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Five tax implications of divorce

If you’re getting a divorce, you know it can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are five issues to consider.

Businesses will soon be able to deduct more under the standard mileage rate

Business owners: Are high gas prices getting you down? The IRS is providing some relief by raising the optional standard mileage rate for the last six months of 2022.

Warning for retailers and other businesses using the LIFO method

Normally, the last-in, first-out (LIFO) accounting method is an effective way to defer taxes. But beware: Retailers and other businesses that use this method could be hit with an unexpected tax bill if their inventory shrinks significantly due to supply chain issues.

Your estate plan: Don’t forget about income tax planning

With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs.

Is your corporation eligible for the dividends-received deduction?

The “dividends-received deduction” may take some of the bite out of a C corporation’s tax bill. Here’s how.

Private business owners: Don’t wait until year end to evaluate financial performance

The year is almost half over. Is your business on track to meet its goals for 2022? Interim financial reporting can help gauge your progress.

Social Security benefits: Do you have to pay tax on them?

Some people are under the misconception that Social Security benefits are always free from federal income tax. So they may be surprised to learn that benefits may be taxed in retirement. Here are the rules.

Help when needed: Apply the research credit against payroll taxes

Small businesses and start-ups engaging in research activities: Here’s a way to save on payroll taxes

Dig deeper! Find hidden treasure in financial statement footnotes

Exploring financial statement footnotes can be a rewarding endeavor.

Is it a good time for a Roth conversion?

If the value of your portfolio is down, you may want to turn the stock market downturn into a tax-saving opportunity. How? By converting a traditional IRA into a Roth IRA.

2020 W-4 Withholding Estimator

Five tax implications of divorce

by eseco | June 23, 2022 | Individual Tax | 0 Comments

If you’re getting a divorce, you know it can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are five issues to consider.

Businesses will soon be able to deduct more under the standard mileage rate

by eseco | June 23, 2022 | Small Business Tax | 0 Comments

Business owners: Are high gas prices getting you down? The IRS is providing some relief by raising the optional standard mileage rate for the last six months of 2022.

Warning for retailers and other businesses using the LIFO method

by eseco | June 23, 2022 | Accounting & Audit | 0 Comments

Normally, the last-in, first-out (LIFO) accounting method is an effective way to defer taxes. But beware: Retailers and other businesses that use this method could be hit with an unexpected tax bill if their inventory shrinks significantly due to supply chain issues.

Your estate plan: Don’t forget about income tax planning

by eseco | June 16, 2022 | Individual Tax | 0 Comments

With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs.

Is your corporation eligible for the dividends-received deduction?

by eseco | June 16, 2022 | Small Business Tax | 0 Comments

The “dividends-received deduction” may take some of the bite out of a C corporation’s tax bill. Here’s how.

Private business owners: Don’t wait until year end to evaluate financial performance

by eseco | June 16, 2022 | Accounting & Audit | 0 Comments

The year is almost half over. Is your business on track to meet its goals for 2022? Interim financial reporting can help gauge your progress.

Social Security benefits: Do you have to pay tax on them?

by eseco | June 10, 2022 | Individual Tax | 0 Comments

Some people are under the misconception that Social Security benefits are always free from federal income tax. So they may be surprised to learn that benefits may be taxed in retirement. Here are the rules.

Help when needed: Apply the research credit against payroll taxes

by eseco | June 10, 2022 | Small Business Tax | 0 Comments

Small businesses and start-ups engaging in research activities: Here’s a way to save on payroll taxes

Dig deeper! Find hidden treasure in financial statement footnotes

by eseco | June 10, 2022 | Accounting & Audit | 0 Comments

Exploring financial statement footnotes can be a rewarding endeavor.

Is it a good time for a Roth conversion?

by eseco | June 2, 2022 | Individual Tax | 0 Comments

If the value of your portfolio is down, you may want to turn the stock market downturn into a tax-saving opportunity. How? By converting a traditional IRA into a Roth IRA.

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Monday – Friday: 8:00 AM – 4:30 PM

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Contact Us

Phone: 419.223.3075
Fax: 419.222.8507

askus@esevans.com

205 West Elm Street, Lima, OH 45801

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Your most trusted business advisor.

}

Hours

Monday – Friday: 8:00 AM – 4:30 PM

w

Contact Us

Phone: 419.223.3075
Fax: 419.222.8507

askus@esevans.com

205 West Elm Street, Lima, OH 45801

A

Client Login

Click here to login to our secure portal.

Your most trusted business advisor.

Maximizing your success in a changing world.

Built from the past, working in the present, preparing for the future.

A pillar of the Lima community since the 1920’s, our firm provides professional accounting and advisory services to the Greater Lima Region and beyond. Our collective expertise, experience, and education can prove invaluable to your success.

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Tax Planning & Preparation

Tax planning and compliance is of the utmost importance to our firm. Our years of experience along with our pro-active approach allow us to provide our individual and business clients with the tax expertise and knowledge that they deserve. We will work with you to minimize both your current and future tax liabilities.

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Accounting & Auditing

We offer complete accounting and auditing services. We prepare financial statements, perform traditional audits, reviews, compilations and prepare projections and forecasts.

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We advise clients on a wide variety of individual and business needs including, but not limited to, business valuations and succession planning, long range and strategic planning, accounting system implementation, internal control structure review, and fraud examination needs.

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Five tax implications of divorce

Jun 23, 2022

If you’re getting a divorce, you know it can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are five issues to consider.

Businesses will soon be able to deduct more under the standard mileage rate

Jun 23, 2022

Business owners: Are high gas prices getting you down? The IRS is providing some relief by raising the optional standard mileage rate for the last six months of 2022.

Warning for retailers and other businesses using the LIFO method

Jun 23, 2022

Normally, the last-in, first-out (LIFO) accounting method is an effective way to defer taxes. But beware: Retailers and other businesses that use this method could be hit with an unexpected tax bill if their inventory shrinks significantly due to supply chain issues.