Category Archives: Akron Accounting Firm

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

Establishing Residency for State Tax Purposes

Have you been contemplating moving to another state with lower taxes? Your move could lower your state tax bill, but you want to make sure to establish that the new state is your place of legal residency (also known as … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Akron Ohio Community, Domicile, State Tax, Uncategorized | Tagged , , , , , | Leave a comment

Reminder: Ohio Quarterly CAT Return Filing Deadline is Wednesday, May 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, State and Local Tax, Tax Compliance, Tax Planning, Uncategorized | Tagged , , , , | Leave a comment

Keep in Mind These Basic Tax Tips for the Sharing Economy

If taxpayers use one of the many online platforms to rent a spare bedroom, provide car rides or a number of other goods or services, they may be involved in the sharing economy. The IRS now offers a Sharing Economy … Continue reading

Posted in Akron Accounting Firm, Akron Certified Public Accountants, Akron Ohio Community, Business, Deductions, Estimated Payments, Internal Revenue Service, Payment Options, Rentals, Sharing Economy Tax Center, Taxes, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Name Change? How It Impacts Taxes

A name change can have an impact on taxes. All the names on a taxpayer’s tax return must match Social Security Administration records. A name mismatch can delay a tax refund. Here’s what taxpayers should know if they changed their … Continue reading

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IRS Debunks Myths Surrounding Tax Refunds

As millions of people begin filing their tax returns, the Internal Revenue Service reminds taxpayers about some basic tips to keep in mind about refunds. During the early parts of the tax season, taxpayers are anxious to get details about … Continue reading

Posted in Additional Child Tax Credit (ACTC), Akron Accounting Firm, Akron Certified Public Accountants, Akron Ohio Community, Earned Income Tax Credit (EITC), Internal Revenue Service, Refunds, Tax Refunds, Taxation, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Stop, Look and Think Before You Expand

The driving force in many expansion plans is to generate higher sales, with the hope that profits will rise. But before making moves to buy new equipment, expand your plant or implement a new business idea, you need to grasp the … Continue reading

Posted in Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, Business Tax Planning, Expansion Plan Analysis, Expansion Plans, Tax Planning | Tagged , , , , , , , , , , , , | Leave a comment