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

Don’t underestimate how overhead costs can affect your business’s profitability. Indirect expenses — such as rent, utili...
06/02/2026

Don’t underestimate how overhead costs can affect your business’s profitability. Indirect expenses — such as rent, utilities, insurance and administrative costs — often grow quietly over time. Allocating overhead costs across products, services, projects or clients can provide greater insight into profitability. A disciplined allocation approach can help you identify underperforming products or services, evaluate expansion opportunities, and make better-informed pricing decisions. Reviewing your allocation methods periodically is especially important as labor, technology and operating costs change. Contact your Maloney + Novotny advisor to discuss practical strategies for managing overhead and improving your bottom line.

Business disputes often require measuring the financial harm caused by a particular action or event, typically in the fo...
05/28/2026

Business disputes often require measuring the financial harm caused by a particular action or event, typically in the form of lost profits. However, estimating lost profits is rarely straightforward. Operational challenges and broader economic factors unrelated to the alleged wrongdoing can influence business performance. Business valuation pros use three common methods — before-and-after, yardstick and sales projection — to quantify lost profits. These estimates are discounted to present value and adjusted for potential mitigating factors and tax considerations. Contact one of our valuation experts for help developing a reliable conclusion for your situation.

When it comes to financial reporting, accuracy matters. But so does clarity. Many stakeholders — including board members...
05/27/2026

When it comes to financial reporting, accuracy matters. But so does clarity. Many stakeholders — including board members, donors, employees and investors — don’t have accounting backgrounds and may struggle to interpret complex financial data. Using plain language, engaging visuals and key benchmarks can turn complicated financial data into something more useful and actionable. We can help you develop financial reports and presentations that improve stakeholder understanding of your organization’s performance and enable better-informed decisions. Contact Maloney + Novotny to learn more.

Join us for our upcoming seminar “Not-For-Profit Tune Up: A Mid-Year Tune Up for Maximum Mission Impact” on June 25th. C...
05/26/2026

Join us for our upcoming seminar “Not-For-Profit Tune Up: A Mid-Year Tune Up for Maximum Mission Impact” on June 25th.

Carrie Morse, Chief Operating Officer at ERC, will share her expertise!

Don’t miss this opportunity to gain valuable insights and connect with fellow nonprofit leaders.

Learn more and register here: https://bit.ly/4uI9h1g

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size ...
05/21/2026

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size tests.

For instance, a gross receipts test is used to determine eligibility for cash accounting, simplified inventory rules, the completed contract method, relief from UNICAP requirements and exemption from the business interest deduction limitation. This threshold is adjusted for inflation. For 2026, your business may be eligible if its average annual gross receipts for the prior three-year period were $32 million or less.

Contact a Maloney + Novotny tax advisor to help evaluate your eligibility for these and other tax-saving opportunities based on your business’s structure and operations.

As personal budgets tighten and membership expectations evolve, retaining members has become challenging for many nonpro...
05/20/2026

As personal budgets tighten and membership expectations evolve, retaining members has become challenging for many nonprofits. Strong renewal strategies focus on personalized engagement, flexible participation options and clear communication of member impact. Some organizations are also finding success with strategies that specifically address members’ budget concerns, such as installment payment options or tiered memberships. Limited-time incentives can also make renewals more manageable for members. Need help assessing the financial impact of your retention strategy, M+N can help. Let’s connect.

In May 2026, the IRS reinstated a previously discarded policy that allows taxpayers to request private letter rulings (P...
05/19/2026

In May 2026, the IRS reinstated a previously discarded policy that allows taxpayers to request private letter rulings (PLRs) from the IRS, but only for “significant issues” arising in corporate transactions. In the past, the IRS would, when requested, review entire proposed transactions. This could be time consuming and costly. Now, the agency will issue PLRs only on specific legal questions without ruling on the entire transaction. A company, for example, might ask whether asset transfers following a reorganization would jeopardize its deal’s tax-free treatment. PLRs can help business owners make better decisions about transaction planning and structuring. To learn more, contact Maloney + Novotny.

📣 You're Invited! Join us for the Not-for-Profit Tune Up: A Mid-Year Tune Up for Maximum Mission Impact - an exclusive i...
05/18/2026

📣 You're Invited! Join us for the Not-for-Profit Tune Up: A Mid-Year Tune Up for Maximum Mission Impact - an exclusive in-person seminar presented by Maloney + Novotny.

🗓 Thursday, June 25, 2026
🕐 1:00 – 4:30 PM (Networking reception to follow)
📍 The Lorraine & Bill Dodero Center for Performing Arts at Gilmour Academy,
2045 SOM Center Road, Gates Mills, OH 44040

This engaging afternoon will cover key insights for nonprofit leaders and financial professionals.

✔️ Strategic HR insights for executive leadership
✔️ Practical guidance on revenue recognition
✔️ Best practices for effective investment committees
✔️ Better understanding of today’s economic landscape
✔️ Protecting your organization with smarter IT risk practices
✔️ Fine-tuning your 990 for success

Don’t miss this opportunity to gain valuable knowledge and connect with peers in the industry.

Please click here to reserve your spot and meet our guest speakers: https://bit.ly/4uI9h1g

Bankruptcy doesn’t always mean shutting down. Many businesses choose to reorganize — and timely valuation insight can ma...
05/15/2026

Bankruptcy doesn’t always mean shutting down. Many businesses choose to reorganize — and timely valuation insight can make a significant difference in the outcome. Bringing on a business valuation professional early in the reorganization process can provide clarity to complex financial matters and support negotiations with stakeholders. In addition to helping management determine whether Chapter 11 reorganization makes sense, we can assist with cash budgets, financial projections, asset appraisals, divestitures and debt restructuring. Contact one of Maloney + Novotny's valuation specialists for help evaluating the options and choosing the optimal path forward.

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns usi...
05/14/2026

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns using a business’s EIN, impersonate executives to steal employee W-2 data, or use forged IRS documents to pose as a business for financial or tax-related activity.

Protect your organization by implementing a cybersecurity plan, securing sensitive data, training employees and using technology tools such as encryption and multi-factor authentication. Working with a trusted tax professional is also critical. Maloney + Novotny is her to help you review your risks, recommend safeguards and determine the next steps if something looks suspicious. Contact us to learn more.

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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