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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 …
 
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 & Associ…
 
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 …
 
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 sho…
 
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 t…
 
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 monument…
 
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 tru…
 
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 b…
 
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 & Associat…
 
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 C…
 
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 hel…
 
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…
 
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 cy…
 
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 “The Modern Seller.” Amy dis…
 
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 …
 
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 resu…
 
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…
 
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 recess…
 
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…
 
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 …
 
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 e…
 
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 importan…
 
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 …
 
A few months ago, Ted Lape, a partner at Lazear Capital, 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…
 
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, join…
 
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