Month: March 2018
Gwyn Broski, CPA breaks down education credits and deductions.
Paying for college is expensive and finding ways to stretch your dollars can be difficult. Thankfully there are a few tax credits that can help you reduce your tax bill and the financial burden of higher education.
Credits
By far the most popular education credit is the American Opportunity Tax Credit (AOTC). This credit gives you the biggest benefit as long as you’re eligible. You can get an annual credit of $2,5 Read More >>
Lindsey Homan, CPA shares how you can prepare for an employee benefit plan audit.
Who is required to have an audit of their employee benefit plan?
The Employee Retirement Income Security Act of 1974 (ERISA) requires annual audits for companies that have 100 or more eligible participants in their 401(k) plan. If this sounds like your company, let’s make sure you are prepared for your upcoming audit.
How to prepare for an audit
It is important to be ready for an audit before your a Read More >>
Shirley Wu shares important updates for the Ohio Unemployment Insurance program.
Two important updates employers must note:
Quarterly Reports Must be Filed Online
- Beginning with the first quarter 2018 reports, which are due April 30, 2018, all quarterly state unemployment tax reports must be filed online. The reports can be filed either through the Employer Resource Information Center (ERIC) at eric.ohio.gov or the Ohio Business Gateway at business.ohio.gov.
Ta Read More >>
