Deductible Expenses and Medicine
Medical expenses: What it takes to qualify deductible expenses Are your medical services and prescription drugs deductible expenses? You may be able to deduct some of your expenses on your…
Unemployment Tax Costs of Your Business
Understanding and controlling unemployment tax costs As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar…
Social Security Tax for Household Employees
Do You Pay Social Security Taxes for Your “Nanny” The “nanny tax” must be paid for more than just nannies You may have heard of the “nanny tax.” But even…
Ohio Income Tax Update
Ohio Income Tax Changes Resulting from Budget Agreement by: James Komos, CPA, CFP and Matt Laubscher Ohio’s substantial, $69.8 billion biennial budget bill was recently signed into law. The final…
You May Have to Pay Tax on Social Security Benefits
Your Payments May Be Taxed During your working days, you pay Social Security tax in the form of withholding from your salary. And when you start receiving Social Security benefits,…
Tax deadlines for businesses and other employers
Tax calendar 2019 Q3 Here are some of the key tax deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t…
Kids at day camp? You may be eligible for a tax break.
Camp can save you money on taxes Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense.…
Tax Return Filed? Still Have Questions?
Three Questions You May Have After you File Your Tax Return Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here…
Did You Get Your Tax Refund? You Might Not.
Check on your tax refund — and find out why the IRS might not send it It’s that time of year when many people who filed their tax returns in…
Where Did My Tax Deductions Go?
Some deductions may be smaller (or nonexistent) when you file your 2018 tax return The Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax…