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Parms + Company has completed our financial audit for the past two years. After speaking with a few companies who had experience with them, it was clear that Parms was highly recommended.  They have done a great job.  We have valued their counsel and have had a great experience with John and his team and I would gladly recommend them. - Bill Grindle CEO / Executive Director See Kids Dream

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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.

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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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 . . .

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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, . . .

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Parms + Company has proactively and professionally guided us through these audits and have made what can be an unpleasant and difficult process as productive as possible. Every audit is a teaching opportunity and John Parms and his team embraces this role always demonstrating a superior handle of the code and a unique ability to communicate clearly even to non-financial professionals. - Steve Fireman President Economic and Community Development Institute