Archive for - June, 2016

Elder planning strategies

Jun. 30, 2016

Cindy Kula, CPA/PFS, CFP® weighs in on the topic of discussing elder planning with clients in this AICPA Journal of Accountancy article, Afraid to bring up elder planning with your aging clients? […]

Summer job tax tips for students

Jun. 30, 2016

A summer job is a great way for students to earn spending money or to save for later. The following summer job tax tips for students should help alleviate any problems: Withholding […]

Why the Brexit matters to investors

Jun. 29, 2016

On June 23, citizens of the United Kingdom (England, Scotland, Wales, and Northern Ireland) voted to leave the European Union by a margin of 52 percent to 48 percent. Though pre-election […]

Business owners denied expense deduction for advances to their corporation

Jun. 22, 2016

Business owners, especially those who operate in corporate form, need to know that there is a difference between advancing business funds to cover anticipated expenses and being entitled to a […]

Don’t Let Fraud Consume Your Company presentation

Jun. 21, 2016

Tom Scharf will present “Don’t Let Fraud Consume Your Company” about fraud detection and deterrence at the Wooster Chamber of Commerce Educational Series on Thursday, July 28, from 11:30 – 1 […]

Walthall ranks as a Top Workplace

Jun. 20, 2016

We are proud to be recognized as a Plain Dealer Cleveland Top Workplace.  The evaluation for the Top Workplaces program is based upon feedback from an employee survey and companies […]

Funding of ACA cost-sharing payments unconstitutional

Jun. 15, 2016

A federal district has ruled that federal government funding of cost-sharing payments under Section 1402 of the Affordable Care Act to insurers is unconstitutional. The court found that the ACA […]

IRS to increase personnel by up to 700

Jun. 14, 2016

The IRS to increase personnel and hire up to 700 new enforcement personnel in the coming months.This is the first significant enforcement hiring initiative in more than five years. This will […]

Starting and running a business video

Jun. 13, 2016

From entity choice to tax considerations, Walthall CPAs lay out a blue print on starting and running a business in our new video. 

New law to affect federal tax returns with EITC and ACTC claims

Jun. 13, 2016

Effective in 2017, a new law requires the IRS to hold all Earned Income Tax Credit and Additional Child Tax Credit refunds until February 15. This is likely to affect some returns […]