Filing Taxes after Divorce in Ohio

When you sign your divorce paperwork one of the last things you probably want to think about is your next tax return. However, your divorce agreement could drastically affect your tax liability. This means you may owe more or get a larger tax refund… Read More

Three Ways Professional Tax Services Can Help Your Small Business

Completing your business taxes is a year-round endeavor for small business owners. Small business tax services can help ease the burden in many situations. The first two ways professional tax services can help your small business go hand-in-hand, bec… Read More

What is Your Tax Rate and Why Does it Matter?

We have a progressive tax rate in the United States. Basically, this means you are not taxed the same rate on all your income. The tax rate progresses (increases) as your income increases. Although complicated, this makes it a fairer and more just ou… Read More

Will Coronavirus Delay Your State of Ohio Tax Refund?

The Coronavirus may delay your Ohio State tax refund. The pandemic brought many businesses to a halt, as they reassessed the best way to protect their employees and customers. The Ohio Department of Taxation is no different. In response to Coronaviru… Read More

The Home Office Deduction [a detailed review]

If you use part of your home for your business, you may qualify to deduct the expenses incurred for the business use of your home, including a home office. This deduction is for business owners regardless of whether they rent or own their home. If yo… Read More

Save on Your Taxes with a Health Savings Account (HSA) [FAQ]

Health Savings Account (HSA), a tax-advantage savings plan for medical expenses, provides a great way to save on taxes. It is possible to use pre-tax dollars for your original contributions, have gains grow tax-deferred, and make withdrawals tax-free… Read More

Stimulus Payment: Who is Eligible for this Tax-Free Check?

The IRS expects to start distributing the stimulus payments to eligible low to middle-income Americans in the next three weeks. Millions of Americans have started receiving their stimulus payments this week. The stimulus checks will be distributed au… Read More

Coronavirus (COVID-19) Stimulus Payment: What You Need to Know [FAQ]

Last week, Congress passed the largest recovery package in US history. The President signed into law the Coronavirus Aid, Relief and Economic Security Act (or CARES Act) on March 27, 2020. The CARES Act promises payments of $1,200 to most American ad… Read More

New Tax Form for Seniors - the 1040-SR

Tax time can be, well, quite taxing. Deciding which forms you need to complete can be a nightmare for many taxpayers. Just when you think you have it all figured out, the IRS releases new tax forms to match the recently changed tax laws and changes e… Read More

SEP IRA vs. Solo 401(k): Which One is Right for Your Business?

Do you own a small business and are considering starting a retirement plan for your employees and yourself? Are you not sure about which one is right for your business? Both SEP IRAs and solo 401(k)s are retirement accounts that allow you as the busi… Read More

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