Login

When I was the Executive Director of the Central Ohio Community Improvement Corporation, Parms + Company served as our auditor. When I began as Executive Director, the books had been poorly maintained. Parms + Company provided invaluable assistance in helping me resolve this matter. I would recommend them whole-heartedly to everyone. - Joel Teaford Executive Director Central Ohio Community Improvement Corporation

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.

Theodore Johnson, CPA/CFF, CFE – quoted today in the Dispatch, click link below to read the article.

https://www.dispatch.com/business/20190404/tax-return-delay-waiting-to-last-second-to-visit-preparer-may-mean-youll-need-extension

see more

ISABELLE RIDGWAY FOUNDATION ANNOUNCES FIRST MAJOR GRANT

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

see more

Columbus Dispatch ran the article and they quoted Ted Johnson.

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

see more

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 . . .

see more

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 . . .

see more

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 . . .

see more

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 . . .

see more

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 . . .

see more

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 . . .

see more

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 . . .

see more

I bring my taxes to Parms + Company every year, and they are finished timely and professionally. They are true experts in what they do and are very proactive. I trust Parms. - Marco Sommerville Akron, Ohio