We have had an increase number of clients contacting us about identity theft. A few of our clients have received an IRS 5071C letter, and we’ve received many questions. Here’s what you need to know. What is a 5071C letter? The IRS is stepping up to prevent tax fraud. The IRS may send a Letter […]
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 […]
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 […]
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 […]
