among the younger generations. Children Learn What They Live In every aspect of life, children learn what they live and see – and that’s especially true for financial habits. If parents save and accumulate wealth, or practice smart spending strategies, children learn that, consciously or unconsciously. So demonstrating good tax planning and spending strategies is one of the best things you can do to set your children up for financial success in the future. If you are in a multi-generational household, you will be interested in these other topics discussed in this episode: Why we need to understand the uniqueness of each generation. How our different financial stages of life accompany different life events, creating financial events. How to integrate financial and tax planning in a multi-generation setting. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Ever since the Tax Cuts and Jobs Act became the law of the land, it seems to be all anybody can talk about. That being said, we would be amiss not to touch on the importance of municipal taxes. After all, they can be just as complex as their federal counterparts. Dan Bialek, a municipal tax ninja in our Northeast Ohio Region, joins unsuitable to talk about the Ohio Business Gateway (OBG), the elimination of the throwback rule, the 20-day rule, and more. What is Ohio Business Gateway? The theme of the OBG is centralized collections; the complexity of multiple filing has been burdensome for taxpayers operating in multiple municipalities, and the goal is to allow taxpayers to file one return instead of many. That sounds great on the surface, but it’s causing a lot of controversies. On one hand, municipalities are concerned about how states are going to handle funds. And while this does reduce the number of filing, it does not necessarily reduce the complexity of navigating multiple municipalities. If you are a taxpayer in Ohio, you will be interested in these other topics discussed in this episode: What the elimination of the Throwback Rule means for business owners (and how you might be able to save some money). How the 20-day rule affects employees working in multiple municipalities. One thing Ohio employees can do right now that might reduce their tax burden. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
The weather is getting nicer, which means more people are headed outside before work, after work, and over their lunch breaks – but it may not be a coincidence that we are seeing more of our co-workers outdoors. Over the last decade or so, many businesses have begun embracing a range or workforce development initiatives, including corporate wellness. Our guest has a lot to say on the topic of workforce development, and the role corporate wellness plays into the larger picture. Jeremiah Gracia is an economic development administrator with the City of Dublin and the winner of a 40 Under 40 Award in Economic Development. In an effort to promote continued economic stability and growth within Dublin, Jeremiah has taken an interest in the importance of workforce development and its impact on the business and community. Develop the Workforce, Develop the Economy Historically, economic development was about assets – like where a company can house its business and people – but that has changed dramatically over the past few years. Today, the #1 thing that companies ask Jeremiah about is how they can reduce their risk of finding quality workers. That’s why Jeremiah’s focus has shifted from companies to individual workers. Because if there is no workforce (or no healthy workforce), then companies will struggle and the community will suffer. If you have employees or are an employee, you will be interested in these other topics discussed in this episode: How workforce development directly impacts your company’s bottom line. The important role of corporate wellness in a workforce development strategy. What you can do today to start developing your workforce. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
As a business owner, how many hats do you wear on a daily basis? You have HR considerations to tend to, marketing initiatives to deploy, accounts payable to manage… and that’s not even taking into consideration why you got into business in the first place. Our guest Amy Smith, a small business owner herself, knows all about the struggle. Amy is also a QuickBooks ProAdvisor here at Rea (just another hat she manages to balance), and on this episode of unsuitable, she shares some of the common pitfalls business owners have to grapple with and why the secret to rising above many of these challenges may just lie in good bookkeeping practices. Why are good books so important? If you are a construction company and you need new equipment in an emergency, the bank won’t help you when your books are a mess. And if you don’t have good books when you do your tax planning, you may end up with a bill in April that you are not prepared for. But if your books are always up-to-date, it’s like owning a map of where your business is going; you can be proactive, instead of being forced to react when you take a wrong turn. If you are a business owner, you will be interested in these other topics discussed in this episode: Why keeping good books is all about good bookkeeping habits, not the software you use, and what the best habits are. What a balance sheet is (and the value of a strong balance sheet). When you may want to call a professional bookkeeper (even if it’s just for a quick check up). Want to learn more? Amy is running a series of QuickBooks® For Business Success seminars in Zanesville and Marietta. You can learn more about these events and RSVP on Rea’s Facebook page: https://www.facebook.com/pg/reacpa/events/. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Most of us approach every task with the intention of giving it our best ... But what happens when our best isn’t good enough? Jeff Semple, president of the Canton and Mid-Ohio region of FocusCFO, joins us on this episode of unsuitable to weigh in on why, in today’s market, good just isn’t good enough anymore – and what business owners can do to get out of the weeds and back on the track towards greatness. Information is King Financial information is important, but it’s not enough. You need to be able to tie the operations of your business to the financials to get real-time, forward-looking data – that is the information that will help you make better decisions. The financial statements, then, become a reinforcement of what you already know. If you are struggling to keep up with the market, or you just find yourself stuck working on the day-to-day aspects of running your business, you will be interested in these other topics discussed in this episode: Why being in the weeds of your company and running as fast as you can, every day, WILL cause you to run into something you just won’t see coming. Healthy vs unhealthy revenue (and what you should be focusing on when it comes to your revenue). Nobody climbs Everest on their own – you need a Sherpa. Check out FocusCFO.com to see how they can help guide you. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
It doesn’t matter if your company’s purpose is to serve individuals or other businesses – really, it doesn’t even matter if you’re in the business of producing goods rather than services – to truly enhance your company’s bottom line, you have to start paying attention to the customer experience. Nick Glimsdahl, client enablement director at VDS, is here to tell us more about what “customer experience” is, why it matters, and what we can do to improve the customer experience in our own businesses. What is Customer Experience? Customer experience is all about the customer’s perception of a brand – It really doesn’t matter what company leaders or employees think of their respected brand or experience if it conflicts with what the customer has to say. In practice, you can think of the customer experience as “a battlefield for customer loyalty.” Nick chose this analogy because the constant change in technology has transformed the competitive landscape and redefined customer expectations. Companies have to work hard and smart to win over the consumer (not to mention attracting and retaining customers among the competition). The customer experience should be effortless. If you are work in a business (really, any business), you will be interested in these other topics discussed in this episode: The 3 things that business owners and employees can focus on to improve the customer experience. What it means to “keep the customers first,” in practice. Technology’s role in facilitating an effortless customer experience (and sharing negative experiences). If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
In the previous episode, Dave Phillips joined us to share his recent Employee Stock Ownership Plan (ESOP) experience. In today’s episode, we look at the technical side of the process – without getting too far into the weeds. Joining us again on unsuitable is Tim McDaniel, a principal and director of valuation services here at Rea, who explains why ESOPs are growing in popularity, how they compare with other succession plan options, and what goes into implementation. Succession Planning: Die at Your Desk, Or… A popular succession plan (or lack thereof) for a surprising number of business owners is to simply die at their desk and let everybody else clean it up. It’s not the plan we would recommend or the best way to capitalize on your greatest asset… but it is an option. However, you also have other, better options! You can sell it to an outside party, which maximizes your payout, but the downside is that your business loses its identity (and your employees can lose their jobs). While ESOPs may not have as large of a payout, it gives business owners the opportunity to preserve their legacy, and there are tax benefits to choosing a stock transaction over an assets transaction. It all comes down to what is more important to you: money or legacy? If you are a business owner, you will be interested in these other topics discussed in this episode: Whether you should consider an ESOP for your business The fiscal & emotional considerations of a succession plan How to successfully implement an ESOP If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
With a variety of benefits for business owners and their employees alike, it’s really no wonder why Employee Stock Ownership Plans (or ESOPs) continue to grow in popularity. However, it’s one thing to read about the pros and cons of this type of succession plan in the latest business journal and another thing entirely to embark on your own ESOP journey. That’s why Dave Phillips, President and CEO of Architectural Systems Incorporated, joins this episode of unsuitable to share his first-hand experience implementing an ESOP. We learn why he opted to put an ESOP into play, what the implementation process is like, and what goals they hope the ESOP will help them accomplish. When should a business owner start thinking about their succession plan? Many years before you want to retire! It takes a lot of time to create and implement a succession plan, so it’s really never too early to start putting one in place – but it’s very easy to discover you’re making the decision too late. Dave has given himself five to seven years to build a capable management team and turn operations over to them. If you are a business owner, you will be interested in these topics discussed in this episode: The benefits of an ESOP for both the business owner and their employees. Why implementing an ESOP gives employees more ownership over their day-to-day work and control over their future. How you can finance an ESOP. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
As a leader in your organization, community, and industry, developing meaningful relationships with others in your circle – and beyond – is critical. But networking and developing these types of relationships doesn’t come easy, for many of us. Natalie Siston, Founder of https://smalltownleadership.com/ (Small Town Leadership), is a networking, relationship-building, and professional development coach. She joins this episode of unsuitable to talk about what makes her networking approach different and how, with the right tools and motivation, anybody can find networking success. Take the “Hey, Friend” Challenge We are surrounded by neighbors, work colleagues, daycare parents, classmates, and Facebook friends that we THINK we know… but how well do we really know them? Natalie calls these our “hey friends,” and she thinks forming relationships with them is a great way to start improving our networking skills. Here’s how you do it: identify one “hey friend” in your life, introduce yourself to them, tell them about this challenge, and make an honest attempt at connecting with them. If you struggle to develop meaningful relationships, you will be interested in these other topics discussed in this episode: Natalie’s secret sauce to make networking less daunting. Why it’s important to make meaningful connections – emphasis on “meaningful.” How you can start networking (even if the thought of networking is overwhelming to you). If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
After weeks (or even months) of looking for the right candidate, you finally identified “The One.” But, several weeks of onboarding later, it’s clear that you were mistaken. You could always fire them, but that brings up a litany of other concerns. You could try working with them again, but that may put an unnecessary strain on your company’s valuable resources, with no guarantee that it’s going to make any difference... So, what’s the ideal solution? Derek Conrad, a senior manager on Rea’s government team, joins unsuitable to discuss what you can do in this scenario, even if it seems like a lose/lose. We dive into the topic of “necessary endings,” and why you sometimes have to prune in one area to help other areas flourish. When is it time to move on? Derek believe that you need to set expectations with your employees early on; they need to understand their role, their responsibilities, and what they’re trying to accomplish. This will make the whole process much smoother. Derek also suggests giving your employees at least six months to learn and get used to their new job. If, during that time, you identify an issue, try solving it through coaching, first. If your coaching efforts are ineffective and the employee is still draining time or resources after six or more months, it may be time to move on. If you have employees, you will be interested in these other topics discussed in this episode: Your options after you decide it’s time to move on. Why it’s important, for both the company and the employee, to act swiftly, rather than continuing to allow a bad situation to drag on. What will hold you back when you are making these crucial decisions. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
It’s 2018, and anybody who’s anybody has a website. It’s no longer something that’s just nice to have – it’s a marketing necessity. Your website is a place to tell your story, outline your products or services, highlight your brand, and – ultimately – secure sales. But it’s not enough to build a nice piece of virtual real estate, set it, and forget it. You have to do more if you want a return on your investment. Brad Circone, President and Chief Brand Officer at Circone + Associates, joins unsuitable to talk about the work that goes into building a top-notch website, and how business owners can outshine their competition by simply paying closer attention to a few key elements. What makes a great website? The best modern websites embrace minimalism, in both design and copy. By keeping the website’s copy and user interface simple, you can highlight your story and the content you want users to find. An essential part of that is responsive design, ensuring your site can be used on mobile phones, tablets, and desktop computers. You want the content on your website to engage, inform, educate, or delight your audience – and then re-engage them through a combination of visual and digital storytelling. You can learn more about creating engaging websites in Nir Eyal’s Hooked: How to Build Habit-Forming Products. If you are responsible for any kind of business or brand, you will be interested in these other topics discussed in this episode: How to create content that energizes, creates habit-forming experiences, or fulfills joy. Why your website and brand story should be more about your audience than your business. The 3 P’s of web perfection: Platform, Personified Brand, and Proposing the Purpose of why. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Here at Rea, we believe it’s our responsibility to advocate for our state’s small- to mid-sized businesses. To that end, one of the most important relationships our team members have invested in is with the Ohio Society of CPAs. Working with this spectacular organization not only gives us access to a litany of valuable resources, which helps our team stay at the top of their game, we are given the chance to advocate in favor of our clients with regard to current and future legislation. On this episode of unsuitable, we are fortunate enough to be joined again by Scott Wiley, President and CEO of the Ohio Society, to discuss the current legislative and regulatory agenda, while gaining insight into some upcoming efforts. It’s a Hot Market for CPAs (and a Good Time to Join the Ohio Society) Here in Ohio, the CPA credential is in high demand, and it is the eight highest in demand program nationally. CPA firms and corporate offices, in a variety of industries, say they can’t find enough great talent fast enough. That means that there’s never been a better time to consider becoming an accountant, and the Ohio Society can be a valuable resource for high school or college students who want assistance with capitalizing on those opportunities (and the businesses that wish to hire them). If you work in or operate an Ohio business, you will be interested in these topics discussed in this episode: How the OSCPA’s legislative and regulatory agenda helps Ohio businesses. What’s going on with the municipal income tax lawsuit. An update on pipeline efforts. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Cybercrime isn’t just an “IT” issue; it’s a business issue – one with the potential to hurt even the largest businesses and organizations. Mike Moran, president of http://aresgrp.com/ (Affiliated Resource Group), joins this episode of unsuitable to provide a comprehensive overview of the security risks we are facing today. From basic hacks and data breaches to phishing and ransomware, you’ll learn what you need to do to protect your companies, your clients, and your people. Cybercrime is a business issue. Understanding technology’s value in today’s risk-filled environment is a big focus of many organizations. As a business leader, the more you know, the better you can prepare to assess your risks and opportunities, build a plan to deal them appropriately, and ultimately, align your IT with your business goals. If you are a business owner, or your job involves using any modern technology, you will want to know about these other topics discussed in this episode: What hacks, security breaches, ransomware, and phishing scams are prevalent right now. The different types of fake emails that are used today, how they are used, and why they matter. How prevention tools, detection methods, responses processes, and your people can be used to address cybercrime. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Is your company at risk… and would you know if it was? If an issue did arise, would the procedures you have in place be enough to identify and fix the issue, or would you be left scratching your head, unsure of how to proceed? Have no fear, Zac Morris, a principal and head of Rea’s government team, is here! In this episode of unsuitable, Zac shares why something as simple as implementing internal controls can save business owners a lot of sleepless nights – and maybe even the business itself. Do you know the story of Rita Crundwell? Rita Crundwell was the the appointed comptroller and treasurer of Dixon, Illinois, from 1983 to 2012. Although Dixon only has an annual budget of about $10 million, Rita managed to embezzle over $53 million dollars over the course of 22 years – and, unfortunately, implementing internal controls could have stopped this scheme before it grew to the largest (known) municipal fraud in U.S. history. If you want to be proactive in identifying and avoiding risk, regardless of the size of your organization, you will be interested in these other topics discussed in this episode: How to create the appropriate environment of internal controls. What you can do to assess and minimize risks. Why you should train your staff and re-evaluate your monitoring process on an ongoing basis. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Ohio is home to two of the top four largest settlements of Plain communities, the Amish and Mennonite populations. There’s a sense of calm and peace in these rolling hills – and a work ethic and craftsmanship that’s second-to-none. Visitors from all over come to visit these communities every year in search of high-quality products, and make no mistake: these business owners know what they’re doing, they do it well, and in many cases, they’ve been honing their crafts for generations. On this episode of unsuitable, we will be talking to Kyle Stemple, president of Rea’s East Central Ohio Region, to discuss how many businesses in the Plain community operate and the reasons they continue to be so successful. Doing More With Less As a business owner, you always have two choices: you can do something yourself or hire someone else to do it. In today’s digital age, and with ample access to Google, we often think that we can figure everything out – but not everything you read on the internet is true, and trying to do everything yourself can result in being unfocused. In the Plain communities, they aren’t distracted by the seduction of modern technology, and they have priorities in their businesses. They put a focus on work ethic and craftsmanship, and then hire the difference. This makes their businesses both unique and efficient, and it’s a lesson every business owner can learn from. If you run a business, create artisan goods, or just like to go shopping in East Central Ohio, you will be interested in these other topics discussed in this episode: How the Plains communities approach education. Why trusted advisors are highly valued by business owners in the Plains communities. How the traditions of the Plains communities set them up for success in business. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
While it may feel like we’ve covered all angles of tax reform in the last few episode of unsuitable, we’re not done yet! Sure, we’ve hit the Tax Cuts and Jobs Act from a federal perspective – but what happens when we look at the implications of the legislation at the state level? Joe Popp, director of Rea’s SALT team and a frequent flyer on the podcast, joins us to discuss the various considerations states are grappling with as a result of tax reform. And, while we’re on the topic of state and local taxes, Joe is going to talk about a few other nexus concerns business owners will be left to contend with as the year continues to unfold. 2018 is the Year of SALT SALT, if you’re not aware, stands for State and Local Tax. It’s a broad field, but it’s going to be significant this year as states shift their policies in response to federal tax reform. There will be some fun changes for businesses (like the New York or California response to itemized deduction limitations) – but, mostly, it’s going to be complicated (or, if you’re a SALT specialist, a lot of fun). If you are a business owner who operates in the United States, you will be interested in these other topics discussed in this episode: New rules will look at client sales by state, changing the way clients approach state taxation. What the proposed “Amazon Laws” in many states are, and how they will affect businesses using the Fulfillment by Amazon service. How South Dakota v. Wayfair Inc is challenging the court’s “physical presence” nexus rule, and how the decision (due in June) will impact businesses. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Between tax reform, healthcare regulations, and who knows what else, business owners have a lot to focus on right now. So when it comes to keeping tabs on your company’s retirement plan statistics, you might feel like your attention would be better spent elsewhere – but be careful! Before you know it, the number of participants on your company’s retirement plan could cause you to trigger a plan audit, which can have a number of (potentially expensive) ramifications. Joining us on this episode of unsuitable is Kim Veal, a member of Rea’s Retirement Plan audit team, who will teach us how to identify retirement plan participants, what the retirement plan audit “magic number” is, and what to do once you hit that magic number. The Retirement Plan Participants Magic Number If you have over 100 retirement plan participants, your organization will most likely require a plan audit. In the context of retirement plans, “participants” is a very general term. It includes anybody who is eligible for the plan, not just those actively participating. In the future, this rule is likely to change so that it is only those employees who are actively participating, but at the same time more people are likely to start participating if the stock market continues to improve – so you’ll need continue paying attention to this number over the coming months and years. If you have employees, you will be interested in these topics discussed in this episode: Penalties for ERISA compliance violations. What exactly the “magic number” for a retirement plan audit is and what this means to you. How to select the best auditor for the job. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
On the last episode of unsuitable, we learned about some of the general implications business owners are going to face as a result of the Tax Cuts and Jobs Act. In this episode, Chris Axene, Rea principal and tax expert, returns to talk about changes that will affect the owners of C corps and flow-through entities, and whether or not business owners should reconsider their choice of entity. Consult Your Trusted Business Partner Throughout this tax reform mini-series, we’ve shared a lot about the importance of planning and gathering expert advice before making any major decisions, particularly if they have potential financial implications. Obviously, the Tax Cuts and Jobs Act has provided us with a lot of unknowns so, once again, we want to urge every business owner to give their CPA a call to determine their next steps. If you are a business owner, you will be interested in these topics discussed in this other episode: Why you should be cautious about converting to a different choice of entity. Pros & cons of the C Corp tax rate being reduced to 21 percent. How the flow-through business income deduction will affect an individual owner’s tax return. Stay tuned to Rea’s Tax Reform Research Center for more updates on the Tax Cuts and Jobs Act: ReaCPA.com/taxreform. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
This episode is part one of unsuitable’s two-part series on the most significant changes that business owners can expect to see as a result of the recent tax reform legislation. From new corporate tax rates to the bonus depreciation and net operating loss provisions to a variety of changes poised to hit companies that do business overseas (and everything in between), the Tax Cuts and Jobs Act is full of savings opportunities for business owners. In this episode, Rea’s principal and tax guru Chris Axene highlights the domestic and international tax provisions. In the next episode, Chris will return to provide us with a deeper dive into what this tax reform legislation means to your choice of entity. It’s Tax Reform – Not Tax Simplification While the Tax Cuts and Jobs Act does offer a number of potential opportunities for business owners, taking advantage of them will not necessarily be a simple task. Because there are so many pieces included in this tax reform package, the only way business owners can truly determine their best course of action is to sit down and make a plan with a tax-planning expert. If you are a business owner, you will want to be aware of these other topics discussed in this episode: Significant changes to the corporate tax rate, sections 179 and 199 of the tax code, and net operating losses for businesses operating domestically. Why C corporations will probably benefit the most from these changes (although every business is poised to receive some benefit). The next step you should take to plan for these upcoming changes. You can start your planning process in Rea’s Tax Reform Research Center: http://reacpa.com/taxreform. (ReaCPA.com/taxreform). If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
President Donald Trump passed the Tax Cuts and Jobs Act late last year. Since then, many of us in public accounting have been scrambling to learn what many of the specific provisions outlined in the legislation mean for individuals and businesses, alike. Today’s episode is dedicated to the individual provisions of Trump’s tax reform initiative, but we’re not going to stop there – be sure to join us next week and the week after that, when we dive deeper into what this sweeping legislation means to business owners. Cindy Kula, a senior manager and regional tax expert at Rea, joins unsuitable to talk about the many ways tax reform will impact individuals when they go to file their 2018 tax returns: tax brackets, standard deductions, itemized deductions, personal exemptions, the Alternative Minimum tax, and much, much more. The Tax and Jobs Act: An Overview The Tax Cuts and Jobs Act is a reality and the provisions are generally for the 2018 tax year. Most provisions are also temporary, due to expire after Dec. 31, 2025. We can provide you with a solid overview of the legislation and our expectations of implication, but it’s important to note that we are waiting for formal guidance from the IRS on a lot of matters. As a result, many details of the tax reform legislation need additional clarification and will continue to be a work-in-process. If you are an individual who files taxes, you will be interested in learning more about these provisions from the tax form initiative: There are seven tax brackets with lower tax rates. With the standard deduction increasing and major changes to the itemized deductions, many taxpayers may now opt NOT to itemize deductions. Personal exemptions are eliminated. Because of the various changes under the tax reform legislation, there is now reduced exposure to the Alternative Minimum Tax If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
After pouring your blood, sweat, and tears into starting and growing a business, you are now at a point in your career where you can ponder the BIG question: What’s next? Those two little words pack a big punch, and we’re going to explore the implications associated with some of the next steps you might be considering. We are once again joined by business valuation and exit planning guru Tim McDaniel, who will break down two of the primary concerns business owners tend to have several years after establishing their companies: time and exit strategy. Your Biggest Asset For most business owners, the biggest asset in their portfolio is the value of their company – often as much as 60 to 70 percent of their net worth. They spend a lot of time and energy trying to manage their 401k, which might only make up about 10 percent of their net worth, but they have no clue what their business is actually worth. For this reason, it’s vital that every business owner values their business early and often. If you are wondering what’s next, you will be interested in these other topics discussed in this episode: Why valuing your business is a critical step for any business owner. When is the best time to start an exit strategy? What is the best way to exit a business? If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
To run an effective business, you have to be a good steward of your company’s resources. To that end, many companies have embraced the Lean Six Sigma method to improve their efficiency and overall effectiveness – but that doesn’t mean that only large companies with many employees and complex processes can benefit from these teachings. Infusing a few Lean concepts into your daily life and the lives of your employees can be just the shot in the arm you and your business need, so we sit down with Lesley Mast, a principal and current director of tax services here at Rea. As a Lean Six Sigma Green Belt, Lesley has incorporated many key Lean concepts into her daily workload, and she’s going to share a few of her secrets with us. What is Lean Six Sigma? Former guest Kyle Stemple previously wrote about the value of Lean Six Sigma, and he describes it as a continuous improvement methodology and management tool designed to help you increase operational efficiency and capacity, improve processes and quality, and increase profits. Above all, Lean Six Sigma leverages subject matter experts within your business to ensure that the “voice of your customers” is satisfied by the “voice of your processes.” If you want to get more done within your organization, you will want to listen to this episode and learn: Why tracking is so important, and how to make sure the things you are tracking actually get done. How your organization can overcome challenges with software by optimizing training. How you can maintain forward momentum by getting (and keeping) the the right people informed and up-to-date. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
The average American spends 90,000 hours at work over the course of their lifetime. Here at Rea, we think that’s way too many hours to spend doing something you’re not truly passionate about. If you are truly passionate about what you do, then your job becomes something more than a way to make ends meet; It becomes a cause worth promoting and advancing. Each year, Rea & Associates honors an employee for their dedication to the CPA profession – someone who goes above and beyond the call of duty to promote the field and advance the industry. This year’s recipient was Lee Beall, Executive Vice President and past CEO of Rea. Lee joins us to share why he continues to be an outspoken advocate for the CPA profession, why you might consider investing in your own profession, and how you can get started today. The Value of Professional Pride & Community If one is to be part of a profession in which they have pride, they must engage professionally to create a professional sense of community. Unlike a Trade Association that generally represents the best interests of its members, a good Professional Association represents the best interests of the public. If you are looking to invest more into your profession, you will be interested in these other topics discussed in this episode: How investing in your profession will help you grow your business, advance your people, and keep you going (even in your 80,000th hour of working). How to start investing in your profession today. Why the key to being in an independent profession is that we all hold each other to a certain standard – and why, if you slip up, you can’t gain the public’s trust back. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
As we approach the New Year, it’s not uncommon to set a few personal or professional goals. But instead of resolving to lose a few pounds or to become a regular member of that new country club (in the hopes of landing a few leads), our guest has a better, more realistic idea – simply focus on yourself. Maureen Metcalf, CEO of Metcalf & Associates, is a renowned advisor, speaker, coach, and consultant. We talk about the importance of resiliency, and what you can start doing today to become more resilient. Put On Your Own Mask First If you’ve been on a plane, you’ve heard the pre-flight safety speech: "In the event of an emergency, please put on your own oxygen mask first, before trying to help others." When things go wrong, other people look towards leadership (or perceived leaders) for an indication of how they should reaction. As a leader, your actions are contagious, so you have to be prepared. If you are interesting in setting an impactful New Year’s Resolution, you will want to consider the self-care topics discussed in this episode: Take care of your physical well-being (otherwise, you won’t be able to show up at your best, and other people will model that behavior). Be aware of and manage your thinking and emotions – especially negative self-talk. How you react to and frame a situation is one of the only things that you have control over (and, again, it’s contagious). Build a strong support system, at work and at home. You want people you can trust, who will always do what is in your interest and the interest of the organization. How resilient are you? Check out Maureen’s FREE Resilience Assessment to find out: metcalf-associates.com/resilience-assessment-tool If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
In business, the topic of “communication” comes up a lot, especially when we talk about ways to effectively communicate information about products and services to our customers. But what are you doing to communicate better with your employees? And, if you are making internal communications a priority in your business, what are you doing to maximize your efforts? On this episode of unsuitable, we’re talking to Abigail Eisenbrei, an internal communications specialist at Rea. Abby has previous experience implementing communications strategy at the corporate level and, since joining the firm, she has used her expertise to help us with internal communication opportunities. She shares the three primary objectives of internal communications, then offers a few tips to help us implement a solid strategy that will achieve maximum results. Your 3 Primary Communication Objectives Each of the three primary objectives of internal communication – to inform, to educate, and to engage employees – is vital to creating a strategic and impactful communications plan. Informing leads to educating, educating leads to engaging, and engagement leads to growth. Listen to learn more about why you should and how you can implement the three primary objectives of any internal communications strategy: It doesn’t matter if you’re part of a 15-person company or a 1500-person company – all employees want to be informed, feel like part of the business, and leave a footprint. It’s helpful to establish one internal communication source, which distributes every message to everyone in the company. Don’t forget to communicate the fun stuff, too! Celebrating and recognizing fantastic people and initiatives throughout the company and community is a great employee morale booster. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
The year is just about over, which means you’ll soon be reflecting on all the things you managed to accomplished over the last 12 months, or maybe all the things you weren’t able to accomplish… In any case, before you set out to tackle your goals for the year ahead, you’ll want to listen to this episode for some excellent insight that will help you achieve your leadership aspirations in the year ahead. We’re bringing leadership expert, motivator, and natural entertainer Jerry Esselstein back on to tell us just how we can go about setting meaningful leadership goals for the year ahead. Keep Your KSAs in Mind It’s important to be mindful of your KSAs – your Knowledge, Skills, and Abilities – when you approach goal setting. How adaptive are you in complementing your weaknesses, and how skilled are you in taking advantage of your strengths? If you want to improve as a leader, whether or not you’re in a leadership position within your organization, you will be interested in these other topics discussed in this episode: The difference between a leader and a manager. How you can be more aware of your power to influence others, and set and manage expectations for your teams. How to set personal priorities and feedback periods on a time frame, and then commit to them. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Are you afraid of when the big bad auditor comes huffing and puffing at your door? Well, we’ve worked with quite a few auditors here at Rea, and we’re happy to report that (most of them) aren’t nearly as bad as they’re made out to be. Our guest is James Moore, a supervisor on Rea’s audit team here in Dublin, who will treat you to some behind-the-scenes tips that will help make your next audit a little more enjoyable. (And if that doesn’t change your mind about the role of an auditor, he’s gonna attempt to win you over with song.) You’re on the same team. The auditor and the client are united by a common goal – issuance of a report on the client’s financial statements. If you work as a team, you can arrive there in a smooth, efficient, quick (and painless) manner. If you want a painless audit this year, you will want to listen to this episode to learn these simple tips: How to prepare yourself, your team, and your financial statements for an audit. How to set the right expectations (and understand what is expected of you). Why you should hold your auditor accountable by setting reasonable and realistic deadlines (and how to do so). If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
New entrepreneurs are faced with a lot of challenges, and oftentimes they are unequipped to deal with the obstacles that stand in their way. We want you to start your next business venture prepared. On this episode of unsuitable, we are joined by Melane Howell, a senior tax manager in Rea’s Dublin office who has helped more than a few startups get on their feet. We examine the journey of an up-and-coming entrepreneur and uncover some of the hiccups they will encounter. Then we offer some simple – but incredibly important – tips to help you take your business endeavors to the next level. Aspiring entrepreneurs need to do their homework. Most people wouldn’t bring a new child into the world without, first, talking to experienced parents and doing some research – and you should treat starting a new business in the same way. What does your market look like? Who else is in the market, if it exists? What solution is your service offering? Does your idea need to be adjusted? If you are preparing to launch a new business, you will want to listen and learn... How to begin market research. Why seeking expert advisors isn’t just recommended – it’s necessary. How to approach managing your time and balancing your life. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
On November 1, 2017, Rea & Associates and the Walthall CPA Group announced that the two firms have merged – so we’d like to give a warm welcome to the Walthall team, your family, your friends, your advisors, and your clients from all the folks here at unsuitable on Rea Radio. To celebrate our community getting a little bigger, we’re discussing one of the backbones of every community: locally-owned businesses. They drive our economies, support our infrastructure, and promote the entrepreneurial spirit. We are honored to have one of these wonderful small business owners as a guest on this episode, Tom Warne, owner of Donald’s Donuts in Zanesville, Ohio. We discuss the role his business plays in the local community, and why supporting businesses like his is so important. Why buying locally matters, by the numbers: The American Independent Business Alliance reports on the multiplier effect of supporting local businesses, and multiple studies indicate that “independent retailers return more than three times as much money per dollar of sales than chain competitors.” It’s even more dramatic when compared to online retailers, who contribute almost nothing to local economies beyond a single delivery. If you are a business owner, or just live in a community you want to see thrive, you will be interested in these other topics discussed in the show: How shopping locally reinforces the local economy. The hardest business issue faced by local business owners. The biggest challenges on the horizon for local business owners. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Every year, on National Philanthropy Day -- November 15 – people, organizations, and businesses come together to reflect on the great contributions being done to improve our communities. On this episode of unsuitable, we will lend our voices to the chorus. Not only that, but we will be talking to Maribeth Wright, a principal on Rea’s not-for-profit team, about what happens when giving back becomes a focal point of a company’s culture. Employees want to work for businesses that give back! 74 percent of employees consider their jobs to be more fulfilling when they can impact social and environmental issues while at work, and 70 percent of employees say they are more likely to be loyal to an employer that helps them give back and get involved – and that’s just the tip of the iceberg. If you want to create a positive impact and strengthen your business, you will be interested in these other topics discussed in this episode: Supporting local nonprofits (either financially or by encouraging employees to volunteer time) is a great reflection of a company’s brand. How you can encourage giving and make a positive impact on your community, without writing a check. How encouraging employees to get out there and volunteer can result in free marketing and positive public relations. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
There are a lot of social media platforms out there: Facebook, Twitter, LinkedIn, Google+, YouTube, Instagram, Pinterest, and the list seems to get longer every day. People use these platforms to connect with each other and with their favorite brands and businesses, so if your business hasn’t developed a social media strategy, you are missing out – Big time. Rea’s social media expert and Practice Growth Strategist, Rebecca Weiand, joins us to share how you can actually use these platforms as tools to understand your customers better, why an established social media strategy is so vital, and what these strategies might look like. Social MEdia isn’t All About ME Social media is a great way to connect with your customers and your community, and show the human side of your organization. However, your social media channels shouldn’t be all about you. Who you follow and who you share are just as important as what you create. If you are new to social media, or want to get more strategic, you will be interested in these topics discussed in this episode: How to use social media to better understand your customers/clients and potential customers/clients. What metrics you should be focusing on, beyond reach and engagement. Who you should follow. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Your business is growing and that’s a great thing … right? Well, it’s good if you’re prepared to confront things that go bump in the night, but there are many dangers to be wary of when growth guides you into unknown territory – What if you find yourself in the vampiristic company of a hungry state tax auditor with an aversion to garlic? The truth is, there are a lot of unknowns that come along with business growth, which is why it’s so important to have someone on your side who can help you exercise those demons. Joining us for this special Halloween edition of unsuitable is Scott Zielaskiewicz and Joe Popp – expert monster slayers and business growth guides. Mitigating Monstrous Risk We frequently discuss how attorneys can eliminate business risk for themselves and their clients, and few risks are scarier than the state and local tax liabilities that lurk around our businesses. Luckily, Scott and Joe are (self-proclaimed tax nerds) dedicated to helping others navigate this dangerous territory. If your business is venturing into the unknown, you will be want to listen to the conclusion of these scary stories: You’re walking through a new and spooky foreign land (the woods of Michigan, perhaps?) and an unexpected tax sneaks up from behind… Your staff is sitting down for a meeting when you discover that a vital subject matter expert has suddenly disappeared… A frightening Count (or state tax auditor) visits you unexpectedly... If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Are you paying more in federal taxes than your fair share? Well, if you own buildings, you could be; and a cost segregation study could provide you with the relief you’ve been looking for. On this episode of unsuitable, we’re joined by Dave McGuire, co-founder & director of McGuire Sponsel, a regional professional services firm that works with CPAs to enhance relationships through innovative tax strategies. He’s going to break down the topic of cost segregation for us by shining some light on who can benefit from a cost segregation study, what kind of savings are at stake, and when business owners should take advantage of this strategy. Case Study: McGuire Sponsel partnered with Rea & Associates to perform a Cost Segregation study for a manufacturer. This analysis was completed on the purchase and renovation of a manufacturing facility in Ohio. The investment totaled $2,791,500 with a land value of $65,557. The depreciable basis of the property totaled $2,725,943. McGuire Sponsel professionals were able to reclassify 43 percent of the total depreciable property into 5, 7 or 15-year properties. The accelerated depreciation deductions resulted in an increased cash flow of $302,752 over the first five years and a net present value of $220,793 over the life of the investment. If your business owns property, you will be interested in these other topics discussed in this episode: What a cost segregation study is and what type of business can benefit from one. The benefits of completing a cost segregation study (with examples). How you can use cost segregation (and other similar tools) to plan in today’s uncertain tax environment. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Sooner or later, time catches up with all of us. As unpleasant as that thought may be, planning for death is, in fact, a necessary part of life, and we simply couldn’t think of a better time to share some critical estate planning tips with you than this week – which also happens to be National Estate Planning Awareness Week. Dave McCarthy, a principal in Rea’s Medina office, has a knack for estate planning and trusts. We discuss how to choose an executor, which assets to include in your estate plan, what you should do with your asset list, and what other documents you should have in place before you die. Estate Planning is for Everyone Well over half of the people in the U.S. do not have an estate plan. Many people feel that they’re too young, too single, or simple don’t have to deal with it. However, even if you don’t have to pay an estate tax, you still have to worry about successfully transferring your assets to someone else. If you want an orderly transition of assets, you will be interested in these other topics discussed in this episode: What you need to do to better understand your estate plan. How to choose the right executor. How to make a list of assets, and what to do with that list. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Businesses can no longer afford to be anything but attentive, accommodating, and polite when it comes to customer service. One wrong word or tweet from someone on your front lines might be all it takes for your company to go viral… and that’s not necessarily a good thing. So, with all that’s at stake, what are you doing to improve the quality of your own customer service practices? As a Lean Six Sigma Black Belt, a Lean Gold Practitioner, and a Certified Project Management Professional, Chris Liebtag, president of the Rea Consulting Group, has helped businesses nationwide achieve greater effectiveness and efficiency. He joins unsuitable to share how a few simple adjustments to your existing customer service processes can yield incredible results. There is such a thing as “bad publicity” With the rise of social media and changing consumer behaviors, immediacy is the name of the game. However, the immediacy of social media also makes it very easy to go viral, and often companies end up going viral for their mistakes. Your organization may not have the capacity to recover from (or avoid) these situations if you aren’t implementing effective customer service processes. If you serve a client or customer in any shape or form, you can benefit from some of these strategies discussed in this episode: The 3 common drivers of the customer experience (and how you can address them). How efficient processes allow businesses to add value. Why capacity of time allows for innovation and responsiveness. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Business owners, do you ever feel like you’re expected to be two different people? On the one hand, you are expected to be a genius in your craft. Whether you manufacture widgets or brew craft beer, you’d better be fully capable of jumping in and getting your hands dirty. On the other hand, you must maintain a high-level view of your company; always poised to act on opportunities as they arise, while maintaining fluency in sales, marketing, and public relations. Believe it or not, striking that balance is possible, and in this episode of unsuitable we talk to somebody who does it every day. Mark Hoops, a principal in Rea’s Lima office, is a skilled business developer with nearly 40 years of experience in the accounting industry. He shares how any business owner can develop relationships and leverage opportunities that will help them maintain balance. It’s a Plane... It’s a Bird… It’s Super Biz Dev! We aren’t building businesses the same way we did even 20 years ago. It’s less about discrete networking events, like a golf game, and more about developing long-term relationships with the right people. If you are a business owner, you will also want to learn: Why it’s important to develop internal and external relationships, which means every (successful) business owner has to become a “people person.” How to identify the right growth & marketing opportunities, Why it’s critical to have a strategy for nurturing relationships over a long period of time, and how that will help you turn a lead into a sale. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
To celebrate the 100th episode of unsuitable on Rea Radio, we’re doing something special. We asked many of our previous guests to share some of their favorite business and/or professional growth resources with us, and the results have been incredible. In order, we sit down with Mike Moran, Mark Van Benschoten, http://www.circone.com/brad-circone/ (Brad Circone), Tim McDaniel, Brad Martyn, Chris Pyrcraft, Mary Beth Koester, Michaela McGinn, Annie Yoder, Mike Taylor, Kyle Quillen, Joe Welker, Kim Veal, Mark McKinley, Greg Saul, Kevin Bill, Andrea McLane, Desiree Lyon, Pat Porter, Abbey Kanellakis, Matt Scherer, Heather McNichols, Peggy Minnig, Brian Kempf, and Austin Black. But that’s not all... If you want to take advantage of even more resources that will help you improve your business practices or grow in your professional career, we published the full list of 100 resources on our website at reacpa.com/100. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
The idea of owning real estate can be enticing, particularly when the land becomes a source of income. However, the reward of revenue comes with a number of associated costs: taxes, estate planning, and other red tape. Brian Kempf, a principal in Rea’s Millersburg office, is particularly in tune with tax changes and the opportunities available to landowners. He joins us on unsuitable to identify the tactics that will help you maximize the value of your land, while minimizing your tax liability. Getting to Know the CAUV: Current Agricultural Use Value The CAUV applies to real estate taxes. If you own land that you use for farming commercial agriculture, you may be entitled to a reduced rate for your real estate taxes. So, rather than being taxed for the greatest use of your land, you can be taxed at an agricultural use – and this may end up saving you anywhere from 50-75% on your real estate taxes. If you want to get the most out of your land, listen to learn: Whether your land qualifies for reduced real estate taxes due to agricultural use. How to take advantage of potential tax benefits and write offs for landowners. What you should consider for estate planning. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Take a moment to think about this question: When was the last time that you showed appreciation toward your employees? If you’re struggling to answer that question, you may have identified a problem that could end up hurting your company in the long-run. Peggy Minnig, a principal in Rea’s Lima office, believes that an employee who feels appreciated will reward the company with increased productivity, greater employee satisfaction, renewed loyalty, and improved retention. Appreciation is a Fundamental Human Need It doesn’t matter if you’re an incredible business owner – without a great team in place to maintain the day-to-day responsibilities of the business, you won’t have a business for very long. And, well… if you don’t show appreciation for your employees, you may not have a great team for very long. If you want to retain valuable employees and increase productivity, listen and learn: Why peer recognition is just as important as manager or principal recognition. Why you should praise people immediately, preferably in public, when you see an opportunity to do so. How you can remind yourself and others to show appreciation on a regular basis. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
Payroll can be confusing. After all, it’s not always as simple as cutting a check for a week’s worth of work. There are a lot of things you have to consider, like how your employees are classified, taxes that need to be withheld, and whether the individuals doing your payroll have up-to-date training. Heather McNichols, Rea’s Director of Accounting Services, joins us on this episode of unsuitable to help businesses avoid common payroll pitfalls, while offering insight into solutions that will help make your payroll processes a breeze. America Works: Celebrating National Payroll Week Every year, the American Payroll Association celebrates National Payroll Week (they even have a song). At Rea & Associates, we like to join them in celebrating America’s 150 million wage earners and the professionals who pay them by making payroll a little bit easier. If you want to simplify payroll, listen to learn: Whether someone should be classified as an employee or a subcontractor. How to navigate complex tax withholding rules. Why asking for help, as an employee or a business, can save you a lot of time in the short-term (and trouble in the long-term). If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our webpage at www.reacpa.com.
Relationships are critical in business, regardless of your industry or what you offer your customers. Matt Scherer, President of PMA Practice Transitions, a dental practice sales and transition company, spent nearly 17 years with Bank of America before embarking on his current role. While these two careers may appear to be completely separate, they actually have a lot in common. In this episode of unsuitable, Matt shares his best networking, business development, and referral relationship tips so that you can drive results in your own company. Networking isn’t a 9-5 Job Your business relationships don’t pause when you leave the office, and most potential clients or partners are busy during the work day, so a lot of the most important networking and relationship-building you do will happen outside of work. If you want to make the most of your network and build stronger relationships, you will want to listen and learn... Why you should focus on quality over quantity in your network. Who to target (and how to track them). How to build referrals. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our webpage at www.reacpa.com.
When people talk about pursuing the American Dream, they often aspire to business ownership. However, as many of you already know, owning a business is much more than a fleeting aspiration: you have to be open to expert insight from outside advisors and be willing to put in long, thankless hours away from your family on the quest towards long-term success. In this episode of unsuitable, we’re joined by Austin Black, co-owner of http://www.williamandgrant.com/ (William & Grant Design). Like many of you, Austin was driven to leave a very successful career in corporate America to start his own venture. We discuss why Austin chose to leave corporate America, what challenges he faced during the startup process, and the lessons he’s learned over the years. Want to be Your Own Boss? Austin left corporate America with no clients, no capital, and no business management experience... However, he felt a strong desire to be his own boss, so he found a partner and they asked for guidance. If you are preparing to take the plunge into business ownership, or recently have, this episode will teach you: How to keep overhead and marketing costs low while you’re in the startup phase (so you don’t become another failed business statistic). Why don’t need to know everything about running a business to start a business, but you do need to be willing to learn or ask for professional guidance. Why small businesses need to act like big businesses, if they want to grow If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our webpage at www.reacpa.com.
When you employ men and women who are nearing the end of their careers, just entering the workforce, and all the ages in between, challenges are expected… but that doesn’t mean a multigenerational workforce can’t be productive. Pat Porter, Vice President of Human Resources at AAA Auto Club, joins us for part two of our HR miniseries, which is designed to help employers recruit and retain top employees. We go toe-to-toe with one of the biggest concerns business owners are facing today – how to manage a multigenerational workforce. There is No “One-Size-Fits-All” Management Style Today’s economic demands require a more flexible workforce from businesses, and forces individuals to stay in the workforce longer. As a result, this is the first time that five generations of the U.S. population are in the workforce simultaneously. There is no one-size-fits-all approach for managing everyone – each generation has unique attributes, desires, and motivations that must be addressed individually. If you want to get the most out of your workers, this episode will teach you: How to address (and leverage) each generation’s unique attributes, motivations, and desires. How to communicate with each generation based on their preference. Why increasing awareness of the employee mixture will improve interactions and maximize your workflow. If you haven’t already, go back and listen to unsuitable episode 93 with Desiree Lyons, which is part one of our HR mini-series. We offer tools and insight to strengthen your existing recruitment and retention strategy. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our webpage at www.reacpa.com.
Do you know how much it will cost you to fill a vacant position in your organization? According to the Society for Human Resource Management, the answer is $4,129... and, depending on how many people you need or how high your company’s turnover rate is, that figure could soon balloon out of control. To help minimize these costs, more business owners are embracing the mindset behind hiring top talent. On this episode of unsuitable, we’re chatting with Desiree Lyon, a human resources and recruitment professional with demonstrated talent acquisition expertise. This episode kicks off our HR mini-series, which will provide you with tools and insight to strengthen your existing recruitment and retention strategy. You Can Go Anywhere to Get a Paycheck... ...but top talent wants to work somewhere they can be happy. Organizations need to align their company mission and employee base with a positive culture that emphasizes growth, thriving, and developing people. If you want to create a hiring strategy that attracts top talent, and hold onto them, you’ll want to listen to learn: How to sell your position as the opportunity of a lifetime. Where to source top talent. Why you should diversify your potential talent pool. Tune in next week for part two of our HR mini-series. Now that we know how to hire top talent, Pat Porter will help us keep them happy, engaged, and productive. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our webpage at www.reacpa.com.