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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.

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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IRS New Process for Reinstating Tax-Exempt Status

Earlier this month, the Internal Revenue Service issued Revenue Procedure 2014-11, which deals with procedures for reinstating tax-exempt status of organizations that have had their exemption status automatically revoked for . . .

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IRS announces 2014 mileage rates

IRS announced the standard mileage reimbursement rates for 2014 for business, charitable, medical, or moving expenses. Beginning on January 1, 2014, the standard mileage rates for the use of an . . .

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Ohio Employers Lose 2013 FUTA Credit Reduction

Small Business across Ohio should prepare themselves for higher than normal federal unemployment tax (FUTA) liability for 2013. What is FUTA? Federal Unemployment Tax (FUTA) pays unemployment compensation to workers . . .

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City of Columbus Recognizes Parms + Company

Columbus City Council Member Pricilla Tyson presented John Parms and Timothy Grant with a Resolution of Expression from the City of Columbus.   This recognition is to honor and celebrate + . . .

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Ohio Minimum Wage to Increase

The Ohio has a new minimum wage rate effective January 1, 2014. The Ohio minimum wage rate will increase from $7.85 per hour to $7.95 per hour for non-tipped employees, . . .

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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