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Change in Holiday Hours

Our holiday closures for the rest of the year are as follows: Closed Thursday and Friday November 24-25, 2022 for ThanksgivingClosed Monday December 26, 2022 for ChristmasClosed Monday January 2, 2023 for New Years Fridays after noon will continue to be by appointment only until after New YearsAfter January 2, 2023, hours will resume to …

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Setting Up Your Non-Profit Organization

Two of the Paulding office CPAs, Andy Manz and Shelby Aschliman, recently partnered with the Paulding County Area Foundation to produce a webinar on the formation of a non-profit business. To listen to the webinar, click here.

Ohio House Changes Which Entities Can Conduct Raffles

The recently enacted Ohio House Bill (HB) 110 has changed which entities are authorized to conduct raffles in Ohio. In the past, school districts were included in the list of entities authorized to conduct raffles, but with the passage of HB 110, public schools are no longer authorized. Any organization who is not under specific …

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Employee Retention Credit: Fact vs Fiction

Determining if your business is eligible for the Employee Retention Credit can be complex and penalties on unpaid payroll taxes can be substantial if ERC is taken erroneously. The following article from the Association of International Certified Professional Accountants navigates through fact and fiction surrounding eligibility including: • The gross receipts test of calendar quarter …

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President Biden Announces Student Loan Relief

Recently, President Biden announced a 3 part plan addressing student loan debt: For those taxpayers earning less than $125,000 a year ($250,000 for married couples): $20,000 in student loan debt forgiveness in the taxpayer went to college on a Pell Grant $10,000 without a Pell Grant. Extension of the pause on student loan repayments (for …

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Watch out for Elder Fraud!

Elder fraud and abuse schemes are increasing. We thought this article on the topic was interesting and relevant since elder fraud is so rampant. We encourage you to read the article to help you or a loved one avoid scams. There is good information and helpful tips on this topic in the article. The article …

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ERC Documentation

The Internal Revenue Service has posted documentation standards for the Employee Retention Credit (ERC) in its Notice 2021-20, question 70.  This is the summarized information the IRS will be looking for if selected for an audit. Documentation proving employer eligibility including paid qualified wages.  Forms of documentation include: Government orders suspending business operations Records the …

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