Tag Archives: Akron CPA Firm

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

Posted on June 29, 2017 by akroncpa

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: […]

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 Akron, Akron Accountants, Akron Accounting Firm, Akron Certified Public Accountants, Akron CPA, Akron CPA Firm, Akron CPAs, Akron Ohio Certified Public Accountants, Akron Ohio CPA, Akron Ohio CPAs, Akron Ohio Tax Accountants, Akron Tax, Certified Public Accountant, Certified Public Accountants, Corporate Taxes, CPA, Exempt From Sales and Use Tax, Exempt From Sales Tax, Levin Swedler Kennedy, Ohio, Ohio Consumers, Ohio CPA, Ohio CPA Firm, Ohio Department of Taxation, Ohio Sales Tax, Ohio Sales Tax Holiday, Retailers, Sales and Use Tax, Sales Tax Return, School Shopping, School Supplies, State and Local Tax | Leave a comment

Levin Swedler Kennedy Year-End Tax Planning for 2016

Posted on November 16, 2016 by akroncpa

With the Presidential and Congressional elections of 2016 behind us and the end of the year approaching, now is a prudent time to consider tax planning strategies to reduce your tax bill for 2016 and possibly future years. The results … Continue reading →

Posted in Akron Certified Public Accountants, Business, Business Owners, Business Tax Planning, Corporate Taxation, Internal Revenue Service, Ohio Business Taxation, Ohio Department of Taxation, Payroll, State and Local Tax, Tax Compliance, Tax Planning, Taxation, Uncategorized | Tagged 2016 Planning, Akron CPA Firm, akroncpa, Alternative Minimum Tax, AMT, Annual Gift Tax Exclusion, Business Tax, Certified Public Accountants, Corporate Tax, Corporate Taxation, Deminimus Safe Harbor Election, Domestic Production Activities Deduction, DPAD, Estate Tax Exemption, Federal Tax Policy, HB5, Higher Income Individuals, IRS, Levin Swedler Kennedy, LSK, Ohio, Roth IRA Conversion, Schedule C, Section 179, Tax, Tax Breaks, Tax Planning, Tax Provisions, Taxes, Traditional IRA | Leave a comment

FIRST OF THE BABY BOOMERS START REACHING THEIR SEVENTIES, REQUIRED MINIMUM DISTRIBUTIONS FROM RETIREMENT ACCOUNTS WILL RISE

Posted on July 19, 2016 by akroncpa

It is estimated that each year about 4 million Americans born during the 1946-1965 “baby boom” period in the United States will turn age 70 ½ for the next twenty years. For people who hold assets either in traditional IRA … Continue reading →

Posted in 401 (k) plan, 403 (b) plan, Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Internal Revenue Service, Uncategorized | Tagged 401 (b) plan, 401 (k) plan, 70 1/2, Akron, Akron Accountants, Akron Accounting Firm, Akron Certified Public Accountants, Akron CPA, Akron CPA Firm, Akron CPAs, Akron Ohio Certified Public Accountants, Akron Ohio CPA, Akron Ohio CPAs, Annual Minimum Distributions, Baby Boomers, Certified Public Accountant, Certified Public Accountants, CPA, Distribution Year, Fair Market Value, Financial Institutions, Financial Planning, Income Bunching, Internal Revenue Service, IRS, Levin Swedler Kennedy, Nest Egg, Non-IRA Account, Ohio, Ohio CPA, Ohio CPA Firm, Qualified Defined Contribution Retirement Accounts, Qualifying Annuity Products, Required Minimum Distributions, Retire, Retirement Accounts, RMD, Rollover, Sole Beneficiary, Tax-Favored Retirement Accounts, Traditional IRA Accounts | Leave a comment

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

Posted on June 21, 2016 by akroncpa

New Overtime Rules Issued: What it Means for You

Posted on June 8, 2016 by akroncpa

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 Akron, Akron Accountants, Akron Accounting Firm, Akron Certified Public Accountants, Akron CPA, Akron CPA Firm, Akron CPAs, Akron Ohio Certified Public Accountants, Akron Ohio CPAs, Akron Ohio Tax Accountants, Certified Public Accountant, Certified Public Accountants, CPA, Department of Labor, Employee, Levin Swedler Kennedy, non-exempt, Ohio, Ohio CPA Firm, Overtime, Payroll | Leave a comment

A New Lease on…Leases?

Posted on May 31, 2016 by akroncpa

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 Akron Accountants, Akron Accounting Firm, Akron Certified Public Accountants, Akron CPA, Akron CPA Firm, Akron CPAs, Akron Ohio Certified Public Accountants, Akron Ohio CPAs, ASU 2016-02, Capital Leases, Certified Public Accountant, Certified Public Accountants, CPA, FASB, Footnote Disclosure Requirements, Land Leases, Leased Office Space, Leases, Levin Swedler Kennedy, Machinery and Equipment Leases, Ohio CPA Firm, Operating Leases | Leave a comment

Why an Estimated Tax Checkup may be in Order

Posted on May 17, 2016 by akroncpa

It’s not a major disaster if you owed some money when you filed your 2015 return-after all, you’d rather have the use of the funds for as long as possible. A scenario you want to avoid is having to pay a … Continue reading →

Posted in Business Owners, Internal Revenue Service, Tax Planning, Taxation | Tagged Akron CPA, Akron CPA Firm, Certified Public Accountants, CPA, Estimated Tax, Income Tax, IRS, Levin Swedler Kennedy, Tax Planning | Leave a comment

Last Minute Change for New Forms Affecting 2015 Form 1040 Taxpayers

Posted on January 12, 2016 by akroncpa

During the first quarter of 2016, you may receive one or more of the new health care coverage information forms to help you prepare your 2015 Form 1040. The new forms are: Form 1095-A – Only individuals who enrolled in 2015 coverage through … Continue reading →

Posted in Affordable Care Act, Akron Accounting Firm, Akron Certified Public Accountants, Akron Ohio Community, Business, Business Owners, Business Professional, Corporate Taxation, Internal Revenue Service, Tax Compliance, Taxation | Tagged Affordable Care Act, Akron Accountants, Akron CPA, Akron CPA Firm, Akron CPAs, Akron Ohio Certified Public Accountants, Certified Public Accountants, CPA, CPA Firm, Form 1095, Health Insurance, Internal Revenue Service, IRS, Levin Swedler Kennedy | Leave a comment

IRS Raises Tangible Property Expensing Threshold

Posted on December 9, 2015 by akroncpa

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 Akron Accounting Firm, Akron CPA, Akron CPA Firm, Akron Ohio Certified Public Accountants, Akron Ohio Tax Accountants, Certified Public Accountants, CPA, De Minimis Safe Harbor, Fixed Assets, Internal Revenue Service, IRS, Levin Swedler Kennedy, Tangible Property Regulations, Tax Deduction, Tax Savings | Leave a comment

Levin Swedler Kennedy Year-End Tax Planning for 2015

Posted on December 4, 2015 by akroncpa

As the end of 2015 approaches, now is a good time to consider planning moves that will help lower your tax bill for this year and into the future. Tax planning is a proactive and on-going process, this time of … Continue reading →

Posted in Business Owners, Business Tax Planning, Corporate Taxation, Internal Revenue Service, Ohio Business Taxation, Ohio Department of Taxation, Tax Compliance, Tax Planning, Taxation | Tagged Akron CPA Firm, akroncpa, business, Certified Public Accountants, Corporate Taxation, Corporate Taxes, Internal Revenue Service, IRS, Levin Swedler Kennedy, Ohio, Roth IRA Conversion, Tax Planning, Taxation, Taxes, Traditional IRA | Leave a comment