As a business owner, you’ve worked hard to build something of value—not just for today but for the future. Yet, one of the most overlooked threats to long-term profitability is the absence of a solid succession plan. Whether your transition is expected or sudden, your business’s financial health depends on your ability to transfer leadership, …
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Audits don’t always give advance notice. In construction, they often show up when you go after bigger jobs, expand your bonding capacity, or secure new financing. Being unprepared can stall opportunities and raise questions about your financial controls. The good news? You can avoid surprises with the proper foundation. These nine steps will help you …
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In the construction industry, precision and structure are non-negotiable. That same discipline should extend to financial recordkeeping—yet many contractors underestimate the strategic importance of well-maintained records. Adequate recordkeeping is not simply an administrative task but a critical function supporting tax efficiency, audit preparedness, financial decision-making, and long-term compliance. Why Disorganized Records Can Be Costly Construction …
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In construction, success isn’t just about laying bricks or pouring concrete. Behind every project, there’s a financial framework that keeps things running smoothly. Bonding and insurance are two critical pieces of that framework. They protect your business, your clients, and your projects. Yet, these costs are often overlooked in budget planning, leading to unexpected financial …
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On January 13, 2025, OSHA rolled out new rules that require personal protective equipment (PPE) in the construction industry to safely fit the workers wearing it. This change brings construction in line with standards that have already been in place for general industry and shipyard work. The idea is simple—safety gear should fit properly so …
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On July 4, President Trump signed the much-anticipated “One Big Beautiful Bill Act” (OBBB) into law, following approval by both the Senate and the House of Representatives. This sweeping legislation permanently extends and reshapes many provisions of the 2017 Tax Cuts and Jobs Act (TCJA), with wide-ranging implications for individuals, businesses, nonprofits, and international taxpayers. …
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Sandusky, Ohio — June 25, 2025 – Payne Nickles & Company, CPAs is proud to celebrate a major milestone with the 10th Annual Community Shred Day, happening on Thursday, September 18, from 10:00 AM to 3:00 PM EDT at both the Sandusky and Norwalk offices. In partnership with Firelands Local, this event continues the firm’s …
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Sandusky, Ohio — June 03, 2025 – Payne Nickles & Company, CPAs proudly announce the Todd Spore, CPA Memorial Scholarship recipients for the 2025-26 academic years! The annual scholarships are funded through an account established by Payne Nickles & Company, CPAs within the Huron County Community Foundation, and are available to any first, second, third, …
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At Payne Nickles & Company, our mission is to provide forward-looking, client-oriented professional accounting and advisory services. That means we’re here not just to help you file tax returns, find deductions, and stay compliant each year—but also to guide you toward proactive financial strategies that make a real impact. Over the next few months, we’re …
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Bringing financial clarity and leadership to growing businesses—without the full-time hire. As a business owner, you must juggle operations, manage people, plan for growth, and closely monitor your financials. But in today’s environment, basic bookkeeping isn’t enough. More than ever, businesses need financial leadership—someone who can interpret the numbers, identify risks, and guide decision-making. In …
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