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

A thoughtful spending policy helps nonprofits balance today’s funding needs with tomorrow’s financial stability. Whether...
07/21/2026

A thoughtful spending policy helps nonprofits balance today’s funding needs with tomorrow’s financial stability. Whether your organization uses a fixed-rate, inflation-based, rolling-average, geometric or hybrid approach, each method has distinct advantages and trade-offs. That’s why periodic reviews are essential to ensure your policy continues to align with your mission, financial goals and liquidity needs. If it’s been several years since your organization last reviewed its spending policy — or if your financial circumstances have changed — take another look. Contact Maloney + Novotny to evaluate your current spending policy and help ensure it supports your mission for years to come.

Business owners: Summer is often a good time to revisit your estate plan. Your business’s fair market value determines h...
07/14/2026

Business owners: Summer is often a good time to revisit your estate plan. Your business’s fair market value determines how many shares you can transfer to loved ones without incurring gift or estate taxes. However, the IRS strongly discourages do-it-yourself valuations. Using a “qualified appraiser” demonstrates that you acted in good faith when filing a gift or estate tax return. Most businesses appreciate in value over time, but value may differ from your expectations in uncertain markets. Contact one of M+N's valuation experts for help valuing your business and developing an effective estate planning strategy. The sooner you know where you stand, the more options you may have.

🌟 Intern Spotlight: Madison Roth 🌟We’re thrilled to introduce Madison Roth, one of our outstanding interns at Maloney + ...
07/13/2026

🌟 Intern Spotlight: Madison Roth 🌟

We’re thrilled to introduce Madison Roth, one of our outstanding interns at Maloney + Novotny this season!

Certain “small” businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, wh...
07/10/2026

Certain “small” businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take?

Cash-basis businesses recognize income when received and deduct expenses when paid, providing greater flexibility in the timing of income and deductions. In contrast, accrual-basis businesses recognize income when earned and deduct expenses when incurred, regardless of the timing of cash receipts or payments.

Even if you meet the eligibility requirements, the cash method isn’t right for every business. And switching methods adds administrative costs. Contact Maloney + Novotny to learn more about each option.

Should you and your spouse establish a single joint living trust or separate trusts? Living trusts, also known as “revoc...
07/09/2026

Should you and your spouse establish a single joint living trust or separate trusts? Living trusts, also known as “revocable” trusts, allow you to minimize probate expenses, keep your financial affairs private and provide for the management of your assets in the event you become incapacitated. If you and your spouse are comfortable with each other inheriting your combined assets, a joint trust can be a good choice because of its simplicity. On the other hand, if shielding assets from creditors is a concern, separate Maloney + Novotny for details.

The Association of Certified Fraud Examiners estimates that businesses lose about 5% of annual revenue to occupational f...
07/08/2026

The Association of Certified Fraud Examiners estimates that businesses lose about 5% of annual revenue to occupational fraud. However, organizations with strong antifraud controls — including external financial statement audits and surprise audits — generally experience lower fraud losses and detect fraud more quickly than organizations without those safeguards. Audits don’t provide a guarantee against fraud, but they can help reveal anomalies and errors and identify weaknesses in your business’s controls. If you have questions about your business’s fraud risks or you’d like to discuss our audit and forensic accounting services, contact Maloney + Novotny. We can help strengthen your fraud defenses.

🌟 Intern Spotlight: Cara Doyle 🌟We’re thrilled to introduce Cara Doyle, one of our outstanding interns at Maloney + Novo...
07/06/2026

🌟 Intern Spotlight: Cara Doyle 🌟

We’re thrilled to introduce Cara Doyle, one of our outstanding interns at Maloney + Novotny this season!

As we celebrate Independence Day, all of us at Maloney + Novotny wish you, your family, and your colleagues a safe, rela...
07/02/2026

As we celebrate Independence Day, all of us at Maloney + Novotny wish you, your family, and your colleagues a safe, relaxing, and happy Fourth of July!

Please note: Our offices will be closed July 2-5th, in observance of the holiday. We will reopen during normal business hours on Monday, July 6.

Many nonprofit boards include members with limited financial expertise. The challenge for management is presenting finan...
07/02/2026

Many nonprofit boards include members with limited financial expertise. The challenge for management is presenting financial information that’s clear, relevant and actionable for everyone at the table. Adding visual elements and dashboard-style reporting to your presentations can help. So can using financial ratios to compare performance with past years or with other nonprofits. Also consider incorporating brief financial education moments into board meetings. These small, consistent efforts can help boost board financial literacy. Need help translating complex financial data into board-friendly insights? Contact Maloney + Novotny to discuss practical reporting strategies for your nonprofit.

Smooth leadership transitions depend on a business’s “bench strength” — the depth of employees prepared to step into cri...
07/01/2026

Smooth leadership transitions depend on a business’s “bench strength” — the depth of employees prepared to step into critical roles when unexpected departures occur. Building a deep internal talent pool is one of the most effective ways to support your succession plan and protect your organization’s stability. Start by identifying potential leadership gaps and talented employees. You should also provide leadership training, mentoring programs, cross-functional projects and job rotations so your employees gain experience beyond their current responsibilities. M+N can help you create a succession plan and strengthen your bench.

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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