Insights

Rising Gas Prices Bring About Increase In Federal Standard Mileage Rates

Rising Gas Prices Bring About Increase In Federal Standard Mileage Rates

In recognition of rising gas prices, the IRS has announced a rare increase to the optional standard mileage rate ...
Have You Considered Utilizing Your HSA as a Savings Tool?

Have You Considered Utilizing Your HSA as a Savings Tool?

Individuals covered by a qualifying high-deductible health insurance are eligible for a Health Savings Account. ...
Ohio Offers A Newer Tax Credit to Citizens Supporting K-12 Educational Scholarships

Ohio Offers A Newer Tax Credit to Citizens Supporting K-12 Educational Scholarships

Ohioans donating money to scholarship-granting organizations (SGOs) are eligible to receive a dollar-for-dollar ...
Can I Claim My Child & Dependent Care On My 2021 Tax Return?

Can I Claim My Child & Dependent Care On My 2021 Tax Return?

The Child & Dependent Care Credit underwent major changes in 2021 as part of the American Rescue Plan Act. The ...
Why Aren’t Most GoFundMe Crowdfunding Payments Considered Charitable Contributions?

Why Aren’t Most GoFundMe Crowdfunding Payments Considered Charitable Contributions?

Donations made to a personal GoFundMe fundraiser, rather than a charity fundraiser, are generally considered to be ...
Charitable Donations of Household Goods – How Do I Determine a Dollar Value?

Charitable Donations of Household Goods – How Do I Determine a Dollar Value?

On our website under the Tools/Links tab, you can scroll down to the heading General Links where you'll find a ...
Happy New Year!

Happy New Year!

May the 2021 Tax Season Commence!
2022 Retirement Contribution Limits & Amounts Announced

2022 Retirement Contribution Limits & Amounts Announced

The IRS recently announced updated retirement contribution limits and amounts for tax year 2022. These changes ...
Did You Work From Home in 2021? If So, You May Be Entitled To a City Refund at Tax Time.

Did You Work From Home in 2021? If So, You May Be Entitled To a City Refund at Tax Time.

If you worked from home in 2021, it is possible that you could file a city refund claim come tax time. The State ...
IRS Extends Tax Changes That Help Individuals and Businesses Give to Charity in 2021

IRS Extends Tax Changes That Help Individuals and Businesses Give to Charity in 2021

In 2020 lawmakers put in place several provisions that allowed for additional tax benefits for individuals and ...
Attention Small Business Owners!

Attention Small Business Owners!

In honor of the IRS' Small Business Week, we wanted to make you aware of a variety of small business resources, ...
Reminder:  2020 Extension Tax Filing Deadlines are Quickly Approaching

Reminder: 2020 Extension Tax Filing Deadlines are Quickly Approaching

Just a friendly reminder that extended 2020 Corporate and Partnership tax returns are due next week. Extended ...
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