Latest From the Blog
Your Lawfully Wedded Business Partner?
This week’s article takes a look at a decision that could make or break your business—and your marriage. Going into business with your spouse comes with many unique advantages and disadvantages, and it can be hard to navigate between the two. Since you spend a lot of time together, you will have plenty of time to think over and discuss business decisions, but that work can get in the way of your relationship. This article goes through it all and offers expert opinion on how to make the most of working with your spouse.
Fight the Bear Market With a Roth IRA
This week’s article takes a look at an animal investors might prefer to come face to face with in the wild than in the stock market: the bear. One silver lining of a sinking stock market is that it puts Roth IRA conversions on discount. This article provides a highly detailed comparison of the tax implications of traditional IRAs and Roth IRAs so that you can determine if a conversion can help you make the most of this downturn
Taxes for Military Retirees
For the abundance of current and former armed service members here in Dayton and beyond, this article looks at the 10 states where retired veterans receive the least in tax benefits. Many states offer tax breaks for retirees and have additional tax breaks for veteran pensions while others do not. This article raises important questions for veterans to consider in their retirement planning.
New Rules on Ohio LLCs
This week’s article highlights some key parts of the Ohio Revised Limited Liability Company Act which took effect on February 11th. It constitutes the biggest change to Ohio’s LLC law since its inception in 1994. It is a good starting point for LLC owners in understanding the biggest changes and offers key takeaways at the end to avoid any missteps in adjusting to the new rules.
Last Year's Biggest Tax Crime Stories
For the tax nerds who love crime stories, this week’s article covers the 10 biggest IRS criminal cases of last year. From applying for 150 PPP loans to unlicensed cryptocurrency exchanges, there are some exciting cases here. Just don’t get any ideas - these people made the list because they got caught.
Everyone's Favorite Pastime: Trying to Reach the IRS
Just in case you need a reminder on how wonderful it can be to deal with the IRS, this week’s article goes through the experience of WSJ writer Laura Saunders waiting in line at the IRS for 5 and a half hours after being unable to reach them by phone and highlights the staffing and funding issues of the organization. It demonstrates one of the best parts of having an accountant: Someone to contact the IRS for you!