Archive for - October, 2014

Business expense deduction for some local lodging for employees

Oct. 29, 2014

The IRS recently issued final regulations allowing a business expense deduction for some local lodging for employees. Local lodging is usually not considered a business-related expense but a personal one […]

Like-kind Exchange

Oct. 27, 2014

A like-kind exchange is a transaction or series of transactions that allow for the disposal of an asset and the acquisition of another replacement asset without generating a tax liability […]

2015 retiree COLA to be 1.7 percent

Oct. 23, 2014

The annual cost-of-living adjustment or COLA was announce on October 23. It is 1.7 percent for 2015. Monthly Social Security benefits will increase by this amount in 2015. Other amounts […]

Year End Tax Planning

Oct. 22, 2014

Now is the time to begin your year end tax planning. Despite many expired tax breaks that Congress has yet to reinstate, there are still many options to keep in […]

1/3 of small businesses fail due to employee fraud

Oct. 21, 2014

Fraud is a violation of trust, and organizations have the most control over the characteristic of “opportunity.” Detection and deterrence is key. Educate yourself sooner rather than later. Know the […]

Walthall CPAs aims to grow in Lorain County

Oct. 20, 2014

Walthall CPAs business spotlight in the Morning Journal

Opening the Doors of Communication Through the ‘Taxpayer Bill of Rights’

Oct. 17, 2014

Cindy Kula’s article in October 2014 issue of OSCPA Voice (page 6)

National Estate Planning Awareness Week!

Oct. 16, 2014

The third week in October has been designated as National Estate Planning Awareness Week.  So many times this aspect of financial planning is overlooked by individuals. Estate planning is not just […]

National Estate Planning Awareness Week Oct. 20-26

Oct. 15, 2014

Congress designated the third week in October as National Estate Planning Awareness Week. Estate planning is one of the ignored areas of personal financial management.More than 120 million Americans do not have […]

Plan to expand in Ohio? The InvestOhio Program may help

Oct. 14, 2014

The InvestOhio Program was instituted to spur capital investment in Ohio’s small businesses. The Ohio Development Services Agency allotted $100M in tax credits in 2013 for the State of Ohio […]