OHIO COVID-19 RELIEF FOR SMALL BUSINESSES & INDIVIDUALS
With a year-end deadline looming to spend Coronavirus Aid, Relief and Economic Security (CARES) Act funding provided by the Department... View Article
October 27, 2020 11:39 amCategories for Uncategorized
2019 – 2020 Retirement Contribution Limits
2019 2020 Increase Limit on employee contributions to 401k, 403b, or 457 plan $19,000 $19,500 $500 Limit on age 50+... View Article
December 10, 2019 3:01 pmQualified Charitable Distribution Can Help Older Taxpayers Benefit Without Itemizing Deductions
The Tax Cuts and Jobs Act (TCJA) has made itemizing deductions less attractive and, as a result, the number of... View Article
December 10, 2019 2:57 pmNew HSA 2020 limits are as follows:
2020 2019 HSA Annual Contribution Limit $3,550 $7,100 $3,500 – Single $7,000 – Family HDHP Minimum Annual Deductible $1,400 $2,800... View Article
December 10, 2019 2:52 pmEmployee Withholding for Multiple Jobs
If you have multiple jobs, a separate withholding form must be filled out for each employer. But, neither of those... View Article
December 10, 2019 2:50 pmMid-Year Paycheck Review
Everyone should check their withholding by doing a Paycheck Checkup ASAP, even if they did one in 2018. The federal... View Article
December 10, 2019 2:46 pmTax Advantages of a Donor-Advised Fund
A donor-advised fund, or DAF, is a giving vehicle established at a public charity. It allows donors to make a... View Article
December 10, 2019 2:42 pmTHE SINGLE MEMBER LLC TAXED AS AN S CORPORATION
As a single member LLC your entity is considered a “disregarded entity” for federal tax purposes. This means that while... View Article
December 6, 2019 2:42 pmFiling College Financial Aid Forms (FAFSA)
For the 2019-2020 school year, the federal government's financial aid form, the FAFSA, can be filed as early as October 1, 2018. It relies on current asset information and two-year-old income information from your 2017 tax return, which means you'll have the income data you need when you sit down to complete the form. This is a relatively new process.
November 2, 2018 12:00 pmEconomic Nexus & State Sales Tax
On June 21, 2018, the Supreme Court of the United States handed down a historic decision in the sales and use tax nexus case South Dakota v. Wayfair, Inc. The 5-4 ruling overturns physical presence standards upheld in previous cases, such as Quill Corp.
November 2, 2018 12:00 pm
