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Parms + Company offers a personal approach to accounting services and shows genuine interest in our business. The fact that we’ve been a client of Parms + Company for 30 years is proof of their quality service. With larger firms, you’re just another client. But not with Parms + Company. They give us exceptional service, and we are happy to continue this successful relationship with them. - Sommerville Funeral Services Akron, Ohio

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

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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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I have trusted Parms + Company with all our tax and accounting needs for over a decade. I have always been very pleased with their professionalism, knowledgeably, flexibility and high degree of personal attention. Though I’m sure their roster is deep, they always make me feel like I am their only client. I consider John Parms a mentor, trusted advisor and a friend. He and the rest of his team keep us in good hands and on a good track. I look forward to having Parms + Company as a strong partner to Fine Citizens for may years to come. - Phil Wilson Founder, President & CEO Fine Citizens