Latest From the Blog
Tax Tip of the Week | No. 317 | Changes You Need to Know About Credit Card Processing
“EMV” is shorthand for Europay, MasterCard and Visa, three major players that joined forces to create protocols for global payment card acceptance. The EMV system works with point-of-sale terminal and ATM manufacturers and credit card processors to ensure that new cards embedded with electronic chips work worldwide. It is the only effective and efficient technology now in use that can prevent payment card fraud on a global scale.
Tax Tip of the Week | No. 316 | No Theft on Worthless Stock, Says Court
The District Court for the Northern District of Ohio denied a couple’s theft loss deduction for the worthless stock they acquired as part of a “pump and dump” scheme.
Tax Tip of the Week | No. 315 | Make the Most of RMDs
When a person reaches age 70.5, and they have an IRA account, they must start taking Required Minimum Distributions (RMD) annually.
Tax Tip of the Week | No. 314 | Middle Class Families Shrink College Fund Contributions
Fewer parents are finding the money to save for their kids' college. And those who are saving, are saving less.
Tax Tip of the Week | No. 313 | Sales Tax Holiday
The state of Ohio recently enacted a one-time sales tax holiday to occur only in 2015. The holiday starts on Friday, August 7, 2015 at 12:01 a.m. and ends on Sunday, August 9, 2015 at 11:59 p.m.
Tax Tip of the Week | No. 312 | Casualty Loss Deductions
Living in the Midwest comes with plenty of perks. One of these perks is experiencing every season: gorgeous Autumns, frosty Winters, serene Springs, and blistering Summers. Unfortunately, Midwesterners also know severe weather all too well.