News & Articles

EHTC Named 2020 Accounting Today's Best Accounting Firm to Work For

Posted on Wed, Aug 05, 2020

EHTC was recently named as one of the 2020 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees.

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Tags: Accounting, Award, Best Accounting Firm to Work For

Team Member Spotlight: Mary Echelbarger

Posted on Mon, Aug 03, 2020
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Tags: Accounting, EHTC, Team Member

Financial Scrapbooking Event - April 25, 2017

Posted on Wed, Apr 19, 2017

EHTC's own Vanessa Birman, CPA, will be leading a class on "financial scrapbooking" at the Caledonia Branch of the Kent District Library on April 25, 2017. The class will offer insight on creating a scrapbook for important financial records such as insurance policies, retirement accounts and investments. The scrapbook is beneficial for financial planning, emergencies and end-of-life arrangements. This is a valuable asset to enable all documents to be stored in one location.

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Tags: Accounting, Planning, EHTC, Individual

Robin M. Stoner, CPA/MST To Speak at Upcoming SCORE Workshop

Posted on Sat, Jan 02, 2016


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Tags: Accounting, Business, Robin Stoner

New IRS Guidance on Changing Accounting Method for Retail Inventory

Posted on Thu, Sep 04, 2014

Retailers often find accounting for merchandise inventory challenging and time-consuming, especially when they carry many different types of products. The retail inventory method simplifies the process by allowing taxpayers to approximate ending inventory without necessarily taking a physical inventory count. In August, the IRS issued final regulations on certain changes within the retail inventory method. Then, the IRS followed up by issuing guidance to explain how taxpayers can obtain automatic approval from the IRS to make certain accounting method changes within the retail inventory method.

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Tags: Accounting, EHTC Article, Retailers, IRS, Newsletter, Articles, Accounting Methods, Inventory

Business Finance: The Art of Bill Collecting

Posted on Sat, May 31, 2014

Like it or not, some customers always lag in their payments. It hurts your company's cash flow and causes frustration for both your accounts receivable personnel and the customers.

But you can get your receivables in better shape and to keep them there if you get your staff on this regular exercise routine:

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Tags: Accounting, EHTC Article, Customer Relationships, Bill Collecting, Articles, Business Finance, Accounts Receivable, Payment Agreement

Q&As About the IRS Scandal and How to Obtain Tax-Exempt Status

Posted on Mon, Jun 03, 2013

The highly publicized scandal involving the IRS targeting of certain groups continues to unfold. The situation highlights the steps an organization needs to take in order to gain tax-exempt status and how the IRS failed to handle certain applications properly. This article provides answers to questions you may have about the current controversy in Washington and what a not-for-profit group must do to be considered for tax-exempt status.

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Tags: Accounting, IRS Scandal, How to Obtain Tax-Exempt Status, Echelbarger, EHTC

A Safety-First Approach to Year-End Gifting

Posted on Tue, Nov 27, 2012

Benjamin Franklin famously said, "In this world nothing can be said to be certain, except death and taxes." But right now, nothing seems more uncertain than taxes, especially when it comes to the estate and gift tax rules for 2013. The IRS recently announced the annual gift tax exclusion amount is going up for 2013. However, things are clear for this year, so if you are inclined at year end, you can make gifts to loved ones to reduce your estate. Here are the basics.

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Tags: Accounting, Tax, Ron Kaley, Financial Management, business consulting, Articles

6 Tax Breaks for 'Going Green'

Posted on Tue, Nov 13, 2012

Concerned about global warming and other environmental challenges? Many businesses are getting on board the green train. Besides being socially responsible, businesses and employers may derive some tax benefits for going green. Here are six examples:

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Tags: Accounting, Tax, Tax Benefits, Environmentalists, business consulting, Tax Credits

How Can Our Organization Arrange Corporate Sponsorships and Avoid Paying UBIT?

Posted on Tue, Oct 30, 2012

The Tax Code requires exempt organizations to pay UBIT on income from activities that are not related to its missions. But payments other than "qualified sponsorship payments" are not automatically subject to UBIT.

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Tags: Accounting, Tax, Nonprofit, business consulting, Articles