Updated February 2022: College Savings Plans (529 Plans) can provide great tax benefits to people trying to save for their children’s or grandchildren’s college education. These plans can be set up for just about anybody though (a relative, friend or yourself)!
Month: August 2018
Chris Eichmuller, CPA explains what students can expect from their first accounting internship.
Today, many colleges require students to complete an internship as part of their course work to earn their degree. If you’re considering a career in accounting, landing an accounting internship will allow you to gain valuable experience and help to determine your ideal path after graduation.
What Does An Accounting Intern Do?
Typically, our internships run January through Read More >>
The IRS is strongly encouraging everyone to perform a “paycheck checkup” due to recent tax law changes. The Withholding Calculator helps you make sure you have the right amount of tax withheld from your paycheck.
According to the IRS, there are several reasons to check your withholding:
- Checking your withholding can help protect against having too little tax withheld and facing an unexpected tax bill or penalty at tax time next year.
- At the same time, with the average refund
Topic two rounds out our NFP Financial Reporting Changes series! To recap, in 2011 the FASB began a project to improve Not-for-Profits’ (NFPs’) financial reporting after concluding that the existing standards are sound but that it was time to determine improvements that could be made. In 2015, the FASB presented its findings/improvements to the public and received significant and mixed feedback. As a result the FASB decided to divide the project into two phases. Our ser Read More >>
Chris Eichmuller, CPA has information about the “Back to School” Ohio sales tax holiday.
Ohio’s annual tax holiday starts this Friday, August 3 and ends Sunday, August 5 at midnight. During this time, approved purchases are exempt from sales and use tax. Items that fall under the exemption are as follows:
- An item of clothing priced at $75 or less,
- An item of school supplies priced at $20 or less; and
- An item of school instructional material priced at $20 or less.
Keep in mi Read More >>
