Entrepreneurial Spirit. Independent expertise.


Accounting and financial news
from the front lines


by Mary Stucke

In April 2012, Obama signed the Jumpstart Our Business Startups (JOBS) Act.  This act is aimed at helping small emerging private companies raise capital faster, stay private longer and, once ready, go public easier and thrive.   How are they doing this?  Regulatory changes, particular in 4 key areas: The “crowdfunding” exemption: raising capital from small-dollar […]

Posted in Audit & Tax Talk | Comments »

Freedom Doesn’t Sound So Great

by Associate

By now I’m sure you’ve heard the term “Taxmageddon” or the “fiscal cliff,” as Ben Bernanke has dubbed it; but if not, you’ll want to keep reading.  The discussions have been ongoing regarding the expiration of the Bush-era tax cuts, which is where the term “Taxmageddon” stems.  Essentially, if you think you’re paying a ton […]

Posted in Audit & Tax Talk | Comments »

Revenue Recognition – The New Reality for Construction Companies Part II

by Bob Biehl

Last month I wrote about the revised exposure draft relating to revenue recognition that was issued in November 2011.  This month I want to expand on that discussion and focus in on three commonly asked questions related to the revised exposure draft and how it either differs or is consistent from how contractors currently recognized […]

Posted in Bob's Construction Accounting Chat | Comments »

In Case You Hadn’t Heard… Daubert Challenges Were Down in 2011

by Rebekah Smith

PwC just issued their annual Daubert Challenges to Financial Experts: A yearly study of trends and outcomes.  Always an interesting study to read, here are a few excerpts from the report, which you can download for free if you follow the link above: Of all the expert testimony challenged during 2000-2011, 45% was excluded in whole […]

Posted in Case In Point | Comments »

Columbus C.E.O. Best of Business 2012 – Voting is Now Open!

by Sara Robertson

Columbus C.E.O. magazine’s annual Best of Business survey gives readers an opportunity each year to shine the spotlight on the things that make central Ohio’s business scene great. In 2010 and 2011, GBQ was named ”Best Accounting Firm” thanks to YOUR votes! The voting period is open until July 16, 2012. Be sure to vote today, and […]

Posted in GBQ News & Culture | Comments »

Great Article on Palmer-Donavin and ESOPs

by Brian Bornino

Thank you to Smart Business for publishing an outstanding article on Palmer-Donavin and its employee stock ownership plan (ESOP) in the May 2012 magazine.  The article does a great job of explaining how employee ownership through an ESOP can be a unique and savvy succession planning technique, and what the company’s thought process was in […]

Posted in Valuation Observations | Comments »


by Wade Kozich

While it is too early to tell, the recently passed JOBS  (Jumpstart Our Business Startups) Act which made its way through the House and Senate with rare speed, should make it easier for small companies to raise capital and to avoid becoming a public company until ready. The lighter regulatory burden should help. These changes […]

Posted in GBQ Exchange | Comments »

March Madness. April Showers. May Amnesty.

by Judd Ballard

It’s finally here…Ohio’s General Tax Amnesty.  If you’ll recall, GBQ published a special edition SALT Watch last month as a reminder of the amnesty program that kicks off today.  Not to be confused with the Ohio consumer’s use tax amnesty that lasts until May 2013, the General Tax Amnesty is a more traditional state tax […]

Posted in Audit & Tax Talk | Comments »