2023 Retirement Contribution Limits Increased

As you probably already know, contributing to your retirement plan helps you in multiple ways. Obviously, the more you add to your retirement and the earlier you add it, the more financial resources you will have to make your retirement secure and co… Read More

Failure to File a Tax Return

For many people, preparing and filing tax returns is a dreaded chore—especially if there’s a tax bill at the end of it. We may fantasize about chucking all of our receipts and forms in the wastepaper basket, and just forgetting the whole thing. W… Read More

Mid-Year Business Tax Planning Tips

Tax planning is a critical part of maintaining the financial health of a business. By taking advantage of available business tax write-offs, you can minimize your company’s tax burden and potentially save thousands of dollars. Most small business o… Read More

How to File Ohio Sales Tax

If you are a vendor of most goods and many services who has physical or economic nexus in Ohio, you are required to collect and file sales tax. What exactly does it mean to have “nexus” in a state? Physical nexus means that you have enough of a p… Read More

11 Common Tax Write-Offs

Tax laws exist to accomplish two things: create revenue for the government, and motivate behavior. Everyone understands the revenue generation part, especially when they are writing a check to pay their taxes. But we often don’t think about how tax… Read More

Ohio State Income Tax Credits

Few people actually enjoy filing their income tax return, especially if they think they might have to write a check to the IRS or the state of Ohio. A professional tax preparation service can make the process of filing your taxes much less stressful.… Read More

Can I Deduct Home Office Expenses? 

For over two years now, many more people have been working from home than prior to the pandemic. And while some places of business have opened back up, there are still many people who are working remotely. Some are self-employed, some are independent… Read More

Should I Have a Tax Professional Review My Tax Return?

In a little under a month, most of us will have filed our 2021 state and federal income tax returns. Perhaps you are the kind of person who likes to prepare and file your taxes to get it over with (and maybe get a refund sooner). Or maybe, like many… Read More

Will My Unemployment Benefits Affect My Tax Refund?

Millions of Americans claimed unemployment benefits in 2021. Unemployment can be a lifeline to those dealing with a sudden job loss. Benefits can help to keep your family afloat so you can meet expenses until you find work again. Unemployment and tax… Read More

Tax Deadlines for Filing 2021 Taxes in 2022

Everyone “knows” tax day is April 15 (and this year, as you’ll see below, it’s not). But the truth is, that’s not the only tax deadline that’s important to circle on the calendar when you’re thinking about your taxes. And if you’re no… Read More