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

Best Practices to Avoid Committing Tax Fraud

You probably consider yourself a good citizen and an honest person. You would never steal or intentionally cheat anyone, and, of course, you file and pay your taxes on time every year. You certainly don’t think of yourself as the type of person who… Read More

Will the Coronavirus Relief Loans (SBA,PPP, EIDL) Affect My Taxes?

When the coronavirus pandemic descended in early 2020, the world was caught unprepared. Businesses in the United States and elsewhere experienced major disruption, and governments took action to keep businesses and the economy afloat. Unfortunately,… Read More

What Do I Need to Bring to My Tax Appointment?

For many adults, sitting down to file taxes brings back all the anxiety of taking a middle-school algebra exam, but with much higher stakes. The good news is that someone can help you with this test: your tax preparer. Even better, you can, and shoul… Read More

How is Cryptocurrency Taxed?

Five years ago, most people had barely heard of cryptocurrency. Even a year or two ago, most people didn’t own any. But recently, cryptocurrency has increasingly burst into the public awareness, and more and more people are investing in it — perh… Read More

Should I Itemize or Take the Standard Deduction?

It’s one of the most common questions for individuals preparing to file their income tax: take the standard deduction or itemize? Up until a few years ago, the answer was clearer for most people. Those with a lot of deductible expenses like mortgag… Read More

Why Ohio Farmers Should Consider an S Corp Election

A family farm is many things: a labor of love, a legacy from one generation to the next, a source of income and purpose. But it is also a business, and as such, it needs a business structure. Many farmers choose to organize their farm as a limited li… Read More

Ohio Tax Break for Teachers and Parents

Prior to the pandemic, the school year was ushered in by parents stocking up on the school supplies their children would need for the year and teachers asking parents to contribute items for the classroom. Despite donations of everything from glue st… Read More

Working From Home in Ohio Could Get City Income Tax Refund

Many municipalities, in Ohio and elsewhere, impose an income tax on people who live or work within the city limits. The logic is simple: municipalities provide services such as police protection, firefighting, road repair, and more. Those services be… Read More

Child Tax Credit 2021 for Ohio Families

You may have heard on the news recently that federal child tax credit 2021 payments will soon be going out to Ohio families and families across the country. Learn what’s new about the child tax credit 2021, how to find out whether you qualify for t… Read More