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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

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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.

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 . . .

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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 . . .

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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 . . .

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IRS Announces 2015 HSA Limits

The 2015 deduction limits on contributions to a high-deductible health savings account for an individual with self-only coverage is $3,350, the Internal Revenue Service said April 23 in Revenue Procedure . . .

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My Taxes Are Filed – So What Should I Keep?

To toss or not to toss… that is the question! Now that you’ve completed your taxes for 2013, you’re probably wondering what old tax records can be discarded. If you . . .

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Unclaimed Funds Audit – Can you pass?

All businesses that operate in the State of Ohio, or hold funds due to Ohio residents, are required to file an Annual Report of Unclaimed Funds. We are seeing and . . .

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6 Facts About Home Office Deductions

Home Office Deductions now feature simpler options. If you work from home, you should learn the rules for how to claim the home office deduction. Starting this year, there is . . .

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Love Offerings: Taxable or Not?

Churches sometimes collect “love offerings” from the congregation for a pastor, visiting minister, volunteer, or staff member in recognition of services rendered. So, if a church takes up a love . . .

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Taxpayer Advocate’s Office – Provides a Helping Hand

The Taxpayer Advocate is an organization whose purpose is to intercede on behalf of taxpayers when they run into difficulty with the administrative processes of the Internal Revenue Service, especially . . .

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Ohio Sales Tax Increases

Have you been at the cash register recently and thought, "Hmmm, this seems a little more expensive than usual?"  You're right. Ohio local sales and use tax rates changed in . . .

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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