Welcome to BHGP&S Co., Inc. Certified Public Accountants, Cleveland, Ohio
BHGP&S Co., Inc. CPAs, offer Accounting, Tax, Financial Planning and Business Consulting services with an eye on your future. Whether you are a business owner looking to grow your company or reduce income taxes, or an individual searching for intelligent, practical financial guidance, our focus at BHGP&S Co., Inc. is to help you determine financial goals and to help you take the necessary steps to achieve those goals. We view our relationship with clients as a partnership, and believe that our success is a result of your success.
It’s more than just numbers, it’s understanding your business. That’s what we do.
Explore our website to discover the many ways BHGP&S Co., Inc. can serve you.
The BHGP&S Co., Inc. Tax Calendar
It’s easy to get started with the BHGP&S Co., Inc. Tax Calendar.
Deadlines for returns, filings, payments and more are all noted on our Tax Calendar for your convenience.
BHGP&S Hot News
- 2019 – 2020 Retirement Contribution Limits 10/12/2019 - 20192020IncreaseLimit on employee contributions to 401k, 403b, or 457 plan$19,000 $19,500 $500 Limit on age 50+ catchup contributions to 401k, 403b, or 457 plan$6,000 $6,500 $500 SIMPLE 401k or SIMPLE IRA contributions limit$13,000 $13,500 $500 SIMPLE 401k or SIMPLE IRA age 50+ catchup contributions limit$3,000 $3,000 NoneHighly Compensated Employee definition$125,000 $130,000 $5,000 Maximum annual additions… ... View Article
- Qualified Charitable Distribution Can Help Older Taxpayers Benefit Without Itemizing Deductions 10/12/2019 - The Tax Cuts and Jobs Act (TCJA) has made itemizing deductions less attractive and, as a result, the number of taxpayers who itemize on their personal tax returns is estimated to decrease by at least 50 percent. But that doesn’t mean tax-savings opportunities no longer exist. It just means you have to get more creative.… ... View Article
- New HSA 2020 limits are as follows: 10/12/2019 - 2020 2019 HSA Annual Contribution Limit $3,550 $7,100 $3,500 – Single $7,000 – Family HDHP Minimum Annual Deductible $1,400 $2,800 $1,350 – Single $2,700 – Family HDHP Out-of-Pocket Maximum $6,900 $13,800 $6,750 – Single $13,300 – Family Age 55+ Catch-Up Provision $1,000 $2,000 $1,000- Single $2,000 – Husband/Wife Age 55 Catch Up Contribution-As in 401k and… ... View Article
- Employee Withholding for Multiple Jobs 10/12/2019 - If you have multiple jobs, a separate withholding form must be filled out for each employer. But, neither of those forms takes into account what is withheld from the other employer. Once your taxes are calculated, you might find that you owe a substantial amount in income tax for the year as a result. We… ... View Article