Maloney + Novotny

Maloney + Novotny CPA's and Trusted Business Advisors The Firm provides services through long-term relationships built on trust and exceptional service.

Maloney + Novotny is one of Ohio’s largest full-service CPA and business consulting firms and celebrates 90 years of helping clients achieve their goals and financial success. Maloney + Novotny is a member of Nexia International, a worldwide network of independent accountants, business advisors and consultants. For more information visit maloneynovotny.com. We have six locations:
Cleveland: 1111

Superior Avenue East, Suite 700, Cleveland, OH 44114
Canton: 4774 Munson Street NW, Suite 402, Canton, OH 44718
Clearwater: 1000 Pinellas Street, Clearwater, FL 33756
Columbus: 1105 Schrock Road, Suite 510, Columbus, OH 43229
Delaware: 38 South Franklin Street, Delaware, OH 43015
Elyria: 1530 West River Road, Suite 200, Elyria, OH 44035

🎓 We’re hitting the road for on-campus recruiting! 🚀Next week, we’re excited to connect with students at Baldwin Wallace...
09/03/2026

🎓 We’re hitting the road for on-campus recruiting! 🚀

Next week, we’re excited to connect with students at Baldwin Wallace University, Youngstown State University, and Walsh University.

Stop by our table to:
✨ Explore accounting career opportunities
🤝 Meet and connect with M+N professionals
📚 Learn more about life at Maloney + Novotny

We can’t wait to meet you and talk about where a career in accounting can take you!

Business valuations generally rely on information known or reasonably knowable as of the valuation date. But events that...
09/03/2026

Business valuations generally rely on information known or reasonably knowable as of the valuation date. But events that occur later may still be relevant. Some may confirm risks or circumstances that were foreseeable on the valuation date. Others — such as a subsequent sale, third-party offer or ownership transfer — may provide evidence of the business’s value, depending on timing, comparability and intervening events. Contact M+N's valuation team about your business valuation needs. We can help assess the relevance of subsequent events and determine how to address them based on the facts and circumstances.

Life insurance can provide critical financial protection for your family. A policy can replace income, equalize assets a...
09/02/2026

Life insurance can provide critical financial protection for your family. A policy can replace income, equalize assets among children active and inactive in a family business, or serve as a vehicle for passing leveraged funds free of estate tax. Policy proceeds generally aren’t subject to income tax. If you own the policy, proceeds will be included in your estate. Determining who should own the policy is complex. Possible owners include you or your spouse, your children, or an irrevocable life insurance trust (ILIT). Consider why you want the insurance and the importance of tax implications, control, flexibility, and ease and cost of administration. Contact Maloney + Novotny for additional details.

A profitable business can still run short of cash. Working capital — the difference between current assets and current l...
09/01/2026

A profitable business can still run short of cash. Working capital — the difference between current assets and current liabilities — can provide insight into a business’s ability to meet near-term obligations and pursue growth opportunities. Effective working capital management focuses on three key areas: collecting receivables, maintaining appropriate inventory levels and managing payables. Regularly monitoring these components can help reveal operational issues before they become larger cash-flow problems. Contact Maloney + Novotny for help evaluating your existing processes and identifying strategies to strengthen your working capital management.

A successful capital campaign starts well before your nonprofit announces its fundraising goal. Build a strong leadershi...
08/27/2026

A successful capital campaign starts well before your nonprofit announces its fundraising goal. Build a strong leadership team, develop a broad pool of prospective donors and prioritize major-gift prospects who can help create early momentum. During the quiet phase, organizations often aim to secure 50% to 60% of their campaign goal before expanding outreach. Just as important, carefully assess whether your fundraising goal is financially realistic and, if so, craft a compelling case for support that emphasizes community impact. Contact Maloney + Novotny to discuss the financial considerations of a capital campaign and whether your organization is ready to move forward.

Could your traditional 401(k) or IRA balance be too large? Maybe! Contributing as much as you can to tax-deferred retire...
08/26/2026

Could your traditional 401(k) or IRA balance be too large? Maybe!

Contributing as much as you can to tax-deferred retirement accounts can be a good idea. Contributions are pretax or deductible, and tax-deferred compounding can turbocharge growth.

But sometimes maximizing tax deferral is counterproductive. This may be true if tax rates increase by the time you pay tax on distributions. Also, retirement plan distributions are taxed at your ordinary-income rate, not your long-term capital gains rate. So you may pay a higher tax rate on dividends and growth than you would if you held the investments in a taxable account.

Fortunately, there are strategies that can help. Contact Maloney + Novotny to learn more.

Accurate bookkeeping starts with understanding how debits and credits work. Under double-entry accounting, total debits ...
08/25/2026

Accurate bookkeeping starts with understanding how debits and credits work. Under double-entry accounting, total debits must equal total credits. Assets, liabilities, equity, revenue and expenses each follow specific debit and credit rules. These entries ultimately flow into your business’s balance sheet, income statement and statement of cash flows. Accounting software can automate many bookkeeping tasks, but it can’t always determine how to record and classify transactions properly. If you have bookkeeping questions, contact Maloney + Novotny. We can help you maintain accurate, up-to-date financial records and produce reliable financial statements.

Can you recycle a business valuation? It depends. A valuation provides a snapshot of value on a specific date and for a ...
08/21/2026

Can you recycle a business valuation? It depends. A valuation provides a snapshot of value on a specific date and for a specific purpose. If you previously obtained a formal valuation report, it can be a useful starting point for understanding value drivers and risk factors. But never assume the expert’s conclusions are still applicable today — particularly in high-stakes litigation or M&As. Differences in the valuation date, standard and level of value, and purpose can affect a valuator’s analyses. Before relying on a valuation beyond its intended use, contact us to assess the situation. The M+N valuation team can help you determine what’s appropriate based on the facts and circumstances.

Bartering can be a viable way to conduct business, especially if you’re strapped for cash. But you can’t escape tax obli...
08/20/2026

Bartering can be a viable way to conduct business, especially if you’re strapped for cash. But you can’t escape tax obligations.

The fair market value of goods or services you receive generally must be reported as taxable income. Business expenses related to the exchange may also be deductible. Special rules apply if you use a barter exchange, including when trade credits are taxable and whether Form 1099-B reporting applies.

Good records are essential, including documentation of the fair market value, invoices, barter agreements and statements from barter exchanges. Whether you already barter or are considering it, contact Maloney + Novotny to discuss the tax and reporting implications.

One question surviving spouses face is how to file their federal income tax returns for the year of their spouse’s death...
08/19/2026

One question surviving spouses face is how to file their federal income tax returns for the year of their spouse’s death. For purposes of the final return, the tax year begins on Jan. 1 and ends on the date of death. The return is due on April 15 of the following calendar year unless the executor requests an extension. A surviving spouse generally can file a joint return with the deceased spouse for that year. Often, filing jointly provides tax savings, including a lower tax rate and larger deductions and credits. But filing separately sometimes may produce a better result because of the couple’s particular mix of income, deductions and other tax attributes. Contact Maloney + Novotny for more information.

Address

1111 Superior Avenue E, Ste 700
Cleveland, OH
44114

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

(216) 363-0100

Website

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