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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.

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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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 . . .

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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 . . .

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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 . . .

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I am a long-time and satisfied client of Parms + Company. When I first met John Parms and Ted Johnson, they were obviously very bright, aggressive and engaging. I knew then they would be a perfect fit for my accounting needs. Parms + Company have been an integral part of the growth and development of my law practice. They and their staff are always available to respond to their client’s needs. Not only do I utilize their services for my personal and business matters, I call upon them frequently to serve as an expert witness in forensic accounting. Their skill, reputation, and professionalism are assets in which I trust and rely. I highly recommend Parms + Company to anyone in need of skilled accounting services at an affordable price.

- Frederick D. Benton, Jr., Esquire