Accounting Article Library

Landowners across Ohio have been coming to us with what we can only describe as a “good problem to have.” Oil or natural gas has been found below their properties and companies are interested in buying or leasing their mineral… read more

Ohio recently launched a new tax amnesty program. The General Tax Amnesty program, which started May 1, is a great opportunity for businesses with delinquent tax obligations to make a fresh start with the Ohio Department of Taxation. … read more

If your business is cash-strapped, you may turn to creative methods like bartering to pay the bills. If you can find other businesses with which to barter, it can be a great way to get what you need for your business and keep money in your… read more

The IRS has a new online search tool to help you verify the tax-exempt status of an organization. This will help you determine if an organization lost its tax exemption for failing to file a Form 990. Using the new tool, "Exempt… read more

If you are an employer with employer-owned life insurance contracts, you are required by the IRS to report information about it on Form 8925. You must include this form with your income tax return. This reporting requirement only applies to… read more

Lately we've been surprised by how many people are thinking about filing a gift tax return without a business valuation. We've had a few conversations with people who are under the impression that they don't need to attach a valuation of… read more

Now that you have filed for use tax amnesty and are all set up with an account, how are you going to track it daily going forward? If you use QuickBooks, the answer is as simple as 1-2-3. Set up a new "Other Current Liability" account… read more

If you’re expecting a federal tax refund this year, it could be delayed. The agency reports that new anti-fraud measures could slow the refund process by approximately one week. The IRS put new safeguards in place this tax season to… read more

This February, we are celebrating the 50th service anniversary of Nita Bates , a client service specialist in our New Philadelphia office. Nita has been with our firm her entire career, starting part-time while she was in college. The… read more