Articles

The NEW Ohio flat tax. Wait…. What?

Yep! You heard me correctly.  Ohio has a new flat tax.  Doesn’t affect everyone but it does affect people with Ohio Business income that is over the amount that can be deducted with that handy dandy Ohio Business Credit. What’s the Ohio Business Credit you ask? Well…..let me tell you.  If you have business income […]

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Identity Theft-RITA DATA BREACH!!!!

It’s a race to file.  Whoever files a tax return first with any given social security number is the one that initially gets a refund and the filing of your real tax return gets held up for quite some time.  Can’t happen to you?  Hmmmm……don’t be so sure. Just last week the Regional Income Tax Agency, […]

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Gas prices are down!

Well, we humans aren’t the only ones that has noticed that gas prices have gone down. According to WKYC.com, average Ohio gas prices have fluctuated quite a bit over the last 72 months, ranging from $4.15 to $1.82 per gallon, with this being a very good time for buying gas.  The IRS has noticed too of course. […]

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NEW (E)Mail-in Service!!!! Convenient, right?

You’re busy.  Getting your taxes done is no fun!  You have better things to do with your evenings after work. Right? We have a handy dandy (E)Mail-in Service that will save you time and stress. We can help!  Just take the following steps to have a stress-free, non-time consuming tax prep year AND get the […]

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EEEKKK!!! HB 5 Changes to Municipal Income Tax…

Just when we thought we all understood the thousands of intricacies of municipal tax code, they go and make changes to it. Anyone who does taxes can tell you that depending on the city where you work and the city where you live, there are different tax rates, tax credits, and so on and so […]

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HSA’s-Holiday Season Adventure? R U Ready?

You’ve got nothing to do this time of year right?  Diligently searching to find something to fill your time?  Well, maybe not…but still…… Here’s a little adventure for you to spend some time on…..think about an HSA.   It’s a bit of a Holiday Season Adventure figuring out the in’s and out’s of an HSA….a Health Savings Account.  Where […]

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EITC-The louder the house the higher the credit?

The Earned Income Tax Credit…… So, it depends…..got kids? If not, you may still qualify for a small amount. But the large dollars go to those with kids…..you get one amount for having one child and another, larger amount, for having 3 or more kids.  10 kids doesn’t get you anymore EITC than 3 kids, it just […]

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Tax Extenders ….a car to match your outfits!

So Congress still hasn’t approved the normal group of tax extenders….items they end up approving every year…at the end of the year… and making retroactive to the beginning of the year.  Reason for this?  They like to tack on extra stuff to get them passed with the package of extenders…..  eye roll.  Also, when they show […]

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Health Insurance-Better have it or else

Heard of Obamacare?  How about the penalty for not having Health Insurance all year?  Well, this year that penalty went up. It’s the greater of $325 per adult ($162.50 per child) or 2% of the household income that is over the tax filing requirement.  Maximum of $975 per family……YOWZA!!!!!     You can check out HealthCare.gov for […]

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Are you the Head of your Household or not?

This is often a confusing topic for people.  Some say “Well, I pay all the bills at my house so I must be Head of Household”, others “I’m married but we haven’t lived together for a long time, I must be single”.   Ummm…..no. There are actually lots of things to consider.   Head of Household also requires […]

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