Confirming Your Identity with the IRS
When taxpayers have a question, they should first try going to IRS.gov. The Let Us Help You page is a great way to quickly answer tax questions. If you call […]
Category: Articles
The ‘ESG’ Transformation: Redefining Success in a Changing Business Marketplace
While financial results and solid fundamentals remain vital benchmarks of business success, many companies today are embracing environmental, social and governance (ESG) issues as key elements in their strategic plans. […]
How to Treat Business Website Costs for Tax Purposes
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that generally apply to the deductibility […]
Valuators Know How to Evaluate Compensation Levels
Reasonable (or replacement) owners’ compensation can be a hot button during IRS audits, divorces, shareholder disputes and other litigation matters involving the value of a private business. What’s appropriate depends […]
Three Tax Breaks for Small Businesses
Bigger isn’t always better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. QBI deduction For 2018 […]
Ohio Agency Nursing Usage Increases $203 million in 2021
It is no secret that nursing facilities (NF) nationwide are in the midst of a severe staffing crisis that has been exacerbated by the pandemic. We’ve had many conversations with […]
5 Ways to Stop Employees From Colluding in Fraud
What happens if two or more individuals in your organization collude to commit fraud? According to the Association of Certified Fraud Examiners’ (ACFE’s) 2022 Report to the Nations, fraud losses […]
It’s an Important Distinction – Are You Participating in a Hobby or Running a Business?
Is your hobby actually a business? While it may sound like semantics, the IRS notes that it’s an important distinction when it comes to taxes. Moreover, some hobbies should actually […]
July 1, 2022 Ohio ICF Medicaid Rates
The Ohio Department of Developmental Disabilities (DODD) has finalized the fiscal year (FY) 2023 Medicaid rates for Ohio Intermediate Care Facilities for Individuals with Intellectual Disabilities (ICF) effective 7/1/2022 to […]
July 1, 2022 Ohio NF Medicaid Rates
The Ohio Department of Medicaid (ODM) has finalized the fiscal year (FY) 2023 Medicaid rates for Ohio nursing facilities (NF) effective 7/1/2022 to 12/31/2022 using the provisions in the biennium […]
Is your nonprofit paying enough attention to Generation Z?
Has your nonprofit embraced Gen Z yet? Do you even know anything about Gen Z? Gen Z is spearheading social movements, volunteering for causes and making charitable donations. If your […]
Even if you close your business, you may still have tax obligations
Many businesses were forced to shut down recently due to the pandemic and the economy. A business must file a final income tax return and some other related forms for […]
