Small Business Community | Viewpoints | The Bonadio Group

Best Practices for Enhancing Company Value

Sun, 21 Feb 2010 00:00:00 +0000

Decisions that business owners make today will determine how they will position their companies, and increase their value for a sale, in order to take advantage of the coming upturn in the economy. Tony Duffy, CPA, CVA, ABV and Director of ValuQuest Business Appraisals delivers insights and advice on getting ready to sell your company in his latest Viewpoint. Read

Does Your 2009 P&L Statement Have a Hidden Tax Deduction?

Mon, 11 Jan 2010 00:00:00 +0000

According to Bruce Zicari, team leader of our Small Business Advisory Group, and Roger Upton, a Director of the real estate tax consulting company, MS Consultants, there’s a very narrow window of opportunity for business owners to take advantage of what’s known as the “repair vs capitalization” opportunity. Did you know that it may be possible to move certain capitalized items and reclassify them as a repair, and by doing so, change the deduction equation significantly in your favor? Read

Classifying Your Employees the Right Way!

Wed, 06 Jan 2010 00:00:00 +0000

The IRS is turning its focus on how companies are classifying their employees. You need to know what constitutes an “independent contractor”, and the severe penalties for misclassifications. Leah Powell, a Principal with our Tax Team offers valuable information and guidance in Viewpoints. Read

The President’s Small Business Incentives

Tue, 29 Dec 2009 00:00:00 +0000

A few weeks ago, the Obama Administration announced a series of initiatives to boost small businesses, from eliminating some capital gains tax to tax credits for hiring, and more. But will these really work and did these initiatives go far enough? Hear, read and comment upon what Tom Bonadio, CPA, Managing Partner of The Bonadio Group has to say about the Administration’s proposals…the good, the bad, and the ugly. Read

Do You Need a “Personal CFO”?

Mon, 07 Dec 2009 00:00:00 +0000

Just like a company has a CFO, you and your family might benefit from having a “Personal Chief Financial Officer” – a highly trained and qualified professional responsible for planning, and oversight of your personal finances, and management of your insurance, investment, legal and accounting team. Click to learn (and comment upon)what a Personal CFO is, what they do, and the peace of mind they can deliver in this Viewpoint by Cyndi Turoski, Managing Director of Bonadio Wealth Advisors. Read

Is the Time Right to Transfer Your Family Company?

Mon, 07 Dec 2009 00:00:00 +0000

Gifting your family company is never an easy decision, but given the current economic situation, the time may never be better. In his latest Viewpoint, find out why Tony Duffy, a Partner in our Albany office feels this way, and share your own insights and thoughts. Read

Roth IRAs - To Convert or Not Covert

Mon, 07 Dec 2009 00:00:00 +0000

If you’re holding a traditional IRA, then you should be considering a conversion to a Roth IRA. But is this strategy really all that it’s cracked up to be, and right for you? Hear, read and comment upon what Terri Conrad Regan, CPA/ABV, JD, MBA has to say. Read

Using Life Insurance to Meet Business and Personal Objectives

Mon, 02 Nov 2009 00:00:00 +0000

As a financial strategy, life insurance is often overlooked and sometimes even avoided. Rick Curtis, a Director of Bonadio Financial Services has six eye opening and innovative ideas on ways that business owners can use life insurance as part of the their business and financial management practices. Read

“Energizing” Tax Credits

Mon, 05 Oct 2009 00:00:00 +0000

Heather Leggiero, CPA, JD describes five different credits that can help you minimize taxes and “go green” at the same time. Read

Don’t Let A Good recession Pass You By

Mon, 03 Aug 2009 00:00:00 +0000

Bruce Zicari, CPA and Leader of TBG’s Small Business Advisory Group has a 7 step M&A action plan for the not-so-faint-of-heart. While some small business owners may be wringing their hands or taking a defensive position in order to protect their business and personal assets, others see the economic downturn as a once in a lifetime opportunity to catapult their business to new heights through a merger or by acquiring another firm. Read

TBG's Tax Credit, Deduction and Incentive Checklist

Tue, 09 Jun 2009 00:00:00 +0000

Today, for individuals and small business owners, we would like to present a very special edition of Viewpoints that will help you discover every tax credit, deduction and incentive you're entitled to from the new American Recovery and Reinvestment Act. Bruce Zicari, the partner in charge of our Small Business Advisory Group discusses what you need to know in order to get what you need to have...more money back in your pocket! Read

More Concrete Advice

Mon, 01 Jun 2009 00:00:00 +0000

Our resident expert on real estate taxation issues – Roger Upton is going to focus upon guidance for real estate owners and developers when it comes to tenants, from what can be done with a former tenant space to tax implications resulting from attracting tenants, and more. Read

Now is the Time to Invest in Small Companies

Sun, 03 May 2009 00:00:00 +0000

The new Recovery Act contains a number of incentives for private investors considering making an investment in small business, and for small business owners, there are tax benefits and incentives that may be available through a change to your legal status. Bruce Zicari, CPA – the Partner in Charge of our Small Business Advisory Group is going to address these, and the conditions the IRS has set up before you can capture the benefits. Read

Corporate Identity Theft

Mon, 02 Mar 2009 00:00:00 +0000

John Olsen, a partner in our Albany office and one of the Firm’s forensic accounting experts discusses how thieves are ripping off companies using fictitious documents, and what you can do prevent or detect corporate identify theft. Read

Double Bonanza Time for Qualified Leasehold Improvements

Mon, 02 Mar 2009 00:00:00 +0000

Roger Upton, a CPA and a national expert in real estate transactions and taxation is going to discuss changes that affect the tax treatment of qualified leasehold improvements, with a special focus on their impact upon retailers and restaurateurs. Read

Don’t Be a Casualty of the Tightening Surety Market

Mon, 02 Feb 2009 00:00:00 +0000

Construction industry expert Gordon Robbie, CPA, discusses 16 steps contractors and construction companies can take to protect their company and improve their ability to obtain the surety support they need in these difficult times. Read

The Return of Bonus Depreciation

Mon, 02 Feb 2009 00:00:00 +0000

Roger Upton, CPA, a partner with MS Consultants and a national expert in real estate transactions and taxation is going to discuss the concept of bonus depreciation while presenting insights as to how much money a n owner/developer can save off of their tax bill this year. Read

Victimized by Fraud

Tue, 06 Jan 2009 00:00:00 +0000

According to John Olson, a CPA, Certified Fraud Examiner, and a partner in our Albany office, the financial pressures your employees may be experiencing could be the catalyst for their defrauding your business or organization. In this Viewpoint, John offers five simple, very low cost methods to help you uncover fraud, so that the end of 2008 can be a springboard to a great 2009. Read

Seven “Ports” for Keeping Your Personal Financial Ship Safe!

Tue, 02 Dec 2008 00:00:00 +0000

For most of us, the rough weather and stormy seas of the global financial crises has left our personal financial ship on the verge of floundering. To help us navigate these tricky waters Cynthia Turoski, CPA/PFS, CFP – the Managing Director of Bonadio Wealth Advisors – has some guidance how you can weather today’s rough waters with smart thinking, decisive planning, and disciplined decision making. Read

You Might Be Eligible to Catch A Piece of the New Bailout Bill!

Tue, 02 Dec 2008 00:00:00 +0000

Jeff Corey, Team Leader for Bonadio’s Tax Department is going to talk about the recently enacted bailout bill – you might know it as the Emergency Economic Stabilization Act of 2008. For both people and businesses, there’s good news in the act in the way of credits, incentives and more tweaking to the infamous Alternative Minimum Tax. Read

Is it Time to Hand Down Your Business?

Mon, 03 Nov 2008 00:00:00 +0000

Tony Duffy, CPA, CVA and a Partner in our Albany office discusses whether it’s a smart move for business owners to transfer some or all of their ownership stake to their heirs, right now, in order to take advantage of current tax law. Read

An Outside Job

Wed, 01 Oct 2008 00:00:00 +0000

Mike Smith, a CPA and Certified Fraud examiner from our Albany office is going to discuss how outsiders – like the scrap man or the mechanic are defrauding construction companies, and what you can do about it! Read

How Your CPA Can Help You Through the Credit Crunch

Wed, 02 Jul 2008 00:00:00 +0000

As banks tighten standards and scrutinize loans more than ever, you should be turning to your CPA for assistance in helping you secure the financing you need. Jeff Lewis, CPA, a Principal on our Commercial Team discusses what role your CPA can and should play for maximizing your opportunity for funding. Read

The Dangers of Paying Under the Table

Thu, 01 May 2008 00:00:00 +0000

Steve Terrigino, a Partner in our Small Business Advisory Group wants to make you aware of the many risks you face if you are paying your employees under the table. Read

Attract and Retain Top Executive Talent Through Effective Deferred Compensation Planning

Tue, 01 Apr 2008 00:00:00 +0000

Paul Henry, a Principal in our tax group is going to address a very important issue – how to properly structure a plan to attract and retain executive talent with deferred compensation. Read

Sureties Want To See Strong Financial Statements

Tue, 01 Apr 2008 00:00:00 +0000

Scott Cresswell, a partner from our Rochester office is back with us today to discus a topic near and dear to the hearts of those of you in the construction industry – obtaining bonds. Scott's discussion centers upon how sureties review financial statements, and what you can do to help put your company in a better position to obtain the bonding you need. Read

Get While the Getting is Good: “Gifts” from Congress

Mon, 03 Mar 2008 00:00:00 +0000

Are you aware of the gift that the US Congress just gave to small and medium sized businesses? If not, you’ll want to listen to this podcast from Bruce Zicari, the partner in charge of The Bonadio Group’s Small Business team who is going to discuss the terrific tax incentives contained in the recently passed Economic Stimulus Act. Read

The Difference Between an Ordinary CPA and a Trusted Advisor

Fri, 01 Feb 2008 00:00:00 +0000

Tom Bonadio, Managing Partner of the Bonadio Group, is going to discuss the need for a bond between you and your CPA, built around trust. Read

Nine Ingredients for Guaranteed Failure – A Recipe for Family Owned Restaurants

Mon, 03 Dec 2007 00:00:00 +0000

Bruce Zicari, CPA, and Bonadio partner in charge of our small business group, takes us into the restaurant business. Bruce is going to offer insights, guidance and a discussion of Nine Ingredients for Guaranteed Failure for Family Owned Restaurants that any restaurant owner or manager needs to know. Read

The Top 10 Issues for Employee Benefit Plan Audits

Sun, 02 Dec 2007 00:00:00 +0000

Denise Gueli, from our Buffalo office, is one of our firm’s resident experts in the world of benefit plan audits, and in this Viewpoint, she’s going to discuss the top ten list of red flags that will trigger a highly undesirable IRS audit of your benefit plan. Read

Attracting and Retaining Future Construction Leaders

Fri, 02 Nov 2007 00:00:00 +0000

Hear what The Bonadio Group discovered in our recent Annual Survey of the Construction Industry about attracting, recruiting, and retaining top quality construction leaders and managers. Jim Keefe, CPA, and a Partner in our Buffalo office, discusses findings of the survey and what they mean. Read

Construction Companies Must Monitor All Projects

Wed, 05 Sep 2007 00:00:00 +0000

Steve Terrigino, CPA, and a Partner in our Small Business Advisory Group, will be discussing what makes for successful project management, along with some insightful suggestions for guiding your company to superior financial health. Read

Eliminate the Barriers to Visibility and Watch Your Profits Soar

Fri, 03 Aug 2007 00:00:00 +0000

Companies are being prevented from reaching their full potential because they create barriers when it comes to the ways that business information is stored, accessed and used. Kent is going to discuss the five biggest barriers and what companies can do to overcome them. Read

Finding Money In ThWalls, Carpets and Sewers of Commercial Buildings and Apartmentse

Mon, 02 Jul 2007 00:00:00 +0000

According to Phil, Managing Director of MS Consultants – one of the nation’s leading experts on cost segregation studies, many real estate owners overlook a mechanism called a Cost Segregation Study that can result in tax savings as much as 10%-30% of the total cost of the real estate. As Phil likes to say, there’s ways to find money in the walls, carpets and sewers of commercial buildings and apartments Read

Smart Owners Reduce Retirement Tax Bite

Mon, 02 Jul 2007 00:00:00 +0000

Eileen Semmler, CPA, and a partner in our tax department, is going to discuss how smart owners can reduce their retirement tax bite. Read

When Two Become One

Fri, 01 Jun 2007 00:00:00 +0000

Tom Bonadio, Managing Partner of our firm, will talk about mergers and acquisitions. Here’s a surprising statistic - it’s been said that between 60% and 80% of all acquisitions fail to meet pre-acquisition goals and objectives! The integration of two companies is a huge undertaking that will disrupt both businesses. In this edition of Viewpoints, Tom is going to discuss how to minimize disruptions, so you can maximize your vision for a merged company. Read

A Nice Surprise - R&D Tax Credit

Fri, 01 Jun 2007 00:00:00 +0000

Jeff Corey is our Partner in charge of The Bonadio Group’s tax department – the largest tax department in all of upstate New York. In this edition of Viewpoints, Jeff talks about a very nice tax credit that many companies don’t know enough about and consequently, end up leaving money on the table. You may very well be qualified for the Federal R&D tax credit. Jeff is going to talk about what it is, what it does, and what it covers. Read

Chances You'll Be Audited and What To Do If You Are

Sun, 29 Apr 2007 00:00:00 +0000

Bruce Zicari, CPA, and Partner in Charge of our Small Business Advisory Group will be discussing the chances that you will be audited, and what to do if you are. Read

Internal Controls Not Just for Public Companies

Sun, 29 Apr 2007 00:00:00 +0000

Don Eichenauer, CPA and partner in charge of Bonadio's Enterprise Risk Management Team discussing internal controls; they're not just for large public companies! Read

What Contractors Can Do To Improve Their Bottom Line Right Now

Sun, 29 Apr 2007 00:00:00 +0000

Scott Cresswell, CPA, a member of our Commercial Team and an expert in the contracting, real estate and construction industries. Scott is going to present 10 ideas for you to consider, that can make a difference for your business. Read

10 Things Employers Should Do With Their 401(k) Plans

Sun, 29 Apr 2007 00:00:00 +0000

Denise Gueli, CPA and a Partner in our Buffalo office is one of our firm's resident experts in benefit plan auditing. Today, she's going to discuss Ten Things Employers Should Do With Their 401(k) Plan to Stay Out of Trouble with the United States Department of Labor. Read

Manageable Document Retention Plans

Mon, 02 Apr 2007 00:00:00 +0000

Carl Cadregari, BS, ISACA, SANS, ACFE, and Consultant in our Management Advisory Services department discusses document retention strategies and best practices for document retention. Read

Ten Ways You Can Use, Grow, and Protect Your Small Business Assets

Mon, 02 Apr 2007 00:00:00 +0000

Tom Kamide, CPA and Mike Loguidice, CPA, Partners in our Syracuse office, discuss 10 steps, from decreasing accounts receivable to retirement planning that any small business can take to grow and protect their small-business assets, right now. Read