» Business Owners
Challenges for Businesses With Ecommerce Sales Tax
November 9th, 2023
Some of us are old enough to remember a time when, if you wanted to buy something, you had to leave your home and go to a store (or order it from a catalog and wait weeks for it to arrive). But for the last few decades, and especially the last few ye…
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How Does Temporarily Closing a Business Affect Taxes?
October 10th, 2023
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…
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Employers’ Guide to Payroll Tax
July 25th, 2023
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…
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Organization and Preparation Of Business Taxes and Filing Services
May 24th, 2023
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…
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Mid-Year Business Tax Planning Tips
August 22nd, 2022
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…
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How to File Ohio Sales Tax
August 3rd, 2022
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…
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Can I Deduct Home Office Expenses?
April 21st, 2022
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…
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Best Practices to Avoid Committing Tax Fraud
January 17th, 2022
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…
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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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IRS Issues Bonus Depreciation Regulations for Partnerships
March 17th, 2021
In 2017 as part of the Tax Cuts and Jobs Act (TCJA), Congress made major changes to the bonus depreciation rules affecting partnerships. For open tax years, partners should assess carefully whether they want to adopt the final regulations or the 2019…
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