Important Tax Season Updates We Think You Should Know

Office Locations & Staff Search

Chardon | Mentor | Twinsburg | Middlefield | Burton

Refund Tracker Make a Payment Client Portal Contact Us

Refund Tracker Make a Payment Client Portal Contact Us

News

Select a Category

Tax Advice Small Business

Home › News

Infographic: It's Never Too Early to Save for Retirement

August 10, 2021

Fun fact: A summer job may enable your teen to contribute to a Roth IRA.
For Small Businesses: Getting a New Business Off the Ground

August 10, 2021

Business applications have increased over the past year, according to the U.S. Census Bureau. If you’re launching a business, here’s how start-up expenses are treated on a federal tax return.
Tax Advice: Why It May Be Hard to Deduct Interest for Student Debt

July 28, 2021

Student loan interest is deductible for some borrowers subject to certain limits. Find out if you qualify.
For Small Businesses: On the Deductability of Corporate Expenses

July 28, 2021

If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the business can deduct the expense. Here are the rules.
Tax Advice: On the Future of "Step-Up" Rules

July 28, 2021

Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.
NMS News: Merging with Kathleen J Miller + Associates

July 19, 2021

NMS is excited to announce a merger effective July 19 with Kathleen J. Miller + Associates, Inc.
Tax Advice: A Word on Managing Your Own Investment Portfolio

July 18, 2021

Are you an investor or a trader? The difference is important for tax purposes.
For Small Businesses: Who Can Be Hit With "Trust Fund Recovery Penalty"?

July 18, 2021

The IRS will impose the “Trust Fund Recovery Penalty” on certain business owners and managers personally if employment taxes aren’t paid to the government. Find out if you could be liable.
Tax Advice: IRS Audits May Be Increasing, So Be Prepared

July 8, 2021

An IRS audit seems scary but may be nothing to worry about. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help come out of an audit with a favorable result.
For Small Businesses: 10 Facts About the Pass-Through Deduction

July 8, 2021

Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. Here’s how much it’s worth and who is eligible.
Tax Advice: Nonworking Spouse? Still Contribute to an IRA?

June 29, 2021

Married spouses who don’t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs.
For Small Businesses: Claim the Employee Retention Tax Credit If Eligible

June 29, 2021

If your business hasn’t already claimed the Employee Retention Tax Credit, you should check out if you’re eligible. The money can help with the costs you incur in hiring and retaining employees during the pandemic.
For Small Businesses: Traveling Again? What Can You Deduct?

June 27, 2021

On the road again for business? Here’s a rundown of costs you can deduct for business travel.
Tax Advice: Seniors May Be Able to Write Off Medicare Premiums

June 25, 2021

If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want. But you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.
Infographic: Is Your Business Eligible for the ERC?

June 25, 2021

What you need to know now about the employee retention credit.
For Small Businesses: 2021 Q3 Tax Calendar Key Deadlines

June 16, 2021

Although you might want to enjoy the lazy days of summer, employers and businesses should be careful not to miss these third quarter 2021 tax deadlines.
Tax Advice: Tax-Favored Ways to Build Up a College Fund

June 16, 2021

Your college savings can go farther with tax-favored vehicles. Here are some options.
Tax Advice: Retiring Soon? 4 Tax Issues You May Face

June 9, 2021

Tax planning is still important after you retire. Check out these tax implications of retirement.
For Small Businesses: DOs & DON'Ts for Meal, Vehicle Expense Recordkeeping

June 8, 2021

Keeping meticulous business records for meal and vehicle expenses can protect your tax deductions. Here are some DOs and DON’Ts.
For Small Businesses: Reap Benefits for Hiring Your Minor Children This Summer

June 4, 2021

Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to work at your business. You’ll save taxes and realize other benefits.
Tax Advice: Planning for the 3.8% Net Investment Income Tax

June 4, 2021

If you’re subject to the 3.8% net investment income tax, you should include it in your tax planning. Here is who the tax applies to and some strategies to minimize it.
Tax Advice: Advance Tax Credit Payments for Many Parents Start July 15

May 25, 2021

About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.
For Small Businesses: IRS Announces 2022 Amounts for HSAs

May 25, 2021

Businesses that provide Health Savings Accounts to employees know they have a variety of benefits. Here are a few of them, along with the inflation-adjusted amounts for the 2022 calendar year.
For Small Businesses: An S Corp Could Cut Your Self-Employment Tax

May 24, 2021

Business owners that operate as an S corporation are subject to income tax, but not self-employment tax, on their share of the entity’s income. Here’s how the rules work.
For Small Businesses: Basic Rules on Employee vs Independent Contractor

May 19, 2021

Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here are the basic rules to help keep you out of tax trouble.

« Previous 25 Next 25 »

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

BBB

All Rights Reserved 2022, NMS, Inc. | Privacy | Admin Login | Digital Marketing & Paid Search Advertising by Alt Media Studios