Insights | Rea CPA
Author
Nov 15, 2024
Article

Protecting Your Mission: A Not-for-Profit Leader’s Guide to Risk Assessment

Every not-for-profit has a story worth protecting. While daily operations and program delivery often take center stage, implementing strategic risk assessment practices can transform your organization's ability to serve and grow. Understanding and managing different types of risk isn't just about compliance – it's about building a stronger foundation for your mission. 
Author
Nov 13, 2024
Article

New Ohio Legislation Reshapes the Business Landscape for Dental Practices

As business advisors serving Ohio's dental community, we're seeing a significant shift in how dental practices will operate and grow, thanks to recent legislative changes. Senate Bill 40, signed into law by Governor Mike DeWine, introduces two game-changing reforms that will impact practice management and professional mobility
Author
Nov 13, 2024
Article

Why Should You Choose Managed IT Services?

When you are running a business, you need your technology to work not just sometimes but all the time.
Author
Nov 12, 2024
Article

Hurricane Disaster Relief: Quick Reference Guide to Maximize Tax Benefits

Recent hurricanes impacting Florida and several other states have created significant challenges for residents and businesses. Rea is committed to helping you understand and maximize the information available for tax relief and assistance programs. Here's a detailed breakdown: 
Author
Nov 11, 2024
Article

Simplifying Retirement Savings for Your Employees: Roth vs. Traditional 401(k) Plans Explained

As an employer, you recognize that choosing a retirement plan for your employees is a pivotal step in securing their financial well-being. One of the key decisions they'll face on this journey is choosing between a Roth and a traditional pretax 401(k). We understand that making this choice can be challenging, so we’re breaking it down for you to equip your employees to make decisions that impact their unique circumstances. 
Author
Nov 11, 2024
Article

Cash Flow Forecasting: Your Key to Financial Success

If you’re running a business in manufacturing, you're no stranger to the challenges of managing finances. But here's a question: Are you giving your cash flow the attention it deserves? If not, you might miss one of the most powerful tools in your financial toolkit. 
Oct 14, 2024
Article

Decoding Dental Success: Unlocking Your Financial Statement’s Potential

Let’s think about this from a different perspective. Think of the dashboard of your car. Your car’s dashboard provides essential information such as speed, fuel level, engine health. This information is imperative to make informed decisions while driving. Imagine driving a car without one. This could leave you stranded on the side of the road without fuel, or with citations for speeding, which are not good things. This is the same power as your financial statement. It is like the financial dashboard for your practice. It gives you the power to make informed decisions for your business. Without the financial statement, it can be difficult to steer your practice in the right direction.  
Author
Oct 22, 2024
Blog

Important Notice: 2023 Ohio Individual Income Tax Return Processing Issue

We want to bring your attention to a significant processing issue affecting some 2023 Ohio individual income tax returns. Our tax team has identified an emerging situation that may impact clients who received interest income reported on Form 1099-INT during 2023.
 
Nov 14, 2024
PR

Rea & Associates Announces Leadership Promotions

Rea & Associates, a leading accounting and business advisory firm, is pleased to announce three significant promotions within its leadership team, further strengthening the firm's commitment to excellence and growth.