Earlier this month, the IRS announced that it was implementing a moratorium on the acceptance of new Employee Retention Credit claims until 2024. Any businesses that had planned to file a claim in the coming months must wait until 2024, when a series of new measures to prevent fraud will be in place. The pause …
Individual Retirement Accounts, more commonly known as IRAs, are extremely popular retirement savings accounts used by tens of millions of American citizens. These tax-advantaged accounts allow Americans to save for their retirement throughout their working lives. In total, Americans currently hold more than $12 Trillion in IRAs. Many of these accounts are drawn down throughout …
The Employee Retention Tax Credit (“ERTC”) is still getting a lot of attention in the news media these days. Also, a number of companies are advertising on TV and the internet to say that you may still be able get claim the credit, even if you didn’t have a drop in revenues. Let me give …
This article was written by Bill Meyer, Managing Partner at Strothman+Co. Bill serves clients in a broad range of industries as they launch, grow, maximize, invest, and sell their businesses. On a regular basis, he can be found assisting with matters such as financial reporting; forecasts and projections; cash management; financing; and business improvement. He provides services in the areas of accounting, assurance, tax planning, valuations, and investment advice.
If there’s one constant in the world of tax, it’s change. Tax regulations continue to evolve at a local, state, and federal level, with implications for businesses and individuals alike. Staying up to date with this constant stream of updates can be challenging for busy entrepreneurs and business professionals. But at the same time, it’s …
This article was written by Joe Guelda, Strothman+Co Tax Manager. Joe has been in public accounting for over 12 years. He is experienced with small to large sized businesses and has helped many clients with their growth and understanding additional complexities especially in the areas of state and local taxes including income, sales, and withholding. Joe enjoys going beyond tax compliance and educating clients how developing a well-structured tax strategy is an important part of achieving their overall financial goals.
Another busy tax season is in the books. Excluding taxpayers that filed extensions, the 2022 tax year is complete, with the passage of the filing deadline on April 18. At Strothman+Co, it was another successful filing season, with our professionals helping hundreds of businesses and individuals across Kentucky, Indiana, and beyond navigate all kinds of …
Following the landmark South Dakota vs. Wayfair Supreme Court decision in 2018, it’s fair to say that the sales tax landscape has changed significantly. Since the decision, many businesses that do business outside of their home states have been forced to evaluate whether they have sales tax nexus in those states. Previously, the determination of …
This article was written by Joe Guelda, Strothman+Co Tax Manager. Joe has been in public accounting for over 12 years. He is experienced with small to large sized businesses and has helped many clients with their growth and understanding additional complexities especially in the areas of state and local taxes including income, sales, and withholding. Joe enjoys going beyond tax compliance and educating clients how developing a well-structured tax strategy is an important part of achieving their overall financial goals.
It’s a new year and with that comes changes to State and Local Tax (SALT) laws that business owners and individuals alike need to be aware of. On January 1, 2023, significant changes went into effect in Kentucky, including changes to the state income tax rate, sales tax collection, and more. House Bill 8, the …
This article was written by Joe Guelda, Strothman+Co Tax Manager. Joe has been in public accounting for over 12 years. He is experienced with small to large sized businesses and has helped many clients with their growth and understanding additional complexities especially in the areas of state and local taxes including income, sales, and withholding. Joe enjoys going beyond tax compliance and educating clients how developing a well-structured tax strategy is an important part of achieving their overall financial goals.
At Strothman+Co, our people are integral to our mission. It’s why we focus on hiring the best and brightest and invest in our team’s professional development. It’s also why we were recognized as one of the best places to work in Kentucky in 2022. When you trust Strothman+Co with your tax strategy, you’re forming a …
Most business leaders are thinking strategically as they wind up the calendar year. It’s important that tax planning is part of the reflection, especially in regards to possible tax savings. There are almost always opportunities to reduce your tax liability, and here are 10 areas your business may want to explore. 1. Deferring Income Since …
This article was written by Neil Zinser, Partner at Strothman+Co. Neil has extensive experience providing tax services and business consulting to his clients. He specializes in complex tax structures including consolidating entities, multi-state entities, high net worth individuals and closely held business. It is his goal to provide meaningful tax advice to his clients and help them achieve their financial objectives. His industry experience includes restaurants, breweries, manufacturing, wholesale distributors, retail, commercial rental real estate, and nonprofit organizations.
It’s fair to say a lot has changed in the past twelve months––especially from a tax perspective. The end of a year offers an opportunity for reflection, and as we enter the last few weeks of 2022, we encourage you to consider the opportunities that might lie ahead for you and your business in 2023 …
This article was written by Neil Zinser, Partner at Strothman+Co. Neil has extensive experience providing tax services and business consulting to his clients. He specializes in complex tax structures including consolidating entities, multi-state entities, high net worth individuals and closely held business. It is his goal to provide meaningful tax advice to his clients and help them achieve their financial objectives. His industry experience includes restaurants, breweries, manufacturing, wholesale distributors, retail, commercial rental real estate, and nonprofit organizations.