Category Archives: Accounting

Reminder: Ohio Quarterly CAT Return Filing Deadline is Friday, November 10

The Ohio Quarterly CAT Return filing deadline is Friday, November 10, 2017.  The commercial activity tax (CAT) is an annual tax imposed on Ohio business entities and certain out of state businesses for the privilege of doing business in Ohio. It is … Continue reading

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The 401(k) Plan Roth Option – Right for You?

Does your employer’s 401(k) plan allow Roth deferrals?  If so, you may be wondering if that’s a good choice for you.  In fact, you may have been wondering about this for a few years now!  Even though the Roth 401(k) … Continue reading

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Tips to Know for Deducting Losses from a Disaster

The IRS wants taxpayers to know it stands ready to help in the event of a disaster. If a taxpayer suffers damage to their home or personal property, they may be able to deduct the loss they incur on their federal income … Continue reading

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Reminder: Ohio Quarterly CAT Return Filing Deadline is Thursday, August 10

The Ohio Quarterly CAT Return filing deadline is Monday, May 11, 2015.  The commercial activity tax (CAT) is an annual tax imposed on Ohio business entities and certain out of state businesses for the privilege of doing business in Ohio. It is measured by taxable gross receipts from business activities in Ohio.  Businesses with Ohio […]

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Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Professional, Business Tax Planning, Corporate Taxation, Ohio Business Taxation, Ohio Department of Taxation, State and Local Tax, Tax Compliance, Tax Planning, Uncategorized | Tagged , , , , , | Leave a comment

Managing Risk with Internal Controls

Fraud happens and it’s not just affecting large corporations.  Small to medium size business are also at risk due to internal control deficiencies and minimal enforcement of policies in place.  According to the 2016 Association of Certified Fraud Examiners (ACFE) … Continue reading

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Businesses Subject to the Partnership Tax Rules Need to Review Their Operating Agreements in Light of Changes Right Around the Corner

The Bipartisan Budget Act of 2015 is making major changes to the examination and collection processes the IRS uses in its administration of the tax regime that governs businesses that are taxed as partnerships, such as limited liability companies that … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, Business Tax Planning, Corporate Taxation, Internal Revenue Service, Operating Agreements, Partnership Tax Rules, Partnership Taxation, Small Business Accounting, Tax Planning, Taxes, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Why Small Business Owners Should Consider Outsourcing Their Accounting and Tax Functions

Have you ever wondered why some of the most successful entrepreneurs and business leaders wear the same outfit each day? It is said that Albert Einstein bought multiple versions of the same gray suit to limit the number of decisions … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, Business Professional, Business Tax Planning, Corporate Taxation, Non-Profit, Not-for-profit, Outsourced Accounting Services, QuickBooks, Small Business Accounting, Tax Compliance, Tax Planning, Taxation, Taxes | Tagged , , , , , , , , , , , , , , , | Leave a comment