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Nov 14, 2024
Newsletter
Benefit Insights | Fall 2024
The Fall 2024 Benefits Insights newsletter outlines key 2025 retirement plan adjustments, including increased elective deferral limits ($23,500), new catch-up contribution options for ages 60-63, and guidelines for timely deposits and Required Minimum Distributions. The newsletter also provides important compliance deadlines for plan administrators. Keep reading to learn more.
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.
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
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.
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:
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.
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.
Article
FLSA Overtime Rule Changes: What Employers Need to Know
The Fair Labor Standards Act (FLSA) sets fundamental workplace standards in the United States, including wage and hour regulations, recordkeeping requirements, and child labor protections. In a significant development, the U.S. Department of Labor (DOL) has finalized new overtime rules that will roll out in two phases, bringing substantial changes for employers.
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.
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.
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