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Retiring soon? 4 tax issues you may face

Tax planning is still important after you retire. Here are some of the tax implications of retirement.

Recordkeeping DOs and DON’Ts for business meal and vehicle expenses

Keeping meticulous business records for meal and vehicle expenses can protect your tax deductions. Here are some DOs and DON’Ts.

Hit or miss: Is your working capital on-target?

There’s a fine line between carrying excessive amounts of working capital and operating too lean. Efficient operations hinge on finding your organization’s target working capital.

Plan ahead for the 3.8% Net Investment Income Tax

If you’re subject to the 3.8% net investment income tax, you should include it in your tax planning. Here is who the tax applies to and some strategies to minimize it.

Hiring your minor children this summer? Reap tax and nontax benefits

Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to work at your business. You’ll save taxes and realize other benefits.

How to strengthen your internal controls

A strong internal control system can protect your organization from a variety of risks, including recordkeeping errors and employee theft. Here are three basic controls that you should take a look at annually.

Many parents will receive advance tax credit payments beginning July 15

About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.

The IRS has announced 2022 amounts for Health Savings Accounts

Businesses that provide Health Savings Accounts to employees know they have a variety of benefits. Here are a few of them, along with the inflation-adjusted amounts for the 2022 calendar year.

Using your financial statements to evaluate capital budgeting decisions

Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating capital investment decisions can help get the biggest bang for your buck.

An S corporation could cut your self-employment tax

Business owners that operate as an S corporation are subject to income tax, but not self-employment tax, on their share of the entity’s income. Here’s how the rules work.

2020 W-4 Withholding Estimator

Retiring soon? 4 tax issues you may face

by eseco | June 11, 2021 | Individual Tax | 0 Comments

Tax planning is still important after you retire. Here are some of the tax implications of retirement.

Recordkeeping DOs and DON’Ts for business meal and vehicle expenses

by eseco | June 11, 2021 | Small Business Tax | 0 Comments

Keeping meticulous business records for meal and vehicle expenses can protect your tax deductions. Here are some DOs and DON’Ts.

Hit or miss: Is your working capital on-target?

by eseco | June 11, 2021 | Accounting & Audit | 0 Comments

There’s a fine line between carrying excessive amounts of working capital and operating too lean. Efficient operations hinge on finding your organization’s target working capital.

Plan ahead for the 3.8% Net Investment Income Tax

by eseco | June 4, 2021 | Individual Tax | 0 Comments

If you’re subject to the 3.8% net investment income tax, you should include it in your tax planning. Here is who the tax applies to and some strategies to minimize it.

Hiring your minor children this summer? Reap tax and nontax benefits

by eseco | June 4, 2021 | Small Business Tax | 0 Comments

Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to work at your business. You’ll save taxes and realize other benefits.

How to strengthen your internal controls

by eseco | June 4, 2021 | Accounting & Audit | 0 Comments

A strong internal control system can protect your organization from a variety of risks, including recordkeeping errors and employee theft. Here are three basic controls that you should take a look at annually.

Many parents will receive advance tax credit payments beginning July 15

by eseco | June 1, 2021 | Individual Tax | 0 Comments

About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.

The IRS has announced 2022 amounts for Health Savings Accounts

by eseco | June 1, 2021 | Small Business Tax | 0 Comments

Businesses that provide Health Savings Accounts to employees know they have a variety of benefits. Here are a few of them, along with the inflation-adjusted amounts for the 2022 calendar year.

Using your financial statements to evaluate capital budgeting decisions

by eseco | June 1, 2021 | Accounting & Audit | 0 Comments

Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating capital investment decisions can help get the biggest bang for your buck.

An S corporation could cut your self-employment tax

by eseco | May 20, 2021 | Small Business Tax | 0 Comments

Business owners that operate as an S corporation are subject to income tax, but not self-employment tax, on their share of the entity’s income. Here’s how the rules work.

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Hours

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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Client Login

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Your most trusted business advisor.

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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.

Our Story

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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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Consulting & Business Advising

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.