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How Does Temporarily Closing a Business Affect Taxes?

If you own a business, you know that any interruption of your operation affects your revenue. But how does temporarily closing a business affect taxes? A closure for a day or so, such as for a brief illness or power outage, might not have much of an… Read More

Tax Tips for Freelancers and Gig Workers

Working for yourself offers so many benefits: flexibility, the opportunity to be creative, and control over your own career and future. The flip side, of course, is that you are responsible for everything—including figuring out your income taxes. W… Read More

Retirement Plan Spousal Beneficiary Changes Under SECURE 2.0

The federal Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed in 2019 to increase access to tax-advantaged retirement accounts, and to help ensure that aging Americans didn’t outlive their retirement savings. The Consoli… Read More

Employers’ Guide to Payroll Tax

When people think of starting a business, they typically look forward to creating and selling a useful product, providing a needed service, interacting with customers or clients, and creating jobs in their community. No one daydreams about sitting at… Read More

Inflation Tax Adjustments for 2023

Inflation has been an issue for almost all American families in the past couple of years, driving up the cost of everything from food and clothing to energy and automobiles. The country has seen prices rise at the fastest level of growth in forty yea… Read More

Organization and Preparation Of Business Taxes and Filing Services

For many business owners and organization leaders, tax preparation and filing is a necessary, but often dreaded, chore. Depending on the complexity of tax issues, filing and preparation can even distract from the operation of the business or organiza… Read More

Do Nonprofits Pay Taxes in Ohio?

Unlike businesses, nonprofit organizations are entities that exist for a reason other than making a profit for their owners. Instead, nonprofit organizations are created to provide a benefit to the community, the general public, or a specific group o… Read More

Preparing for Estate and Gift Tax Return Deadlines

This time of year, income taxes are on everyone’s minds, but there may be other tax returns that you need to think about filing. In particular, you may need to file a gift tax return or an estate tax return. Learn what triggers the need to file the… Read More

Do I Have to File Taxes if I Don’t Owe?

If you’re like most people, you would probably prefer almost any activity to sitting down and preparing a tax return. Of course, if you expect to owe, you know you need to file taxes. And if you’re expecting a refund, the only way to get it is to… Read More

Student Loan Forgiveness Tax Guidelines

There was much buzz and excitement about the Biden administration’s loan forgiveness program from some quarters, and concern from others, when the program was first announced. Legal challenges have halted student loan forgiveness in its tracks, eve… Read More