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Parms + Company has completed our financial audit for the past two years. After speaking with a few companies who had experience with them, it was clear that Parms was highly recommended.  They have done a great job.  We have valued their counsel and have had a great experience with John and his team and I would gladly recommend them. - Bill Grindle CEO / Executive Director See Kids Dream

On the Plus Side

Parms + Company Blog

The Parms blog shares our insights about trending and time-tested topics that are important to our clients and the profession.

ISABELLE RIDGWAY FOUNDATION ANNOUNCES FIRST MAJOR GRANT

https://columbusfoundation.org/news-reports/news/isabelle-ridgway-foundation-announces-first-major-grant

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Columbus Dispatch ran the article and they quoted Ted Johnson.

https://www.dispatch.com/business/20190125/nonprofits-churches-may-get-hit-with-parking-tax

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New research finds provisions in 2017 tax law will cost places of worship thousands

WASHINGTON — New research commissioned by Independent Sector finds that new taxes on unrelated business income divert thousands of dollars from nonprofit missions to the federal government. The 2017 Tax . . .

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IRS Confirms Tax Filing Season to Begin January 28

IR-2019-01, January 7, 2019 WASHINGTON ― Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to . . .

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Guidance Issued on Nondeductible Portion of Parking Fringe Expenses and UBTI

Notice 2018-99; Notice 2018-100; IR-2018-247 The IRS has provided guidance and examples for calculating the nondeductible portion of parking expenses. In addition, the IRS has provided guidance to tax-exempt organizations . . .

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IRS Social Media

    IRS has launched an Instagram account to help taxpayers understand and meet their tax responsibilities. The IRS News account https://www.instagram.com/irsnews would provide taxpayers the latest information on a . . .

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Ohio’s minimum wage to increase in 2019

Ohio’s minimum wage is scheduled to increase on Jan. 1, 2019, to $8.55 per hour for non-tipped employees and $4.30 per hour for tipped employees, according to a news release . . .

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Workers’ Comp Update for Nonprofits

BWC ends mandatory coverage for Volunteer Officers of Nonprofits. New legislation recently went into effect that will have a positive on Ohio’s nonprofit organizations. Effective September 29, 2015, the Ohio . . .

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Do You Need to Pay Estimated Taxes?

Many of us may work, receive an income, and pay our taxes as we go through tax withholdings.  Pretty straight forward. However, there are other types of income sources that . . .

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Ted Johnson Appointed to OSDC Board of Directors

Parms + Company is pleased to announce the appointment of Theodore Johnson, Partner, as a new member of the board of directors for the Ohio Statewide Development Corporation (OSDC) as . . .

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I am a long-time and satisfied client of Parms + Company. When I first met John Parms and Ted Johnson, they were obviously very bright, aggressive and engaging. I knew then they would be a perfect fit for my accounting needs. Parms + Company have been an integral part of the growth and development of my law practice. They and their staff are always available to respond to their client’s needs. Not only do I utilize their services for my personal and business matters, I call upon them frequently to serve as an expert witness in forensic accounting. Their skill, reputation, and professionalism are assets in which I trust and rely. I highly recommend Parms + Company to anyone in need of skilled accounting services at an affordable price.

- Frederick D. Benton, Jr., Esquire