PLAIN AND SIMPLE Bright Business Insights
Vol . 10 | Issue 1 | Winter 2024
Dear Readers ,
We are off to a good start in the new year ! I hope 2024 has begun with optimism and prosperity for you and your businesses . Reflecting on the challenges of 2023 – from inflation to supply chain disruptions – it ’ s inspiring to see how resilient and adaptable we ’ ve all been . Looking ahead , I see a year of renewed potential , with the economy regaining its footing and businesses poised for growth despite the uncertainties of new tax policies and the upcoming election .
In each edition of our newsletter , I like to share a quote that speaks to our business ethos . This time , I ’ ve chosen two :
• “ The greatest glory in living lies not in never falling , but in rising every time we fall .” - Nelson Mandela
• “ Quality means doing it right when no one is looking .” - Henry Ford
In this edition , we ’ re excited to delve into a range of topics crucial for your success :
• Ohio Scholarship Granting Organization ( SGO ) Tax Credit : Discover who ’ s eligible and how you can benefit from this opportunity .
• Cost Segregation and Bonus Depreciation : Understand the latest changes and how they affect your bottom line .
• Pension Planning : Insights into long-term vs . short-term employee benefits and their implications .
• QuickBooks Online ( QBO ) Updates : Get ahead with upcoming changes this spring .
• Budgeting and Forecasting Series : Part 1 of our comprehensive guide to financial planning .
Don ’ t forget to mark your calendars for our annual National Manufacturing Day event on the first Friday in October ( October 4 , 2024 ). We ’ re already planning an enriching experience with valuable insights and opportunities for fellowship .
As we progress through the year , remember that our team at Rea is here to support you . Don ’ t hesitate to reach out if you need guidance on navigating the latest business trends or personalized advice . We ’ re more than a firm ; we ’ re your partners in growth and success .
Ryan Brickwood , CMA
Principal , Director of Manufacturing Services
Rea & Associates 230 North Market St . Wooster , OH 44691 ryan . brickwood @ reacpa . com ( 330 ) 264 – 0791