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IMPORTANT: We continue to have limited physical office hours, currently set as Monday-Thursday 9:00-4:00, and Friday’s are By Appointment Only.  With our varying staff levels, our phones do have additional hours of coverage, so please feel free to call. We still welcome you to pre-schedule a visit with our team as we would be happy to provide any one on one you may need!

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Crowdfunding Raises Tax Issues

Sep 21, 2016 | Taxes

Raising funds in small amounts from a large pool of people, also known as crowdfunding, has become a popular way for budding entrepreneurs to drum up the working capital for pet projects. It seems like everyone from twenty-somethings to stay-at-home parents to...

What’s New With Able Accounts?

Aug 31, 2016 | Finances, Taxes

Remember the Achieving a Better Life Experience (ABLE) Act, which was passed in 2014 and authorized tax-favored savings accounts for people with disabilities? Proposed regulations issued in 2015 provided a blueprint for creating these ABLE accounts and authorized the...

Close Is Not Good Enough With New Reporting Rules

Aug 3, 2016 | Business, Taxes

  The old adage “close only counts in horseshoes” is an accurate reflection of the new IRS information reporting rules. Beginning with 2016 returns, due dates for Forms W-2 and certain Forms 1099 have been moved up, and the penalties for late or...

How To Pay Yourself As A Business Owner

Jul 27, 2016 | Business, Finances, Taxes

  Are you a new business owner? You may be wondering how to pay yourself from your business. The answer depends on the way your business is set up. Here are common methods for making payments to business owners. Corporations. If you own a traditional C...

Video: Organizing Your Data To Save Time, Cost And Tax Dollars

Jun 29, 2016 | Taxes

Misty Aschenbach, CPA, presents at the Fostering Entrepreneurial Business Education Networking Group (FEBE). FEBE was launched by a partnership of innovation Organizations at Lorain County Community College to help entrepreneurs of Northeast Ohio expand their...

Real Estate Matters: Know The Tax Rules

May 6, 2016 | Taxes

Taxes are an important part of the decision to own real estate. Here’s a brief overview of tax benefits you can realize while you own real property, as well as when you sell or otherwise dispose of the property. Current expenses. As a rental property owner, you...