Archive for - June, 2014

Small Business Health Care Tax Credit

Jun. 30, 2014

If you are a small employer with fewer than 25 full-time equivalent employees, pay an average wage of less than $50,000 (as adjusted for inflation beginning in 2014) a year, and pay […]

Self-employment tax

Jun. 30, 2014

Taxpayers who are self-employed must pay self-employment tax on their income from self-employment. This tax applies in lieu of Federal Insurance Contributions Act (FICA) taxes paid by employees and employers […]

Summer raffles for nonprofit organizations

Jun. 26, 2014

An organization held a raffle this summer and your name was just chosen as the winner of a brand new car! You take possession of the car and then find […]

Upcoming Semi-weekly Deposit Period Will Require Two Separate Deposits

Jun. 24, 2014

Semiweekly depositors with pay dates that occur either between June 28-30, 2014, and on July 1, 2014, will need to make two separate tax deposits on Monday, July 7, 2014  […]

Trusts and estates must allocate “bundled fees”

Jun. 23, 2014

The IRS has issued final regulations relating to whether deductions of estates and trusts are subject to the 2 percent of adjusted gross income floor. The most controversial item for the […]

Weisinger named NACVA and CTI 40 Under Forty Honoree

Jun. 23, 2014

CLEVELAND – Walthall CPAs is proud to announce that Paul Weisinger, partner, was named an honoree at the inaugural National Association of Certified Valuation Analysts and Consultants’ Training Institutes’ 40 […]

What are the current amounts of employer-provided tax-free transit benefits?

Jun. 22, 2014

Transit incentives are a popular transportation fringe benefit for many employees. Although the costs of commuting to and from work are normally not tax-deductible, transportation fringe benefits help to offset […]

Prep for College with a 529 Plan

Jun. 20, 2014

This is the time of year when students begin thinking about college. They go on tours, start working on applications and begin dreaming of what college life will be like. […]

Planning to sell your business in the next three to four years?

Jun. 19, 2014

Planning to sell your business in the next three to four years? (Crain’s Cleveland Dealmaker Blog – Thomas Scharf)

Ohio Bureau of Workers’ Compensation moves to Prospective Billing

Jun. 18, 2014

A little more than a year from now – July 2015 – the Ohio Bureau of Workers’ Compensation will transition from a retrospective billing system to a prospective billing system […]