Category Archives: Non-Profit

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

Excellent Changes Ahead for Many Tax Return Deadlines and Extensions

Surprise! Hidden away inside a recent new federal law are changes to many tax return due dates – both in terms of original and extended deadlines. On July 31, 2015, the President signed H.R. 3236, the “Surface Transportation and Veterans … Continue reading

Posted in Akron Accounting Firm, Akron Certified Public Accountants, Akron Ohio Community, Business, Business Owners, Business Tax Planning, Corporate Taxation, Internal Revenue Service, Non-Profit, Not-for-profit, Tax Compliance, Tax Planning, Taxation, Uncategorized | Tagged , , , , , , , , , , , , , | Leave a comment

Identifying Potential Tax Scams

Due to the recent rise in the number tax fraud cases, the IRS cautions taxpayers to be wary of any communication they receive regarding their Federal tax bill or refund. Phone calls, text messages, and emails that appear to be … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Akron Ohio Community, Business, Business Owners, Business Professional, Business Tax Planning, Corporate Taxation, Internal Revenue Service, Non-Profit, Not-for-profit, Ohio Business Taxation, Ohio Department of Taxation, Tax Compliance, Tax Planning, Taxation | Tagged , , , , , , | Leave a comment

QuickBooks Online – Is it Worth it?

QuickBooks was born in 1994 when Intuit purchased the rights to use a double entry accounting program called “MoneyCounts”. The software program that we all know and love started taking shape in the years to come. Its ease of use … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, Business Professional, Business Tax Planning, Business Technology, Non-Profit, Not-for-profit, QuickBooks | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

IRS Makes Applying for 501(c)(3) Tax-Exempt Status Easier

The Internal Revenue Service (IRS) currently recognizes more than one million 501(c)(3) organizations and has more than 60,000 501(c)(3) applications pending. On July 1, 2014, the IRS introduced a new, streamlined application form to help small charities more easily apply … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Internal Revenue Service, Non-Profit, Not-for-profit, Tax Compliance, Uncategorized | Tagged , , , , , , , , | Leave a comment

Ohio sales and use tax and employer withholding changes

By now all businesses registered with the Ohio Business Gateway should have received a letter from the Ohio Department of Taxation outlining the significant state tax law changes recently approved by Ohio Governor John Kasich and the Ohio General Assembly.  … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Tax Planning, Corporate Taxation, Non-Profit, State and Local Tax, Tax Compliance, Tax Planning, Uncategorized | Tagged , , , , , , , | Leave a comment

Sequestration Reduces Tax Refunds Due To Non-Profits

Non-profit organizations that filed Form 8941 claiming a refund against health insurance premiums paid by the organization will receive 8.7% less than the amount claimed. This reduction applies to all claims paid after March 1, 2013 and is a result … Continue reading

Posted in Akron Accounting Firm, Akron Certified Public Accountants, Business Professional, Business Tax Planning, Corporate Taxation, Internal Revenue Service, Non-Profit, Tax Compliance, Tax Planning | Tagged , , , , | Leave a comment

The Non-Profit Efficiency Factor – How efficient are you?

One of the most common questions posed by donors is “what will my contribution be used for?”  IRS form 990 and financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) requires expenses for charitable organizations to be reported … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Akron Ohio Community, Internal Revenue Service, Non-Profit, Tax Compliance | Tagged , , , , , | Leave a comment