Blog
It’s Official: We’re Moving!
Just another reminder that we are moving and will be fully operational at our new location (507 Executive Campus Drive in Westerville) on Monday, January 8th! Our new location is easy to find and less than two miles from the current office. We look forward to...
EVs: Here Is The Information You Need To Qualify For The Clean Vehicle Credit
Did you purchase an electric vehicle in 2023? Here is the information you need to qualify for the Clean Vehicle credit: The seller of the vehicle must provide the buyer with a report at the time of sale. This report will verify that the vehicle and its battery are...
Business Owners: Changes to Commercial Activity Tax Explained
You may have received a letter regarding your CAT Tax account. Beginning on January 1, 2024, the commercial activity tax (CAT) annual minimum tax is eliminated, and the exclusion amount is increased from $1 million to $3 million. Therefore, taxpayers with taxable...
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...