Blog
Qualified Charitable Distributions Excellent Way to Satisfy Your RMD
IRA owners, age 70 ½ or older, are eligible to transfer up to $100,000 tax-free directly to the charity of their choice. Each year, an IRA owner, age 70½ or over when the distribution is made, can exclude from gross income up to $100,000 of these qualified charitable...
Some Very Important Updates For Clients
Happy Holidays! We are quickly approaching our favorite time of the year—Tax Season—and have some very important updates to share with you: There is still time for 2023 year-end tax planning, and planning is more important than ever. The IRS interest rate on...
Giving Tuesday: Here’s One Opportunity for Ohioans to Give (While Also Receiving a Tax Credit)
On this Giving Tuesday, we wanted to remind our Ohio clients of a unique opportunity to make a positive impact in the community while also benefiting from valuable tax incentives. Did you know that contributing to scholarship-granting organizations (SGOs) can earn you...
2023 Year-End Tax Planning Guide for Individuals
There is still time to do some 2023 year-end tax planning, and this year that planning could be more important than ever. Our 2023 Tax Planning Guide is now available. Of key interest: The IRS interest rate on underpayments has risen significantly, from 3% in...
Ohio Department of Taxation Announces Ohio IT1040 Letters Sent In Error
According to the Ohio Society of CPAs, the Ohio Department of Taxation (ODT) has mailed Verification of Income – Missing Ohio IT1040 letters to some taxpayers in error. This letter advises taxpayers that ODT is unable to process their school district (SD100) refund...
An Exciting Announcement!
We have a big news: N&Co’s office building is on the market! As we prepare to move to a new Westerville location this winter, we're looking for the perfect business to take over and make 115 Commerce Park Drive their new home. Since 2004, this location has been...
Are You Sure That New EV Is Credit Eligible? See The New Rules & Requirements For 2023
The Inflation Reduction Act (IRA) made significant changes to the electric vehicle tax credit. The links below parse out important criteria for you to meet if you are considering the purchase of or recently have purchased a new EV. Of particular note, the seller must...
DUE SOON: 3rd Qtr Estimates & Tax Returns On Extension!
For some of you, taxes don't end in the Spring, and we have a couple reminders: 1. If you make quarterly estimated tax payments: the 3rd quarter estimated tax payment is due September 15. 2. If you are on extension and still need to file your personal or...
There’s Money On The Table! Is Any Of It Yours?
The State of Ohio recently released its 2023 Unclaimed Funds list. It’s worth taking a minute to search for your name, as well as friends and family members! Unclaimed funds are lost or forgotten money that businesses and banks report to the state after accounts...