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Ohio has a new credit for those who choose home education for their children. Beginning on 2021 Ohio tax returns, taxpayers who choose home education may deduct up to $250 of education expenses for home instruction of their children. According to the Ohio Revised Code: “Education expenses” means expenses or fees for any of the […]

The sales tax rate for Paulding, Ohio increased back to 7.25% as of January 1, 2022 (after decreasing to 6.75% as of October 1, 2021). For our clients who collect Paulding sales tax, you’ll want to update your systems to reflect this change. You can read more about this change here:  

The IRS is planning to send out letters for recipients of Advance Child Tax Credit (CTC) and the third round of Economic Impact Payments (EIP). It is important for you to get these letters to us when you receive them so that we can accurately prepare your 2021 tax return. We need you to save them

There are a few payroll related items that we wanted to share with our clients. For those of you who have employees on payroll:  For Ohio businesses, employers with 10 or more W-2s must be uploaded the W2s to the Ohio Business Gateway (OBG).  Under 10, paper W-2s can be mailed or can be uploaded to

We recently completed our 2021 Tax Planning newsletter, and we would like to share it with you. To read the Newsletter, click the link below.

Succession planning is important for businesses, including for family farms. We recently received an email from another CPA firm with some tips for successful succession planning. You can read these tips here.

On November 19, 2021, the House of Representatives passed the nearly $2 trillion Build Back Better (BBB) Act. The Act contains many business and tax items of interest that we wanted to share. This bill has not yet passed the Senate (so most likely it will change) but we wanted to share some of the

The IRS has released information to help taxpayers plan for tax season 2022 to make their tax filing process easier. To read the recommendations from the IRS, click here.

The IRS recently posted some updates related to the Child Tax Credit/Advance Child Tax Credit Payments. Read more about this topic including updated FAQs in the IRS News Release here.

On November 5, 2021, the House of Representatives passed the more than $1 trillion Infrastructure Investment and Jobs Act (H.R. 3684). The President is planning to sign the bill on Monday November 15, 2021. This new Bill does not contain a lot of tax provisions (the type of items we’re interested in 😃), but one