Over my career, I’ve had the opportunity and pleasure of working with hundreds of businesses. What is no surprise is that no two businesses are the same. When our firm discusses with owners about their business and its unique needs, we often discuss the business structure to make sure that it is set up for […]
U.S. DOL Releases New Overtime Rule – Effective 7/1/2024
On April 23, 2024, the Department of Labor announced its new overtime rule, “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees.” Effective July 1, 2024, an executive, professional, or administrative employee must receive a salary equivalent to $43,888 per year in order to be classified as exempt. This income […]
Scammer Alert: Employers Beware!
The Employee Retention Credit (ERC) was intended to help ease the burden on businesses during the Covid-19 Pandemic. The credit allows employers to claim a refund on qualified wages paid to their employees. Unfortunately, scammers have used this credit as an opportunity to convince employers that they qualify for the credit, when in reality, they […]
Client Success Story: VSWC Architects
VSWC Architects Inc. is an industry-leading design firm specializing in architecture, master planning and interior design for a variety of public and private sector clients. With a 70-year history, they have successfully created hundreds of client relationships and have maintained an increasingly enviable project portfolio. Their clients include Coney Island, Community First Solutions, Hocking College, […]
Secure 2.0 Act of 2022 Key Takeaways
The SECURE 2.0 Act of 2022 was signed into law on December 29, 2022. The law builds on and expands the SECURE Act of 2019 and it expands coverage, increases retirement savings and simplifies retirement plan rules. Some of the key provisions of the Act include: EFFECTIVE DATE DECEMBER 29, 2022 Optional Treatment of Employer […]
Client Success Story
Rick and Lilah Reichley, owners of Rallar Enterprises, Inc., exemplify entrepreneurs hard work and dedication. They are owners of four Hallmark Gold Crown stores serving the greater Cincinnati / Dayton area, for over 20 years. With locations in Liberty Township, Fairfield, Centerville and Beavercreek, Reichley’s Hallmarks are conveniently located to serve you for any of […]
Cash is King! The Rolling 13-Week Cash Flow Forecast.
Profits are great, but cash is king! You may have heard this colloquial phrase used when analyzing businesses. It refers to the importance of cash flow in the overall fiscal health of a business. Many owners ask how it is possible that my revenues are up, my margins are up, and operating expenses are in […]
Burke & Schindler, PLL merges with Richmond, Indiana CPA Firm
Cincinnati July 1, 2022 – Burke & Schindler, PLL a Cincinnati-based regional CPA firm, founded in 1984 and provider of tax, accounting, business advisory, HR and Staffing, and Wealth Management services, has merged with the Richmond, Indiana CPA firm of Gillam & Zetzl. Gillam & Zetzl (“G&Z”) was formed in 2001 as a result of […]
The Benefits of Digitizing Your Accounts Receivable Process
How does your current Accounts Receivable Process work? How much time is spent printing and mailing invoices to each customer? How about cash application? Are you receiving customer checks in the mail, manually logging them, and then manually applying each to the customer’s account? These processes are time-consuming, labor-intensive, and error-prone. A significant portion of […]
Client Success Story: New Housing Ohio, Inc.
At Burke CPAs & Advisors, we pride ourselves on helping our clients thrive not only professionally and financially, but also in their communities. It is incredible to see the passion and arduous work that our clients put into their business each day. With day-to-day activities companies are reliant upon their employees, however, they are also […]