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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 President Economic and Community Development Institute

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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.

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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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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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 President Economic and Community Development Institute