Jan 25, 2022 | Personal Tax
On our website under the Tools/Links tab, you can scroll down to the heading General Links where you’ll find a link to a Non-Cash Charitable Valuation Guide. This link takes you to the Salvation Army’s Donation Value Guide. Here you can find values for items...
Dec 2, 2021 | Personal Tax, Tax Planning
The IRS recently announced updated retirement contribution limits and amounts for tax year 2022. These changes mean you may be able to increase your retirement contributions for next year. Please refer to the chart below for more details regarding this topic. If you...
Nov 10, 2021 | Personal Tax, Tax Planning
If you worked from home in 2021, it is possible that you could file a city refund claim come tax time. The State of Ohio has changed a rule that might affect employees who worked from home but lived in a different city than their office’s location. Every situation is...
Oct 4, 2021 | Corporate Tax, Personal Tax, Tax Planning, Uncategorized
In 2020 lawmakers put in place several provisions that allowed for additional tax benefits for individuals and businesses making charitable donations. As in 2020, the following tax benefits are in place: • Taxpayers who do not itemize can claim a deduction of up to...
Sep 9, 2021 | Corporate Tax, IRS, Personal Tax
Just a friendly reminder that extended 2020 Corporate and Partnership tax returns are due next week. Extended personal returns are due next month. We look forward to the opportunity to help all of our extended clients file their returns on time. In order to achieve...
Sep 2, 2021 | Personal Tax
The American Rescue Plan offers some great tax benefits for working parents with young children. Not only has the plan increased the amount of the credit and eligible expenses for child and dependent care, but it also has modified the credit’s phase-out for...
