Insights: Article

Mission-driven organizations thrive when passion meets process. Your not-for-profit's impact grows exponentially when backed by strong operational systems. While your team focuses on changing lives and strengthening communities, a well-crafted procedure manual quietly ensures your mission reaches its full potential.

As your dental practice grows, you'll likely consider bringing on additional professionals - perhaps an associate dentist, specialist, or hygienist. But before you extend that offer, there's a crucial decision that could significantly impact your practice's financial health: determining whether to classify them as an employee or independent contractor.

When you're running a manufacturing operation, every minute spent wrestling with financial reports is a minute away from growing your business. Yet many of our manufacturing clients tell us they're struggling with financial reporting systems that feel more like roadblocks than roadmaps. Let's explore how to transform your financial reporting from a complex puzzle into a powerful decision-making tool. 

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. 

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

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

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: 

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. 

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. 

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.