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.
IRS Announces 2015 Limits for Retirement Plan Contributions
The IRS recently announced the maximum contribution amounts for 2015 which individuals can contribute to retirement savings accounts. 401(k)s The annual contribution limit for employees who participate in 401(k), 403(b) . . .
Ohio Employers: Are you getting a refund from BWC?
Another Billion Back! Ohio BWC plans on providing a one-time rebate to private employers. Since BWC’s investments continue to perform well, the BWC Board of Directors approved the plan for . . .
Gahanna May Owe Taxpayers Millions
Do you live in Gahanna? You may become eligible for a refund of income taxes previously paid. If a recent judgment against the city stands, Gahanna may have to refund . . .
How to Strategize Your Charitable Contributions
Charitable contributions provide the greatest flexibility for most people. This is because their timing is completely discretionary, as a rule. Just keep in mind that that gifts to charitable organizations . . .
Affordable Care Act: Are you in compliance?
Is your employer payment health plan in compliance with the Affordable Care Act? Employer payment health plans have been around for many years. Many small businesses offer employer payment health . . .
PCORI Fee: Do I have to file it?
Do you offer health insurance benefits? You may have to file yet another IRS form.What is the PCORI fee? The Affordable Care Act imposes a fee on specified health insurance . . .
Bureau of Workers’ Comp Deadlines Are Changing
BWC is changing the way it bills for workers’ compensation coverage – including deadlines you don’t want to miss. For decades, the agency has billed for employer premiums after-the-fact. It . . .
Ted Johnson wins award from OSCPA
The Ohio Society of CPAs honors our partner Ted Johnson for his exceptional contributions to the accounting profession. OSCPA will recognize Ted at their annual meeting to be held June . . .
IRS Introduces Penalty Relief for Small Retirement Plans
The Internal Revenue Service will begin a one-year pilot program in June to help small businesses with retirement plans that owe penalties for not filing reporting documents. By filing current . . .
3 Ways to Prepare For Your Financial Audit
For some, preparing for an audit can be a nerve-racking experience. Here are three ways to make your audit an easier experience. 1. Communicate – Communication with your auditors is . . .
Parms + Company has been ECDI’s auditing firm for 3 years and we have been pleased with our working relationship with the firm. As 501(c)(3) that receives in excess of $500,000 of Federal funding per year, this audit is critical to ECDI as it becomes our “scorecard to the world.”
- Steve Fireman
Economic and Community Development Institute