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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

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.

Trump Signs Bipartisan IRS Reform Legislation into Law

On July 1, President Trump signed into law a sweeping, bipartisan IRS reform bill called the Taxpayer First Act ( P.L. 116-25). This legislation aims to broadly redesign the IRS . . .

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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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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