Tag Archives: Akron Accounting Firm

ONCE AGAIN OHIO WILL HAVE A SALES TAX HOLIDAY IN AUGUST 2017

Good News for Ohio Consumers – Once again S.B. 264 has enacted a one-time sales tax holiday to occur in 2016.  The holiday starts on Friday, August 5, 2016 at 12:01 a.m. and ends on Sunday, August 7, 2016 at 11:59 p.m. During the holiday, the following items are exempt from sales and use tax: […]

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

ONCE AGAIN OHIO WILL HAVE A SALES TAX HOLIDAY IN AUGUST 2016

Good News for Ohio Consumers – Once again S.B. 264 has enacted a one-time sales tax holiday to occur in 2016.  The holiday starts on Friday, August 5, 2016 at 12:01 a.m. and ends on Sunday, August 7, 2016 at … Continue reading

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

New Overtime Rules Issued: What it Means for You

A change in the rules governing overtime has been coming for two years, with a sneak preview of proposed modifications last year. But on May 18, the Department of Labor (DOL) came out with its new final rules, which take … Continue reading

Posted in Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, Department of Labor, DOL, Fair Labor Standards Act, Payroll, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

A New Lease on…Leases?

Here’s What Happened On February 25, 2016 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842).  An SEC finding in 2005 led to a joint effort between FASB and the International Accounting Standards … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, FASB, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

IRS Raises Tangible Property Expensing Threshold

Many businesses are uncertain how to account for costs to acquire, produce or improve property, plant and equipment. So, in 2013 the IRS issued regulations on capitalizing versus deducting the costs of tangible personal property. In 2014, the IRS added … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, Business Tax Planning, Corporate Taxation, Internal Revenue Service, QuickBooks, 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