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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
ACA: The Employer Mandate Is Here
After controversy, debate, and delays, the Employer Mandate has arrived. This provision of the Affordable Care Act (also known as the “Play or Pay” provision) requires all employers with 50 . . .
Tax Time: 3 Things You Need To Give the Tax Preparer
Tax season is here and you’ve made your appointment to come in and get your taxes done. Great! Now it’s time to start gathering all the documentation you will need . . .
Minimum Wage To Increase January 1st
Beginning Friday, January 1, Ohio's minimum wage will increase to $8.10 an hour. The Federal Labor Standards Act (FLSA) contains minimum wage provisions which most employers in the U.S. are . . .