Blog
Why Ohio Farmers Should Consider an S Corp Election
October 15th, 2021
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…
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Ohio Tax Break for Teachers and Parents
October 4th, 2021
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…
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Working From Home in Ohio Could Get City Income Tax Refund
August 23rd, 2021
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…
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Child Tax Credit 2021 for Ohio Families
August 18th, 2021
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…
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Capital Gains Tax: When Selling Your Home for a Profit Can Hurt
July 19th, 2021
When you buy real estate, especially your own home, your primary concern probably isn’t what price you will get for it when you sell it. But when you do get around to selling that real estate, you certainly don’t want to sell it for less than you…
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When Should Your Business Hire an Accountant?
June 1st, 2021
The amount of time you want and need to personally invest in your business’s accounting will be the driving force behind when you should hire an accountant. Depending on the stage of your business’s developmental plan, there are several times whe…
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Is there a COVID-19 Medical Expense Deduction?
May 28th, 2021
Congress implemented changes to help Americans facing substantial medical costs related to the coronavirus (COVID-19). The biggest initial change was requiring testing and vaccinations for COVID-19 to be free for everyone and covered by health insura…
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American Rescue Plan Act, State Taxes, and You
May 26th, 2021
To lessen the effects of the pandemic, lawmakers passed The American Rescue Plan Act (ARPA) in 2021. The Act contains several changes to tax policies, and some of these changes affect the taxes you are filing now for tax year 2020. Other tax policy c…
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Tax Saving Tips for Retirees
May 11th, 2021
They say wisdom comes with age, but so do tax savings! Once a taxpayer turns the big 5-0, the IRS makes tax time a little sweeter, but it gets even better when they turn 65. Here are some federal and state tax saving tips that will give taxpayers man…
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Above-The-Line Tax Deduction for Charitable Donations in 2020
May 7th, 2021
The 2020 Coronavirus Aid, Relief and Economic Security (CARES) Act includes a temporary change to tax deductions in an effort to boost charitable donations for organizations who are struggling to help people suffering from COVID-19 shutdowns. As part…
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