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 . . .
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 . . .
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 . . .
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 + . . .
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, . . .
2014 Tax Season Delayed Due to Shutdown
Thanks to the government shutdown, you’ll have to wait to file your taxes this year. The IRS recently announced that the start of the 2014 tax season, which was scheduled . . .
Do You Barter? 3 Things to Know.
Do your remember the news story about Kyle MacDonald who, through a series of online trades, bartered his way from a paperclip to a house? While some of us think, . . .
Heads Up on ACA Notices
Beginning January 1, 2014, individuals and employees will be able to purchase health insurance coverage through the Affordable Care Act’s (ACA) health insurance exchanges, also known as the Health Insurance . . .
Ohio Tax Law Changes. Will Your Small Business Benefit?
Governor Kasich along with the Ohio General Assembly recently approved a new state budget that includes tax law changes. These changes will result in a $2.7 billion tax cut for . . .
Four Ways to a Clutter-Free InBox
If you’re like me, your InBox is a mysterious black hole filled with swirling emails. Picture the tornado scene in The Wizard of Oz, but with little email envelopes whirling . . .