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Tax Archive

Ways to Prevent Elder Financial Abuse

As tax season approaches, the efforts of scam artists looking…read more

Making Sure Your Charitable Generosity Is Fully Rewarded – The Case For Donor-Advised Funds.

By: Mark Rhea, J.D., CPA, CVA- Senior Assistant Accountant The…read more

Changes to the Taxation of Not-for-Profit’s Unrelated Business Income

By: Jennie K. Schott, Audit & Assurance Services Assistant  The…read more

Who in their right mind would want something defective? You do if we’re talking about an intentionally defective grantor trust

By: Mark Rhea, J.D., CPA- Senior Assistant Accountant Since the…read more

Tax strategies for accrual-basis businesses as the year winds down

The last month or so of the year offers accrual-basis…read more

The Tax Advantages of a 529 College Savings Plan

A topic often on the minds of parents (or grandparents)…read more

A Valuation Can Strengthen Your Buy-Sell Agreement

A solid buy-sell agreement can help closely held businesses avoid…read more

Self-Employment Taxes & Spouse-Owned Businesses

If you own a profitable, unincorporated business with your spouse,…read more

Thousands of Ohio BWC rebate checks remain uncashed & are set to expire

Deadlines for Ohio employers to cash rebate checks issued by…read more

The dangers of waiting to ask your accountant that important question

By: Linda Lehman, Senior Assistant Accountant Your business is constantly…read more

ESOPs Present Tax and Other Benefits

Wouldn’t it be great if your employees worked as if…read more

Ohio Residency Changes for Tax Purposes

By: David J. Herbe Jr., CPA, MAcc- Tax Manager The…read more

Changes to the Home Mortgage Interest Deduction

A home is the most valuable asset many people own.…read more

Should you Adjust your Estimated Tax Payments?

Bryan Davidson, CPA- Tax Manager Have you switched jobs in…read more

Is it time to take a second look at the cash method for income tax purposes?

By: Dave Herbe, CPA, MAcc- Tax Manager The new tax…read more

TCJA draws a silver lining around the individual AMT

The Tax Cuts and Jobs Act (TCJA) didn’t eliminate the…read more

The Pitfalls of DIY Estate Planning

There’s no law that says you can’t prepare your own…read more

Addressing long-term care costs with a tax-qualified LTC insurance policy

No matter how diligently you prepare, your estate plan can…read more

Turning these Common Business Expenses into Deductions

By: Grant Trudel, MBA- Senior Assistant Accountant   Common expenses…read more

Important Information about the Qualified Business Deduction

By: Linda Fargo, CPA, CGMA- Manager The 2017 Tax Act,…read more

Your Financial Gatekeeper

How to Obtain Peace of Mind with a Trust Protector…read more

Prepare to Shop: The Sales Tax Holiday Returns!

By: Molly Pensyl, Marketing & Business Development Manager It is…read more

Is your company overpaying sales and use tax?

It’s a safe bet that state tax authorities will let…read more

Double Duty Giving with Charitable Gift Annuities

If you’re charitably inclined, you may wish to consider a…read more

Digital Assets & Estate Planning

The Importance of Adding Your Digital Footprint to Your Estate…read more

Questions to ask before hiring household help

When you hire someone to work in your home, you…read more

The BDIT: A Trust with a Twist

The beneficiary defective inheritor’s trust (BDIT) allows you to enjoy…read more

Tax Deadlines for Q3 of 2018

Proactive tax planning is a vital exercise for all business…read more

A SLAT offers estate planning benefits and acts as a financial backup plan

The most effective estate planning strategies often involve the use…read more

Deducting home equity interest under the Tax Cuts and Jobs Act

Passage of the Tax Cuts and Jobs Act (TCJA) in…read more

Death and Taxes

By: Linda Yutzy, Administrative Assistant Most of us have heard…read more

Holbrook & Manter Nominated for “Best of Business” Award

Holbrook & Manter is proud to once again be a…read more

Common Types of IRS Tax Penalties

Around this time of year, many people have filed and…read more

The risks of naming a minor as the beneficiary of your life insurance policy or retirement plan

A common estate planning mistake is to designate a minor…read more

The Changing Face of Personal Exemptions and the Standard Deduction

Personal tax exemptions and the standard deduction have looked largely…read more

If charitable giving is part of your estate plan, consider a donor-advised fund

Do you make sizable gifts to charitable causes? If you’re…read more

The Power of Paper

Make Sure Your Family Can Find Your Original Will As…read more

Brushing up on Bonus Depreciation

Every company needs to upgrade its assets once in a…read more

Do you know where you live?

By: Mark Rhea, J.D.- Senior Assistant Accountant Growing up in…read more

Four estate planning techniques for blended families

Today, it’s not unusual for a family to include children…read more

Estate Planning Strategies for Non-U.S. Citizens

Navigating Your Trust & Estate Planning Options as a U.S.…read more

Don’t overlook securities laws when planning your estate

For a variety of estate planning and asset management purposes,…read more

An Important Message for those in Agribusiness

By: Bradley Ridge, Managing Principal Holbrook & Manter is committed…read more

The 4/15 Deadline Push

By: Dave Herbe, CPA- Senior Accountant This is a very stressful…read more

Power of attorney abuse: What you can do about it

A financial power of attorney — sometimes called a “power…read more

Important Tax Deadlines for Q2 of 2018

April 17 — This day can be a double whammy…read more

Don’t violate state law by keeping a trust a secret

If your estate plan includes one or more trusts, you…read more

Estate Planning Tips for the Sandwich Generation

The “sandwich generation” accounts for a large segment of the…read more

Tax Reform & Employee Meals/Entertainment

Years and years ago, the notion of having a company…read more

Ease Estate Tax Liability with a Joint Home Purchase

If you’re planning on buying a home that you one…read more

Tax Reform and the Section 179 Deduction

By: Zac Anderson, Staff Accountant With the passing of the…read more

The Child Credit to Become Even More Valuable

The child credit has long been a valuable tax break.…read more

A Closer Look at the Domestic Production Activities Deduction

The domestic production activities deduction (DPAD) provides a tax break…read more

If you made gifts last year, you may (or may not) need to file a gift tax return

Gifting assets to loved ones is one of the simplest…read more

Scrambling to get your 1099-MISC information together? Here’s some advice.

By: Natalie Bruns, CPA- Senior Accountant As the deadline to…read more

Life insurance: A Powerful Estate Planning Tool for Nontaxable Estates

For years, life insurance has played a critical role in…read more

Have you taken state estate taxes into account?

The Tax Cuts and Jobs Act has doubled the federal…read more

H&M’s Brian Ravencraft Pens Tax Article for Ohio’s Country Journal

Now in his third year of writing articles for Ohio’s…read more

Tax Cuts and Jobs Act Expands Appeal of 529 Plans in Estate Planning

It’s common for grandparents to want to help ensure their…read more

Ohio Tax Amnesty: Could you be Eligible?

Ohio is offering tax amnesty on penalty and interest for…read more

Tax Cuts and Jobs Act: Key Provisions Affecting Estate Planning

We are committed to keeping you updated on The Tax Cuts…read more

First Quarter Tax Deadlines for 2018

Don’t miss these important tax deadlines for 2018: January 16…read more

The Tax Cuts and Jobs Act has Passed

By: Justin Linscott, CPA, CFP®, CITP, CGMA- Principal We have…read more

Address your Pet in your Estate Plan Using a Pet Trust

If you’re an animal lover, a pet is a member…read more

Bah Humbug! The Ghost of Taxable Income for Christmas Presents May Come to Haunt You and Your Employees This Holiday Season

By: Mark Rhea, J.D.- Senior Assistant Accountant During the Holiday…read more

Getting Remarried? Be Sure to Update your Estate Plan

If you’re in a second marriage or planning another trip…read more

Handling Estimated Tax Payments

In today’s economy, many individuals are self-employed. Others generate income…read more

Trust & Estate Planning: Drafting a Letter of Instructions

When you draft an estate plan, the centerpiece is your…read more

The Basics of a Dynasty Trust

With a properly executed estate plan, your wealth can be…read more

Bonus depreciation – when is the right time to elect out of it?

By: Dave Herbe, CPA- Senior Accountant Bonus depreciation (or as…read more

The Tax Consequences of Selling the Wrong Block of the Same Stock

By: Mark Rhea, J.D.- Senior Assistant Accountant Many people have…read more

Are you Subject to Underpayment Penalties?

By: Bryan Davidson, CPA- Tax Manager Have you switched jobs…read more

Side Hustle or Hobby? Know the Difference

Nowadays, many professionals have a “side hustle”- the term is…read more

Separating Real Estate Assets from your Business

Many companies choose not to combine real estate and other…read more

Crafting a Family Budget

We often discuss the importance of having a budget for any size…read more

Understanding the Differences Between Health Care Accounts

Tax-friendly ways to pay for health care expenses are very much…read more

Moving Capital Gains to your Children

If you’re an investor looking to save tax dollars, your…read more

Taxes and Owning a Home

By: Zac Anderson, Staff Accountant This summer when I’m not…read more

When to Convert your C Corp to an S Corp

Many private business owners elect to incorporate, turning their companies…read more

What is a total return unitrust?

A traditional trust can sometimes create a conflict among the…read more

Ohio’s 2017 Sales Tax Holiday Slated for August

Shoppers rejoice…. the Ohio Sales Tax Holiday returns later this…read more

Net Operating Loss Rules Can Offer Tax Relief

From time to time, a business may find that its…read more

Important 2017 Third Quarter Tax Deadlines

July 17 — If the monthly deposit rule applies, employers…read more

Tax Issues After Divorce

By: Mark Rhea, J.D.- Senior Assistant Accountant I was at…read more

Knowing the tax impact of renting our your vacation home

When buying a vacation home, the primary objective is usually…read more

H&M’s Justin Linscott Attends House Ways and Means Committee Meeting

As some of my previous blogs have outlined, I travel…read more

Vote for Holbrook & Manter for “Best of Business” Award

Holbrook & Manter  is proud to once again be a finalist…read more

H&M’s Justin Linscott Speaks at Columbus Startup Week

H&M’s Justin Linscott had the honor of speaking at Columbus…read more

Managing IRD Issues when Inheriting Money

Once a relatively obscure concept, income in respect of a…read more

H&M Named “Business of the Year” By Union County Chamber

Holbrook & Manter, CPAs Professional Services Firm with offices in…read more

Should you Open a Second Location?

Business is going so well that you’re thinking about adding…read more

Tax season: This is what you don’t see

  By: Molly Pensyl, Business Development Manager This year’s tax…read more

Top 10 Things to know about Farm Income and Deductions

H&M’s Brian Ravencraft continues to write a monthly article for…read more

Ramping Up Depreciation Deductions with a Cost Segregation Study

Businesses that acquire, construct or substantially improve a building —…read more

Fake $100 Bills Being Circulated in Central Ohio

A warning was recently issued about counterfeit money making its…read more

The Importance of Reviewing your Company’s Buy-Sell Agreement

If you own a business and follow professional advice, you’ve…read more

$1 Billion in Tax Refunds Remain Unclaimed

According to the IRS, they are on the hunt for…read more

Holbrook & Manter Acquires Lewis Center, Ohio Accounting Firm

FOR IMMEDIATE RELEASE  Holbrook & Manter, CPAs Professional Services Firm…read more

Beware of the “Kiddie Tax”

Making gifts to children and grandchildren is a strategy sometimes…read more

Knowing the Tax Challenges of Self-Employment

Today’s technology makes self-employment easier than ever. But if you…read more

H&M’s Managing Partner Gives Radio Interview

With tax season now in full swing, H&M team members…read more

Renting Property to your Business Could Backfire

If you own both property and a business, it just…read more

H&M’s Justin Linscott Attends Hearing in Washington D.C.

  By: Justin Linscott, CPA, CFP, CITP, CGMA- Principal You…read more

H&M’s Danielle Cottle Contributes to Guide for AccountingWEB

H&M manager, Danielle Cottle, CPA, CGMA recently served as an expert…read more

Important 2017 Q1 Tax Deadlines

Tax season is upon us. Holbrook & Manter is committed…read more

Mark Rhea Joins the H&M Team

We are happy to welcome Mark Rhea, J.D. to the…read more

H&M Welcomes New Senior Accountant

H&M is pleased to announce the addition of David Herbe,…read more

New Tax Scam Involving Fake CP2000 Notices

By: Molly Pensyl, Business Development Manager The telephone and email…read more

Changes & Reminders Regarding 1099 & W-2 Reporting

By: Linda Fargo, CPA- Manager We have important information to…read more

New Overtime Rule Blocked By Judge

The new overtime rule will not take effect on December…read more

Documentation: The Key to Charitable Tax Deductions

By: Carmen George, CPA- H&M Manager It’s hard to duplicate…read more

Brian Ravencraft Continues to Author Articles for Ohio’s Country Journal

Brian Ravencraft’s monthly articles for Ohio’s Country Journal continue to…read more

Are you Aware of Qualified Charitable Distributions?

By: Justin Linscott, CPA, CFP®, CGMA, CITP- Principal Qualified Charitable…read more

Owner-Employees Face Distinctive Tax Planning Challenges

Many business owners launch their companies from the front lines…read more

Tax Deadlines- Fourth Quarter 2016

October 17 — Personal returns that received an automatic six-month…read more

Possible Changes on the Horizon for Estate and Gift Taxes

 By: Justin Linscott, CPA, CFP®, CGMA, CITP- Principal We’ve been…read more

Five Tips for Safe Intrafamily Loans

If a relative needs financial help, offering an intrafamily loan…read more

Plan now for Itemized Deductions

Year end may seem far away. But now’s a good…read more

When an inheritance is too good to be true

Most people are genuinely appreciative of inheritances, and who wouldn’t…read more

Are you sure you want to take that 401(k) loan?

It can be hard to resist- the urge to splurge…read more

Ohio’s Sales Tax Holiday Returns

  By: Molly Pensyl, Business Development Manager  Just in time…read more

Assistance with 501(c)(3) Tax Exemption Filings

          By: Shannon Robinson, CPA, Senior…read more

Accounting Basics: For-Profit vs. Not-For-Profit

By: William Bauder, CPA, CGMA, CITP, Manager of Assurance and Advisory…read more

Important Summer/Fall Tax Deadlines

Many important deadlines are approaching in the third quarter. Here…read more

New Rules for Revenue Recognition for Manufacturers

Changes are on the horizon regarding the rules used to…read more

Juggling Family Wealth Management

Preserving and managing family wealth requires addressing a number of…read more

New Tax Scam Targets Students

By: Linda Fargo, CPA, CGMA- Tax Manager Just because the tax…read more

Energy Efficiency Home Builder Credits

By: William Bauder, CPA, CGMA, CITP If you read Columbus…read more

Is it Time for Section 199?

The Section 199 tax deduction was first introduced with the…read more

H&M Nominated for “Best of Business” Award

The entire Holbrook & Manter team is proud to share…read more

Understanding the Final Overtime Rule

Now that the final Overtime Rule has been announced, it…read more

Depreciation Breaks for your Company’s Real Property

As a business owner, you’ve probably heard plenty about depreciation-related…read more

Ohio’s “Sales Tax Holiday” Likely to Return

The Ohio House has passed legislation that will likely mean…read more

Justin Linscott Named to Columbus Business First’s Forty Under 40 Class

FOR IMMEDIATE RELEASE     Holbrook & Manter, CPAs Professional Services Firm…read more

Important Reminder Regarding Tax Scams

  By: Carmen George, CPA- Manager  We issue these warnings…read more

Going Green Presents Sustainable Tax Breaks

Many people want to do something, however small, to contribute…read more

Are you Aware of your SALT Liabilities?

Does your company operate in multiple states? If so, there’s…read more

Understanding R&E Tax Credits

    By: Stephen Smith, CPA, CGMA, MBA, CVA, H&M…read more

Attacking Tax Identity Theft Head-On

Tax-related fraud isn’t a new crime, but tax preparation software,…read more

Taking Advantage of Job Creation Tax Credits

  By: Danielle Irvine, CPA, Manager  Job creation tax credits…read more

Holbrook & Manter Announces Acquisition

Holbrook & Manter, CPAs and Professional Services Firm with offices…read more

Deducting Employee Meal Costs

Just about every employer encounters situations in which it needs…read more

Important Reminder for Farmers with Grain Storage Bins

    By: Brian Ravencraft, CPA, CGMA, H&M Partner Just this…read more

The Benefits of Agreed-Upon Procedures Engagements

    By: William Bauder,  CPA, CGMA, Manager of Assurance…read more

Tangible Property Expensing Threshold Increased by the IRS

The Internal Revenue Service shared the following information today, which…read more

The Details of DPAD

    By: Bryan Davidson, CPA, Senior Accountant Are you…read more

Holbrook & Manter Receives Top Accounting Firm Award

On behalf of the entire firm, H&M partners, Bradley Ridge…read more

Exit Plan Options for Business Owners Nearing Retirement

If you own a business, your most valuable asset is…read more

Using an IC-DISC to Lower Taxes

Manufacturers and distributors who export products should consider the use…read more

Due-date Changes for Partnership and C Corporation Returns

On July 31, 2015, the President signed the Surface Transportation…read more

Could you Be Accused of Wage Theft?

    By: Linda Fargo, CPA, Tax Manager   On…read more

The Importance of Updating Beneficiary Designations

Life is pretty busy. Between work and personal commitments, it’s…read more

Providing Assurance Through SOC Reports

    By: William T. Bauder, CPA, CGMA- Senior Accountant…read more

OSC Ruling: Grain Storage Bins are not Taxable as Real Property

The Ohio Supreme Court recently ruled that grain storage bins…read more

Combining Business and Vacation Travel: What’s Deductible?

If you go on a business trip within the U.S.…read more

H&M Nominated for Columbus CEO Magazine Honor

The entire Holbrook & Manter team is proud to share…read more

Online Thieves Gain Access to Personal Information of over 100,000 Taxpayers

  The IRS has announced that online criminals have gained…read more

Deducting business bad debts

If debt collection is a problem for your business, deducting…read more

Supreme Court Ruling in Maryland Tax Case

Here at H&M, we are always following recent news in…read more

Protect Yourself: The Important Facts About Tax Identity Theft

Cases of tax identity theft continue to rise. The Federal…read more

Time is Running Out to Sign-up for Ohio BWC Rebate Program

As the Ohio Bureau of Workers’ Compensation continues to work…read more

Taxation of College Financial Aid

If your or your college-age child is or will be…read more

Reverse Due Diligence Enhances M&A Value

If you’re preparing your business for sale, investing in reverse…read more

Stopping Business Identity Theft

Individual identity theft has gotten a lot of press in…read more

Business vehicles: Buy, finance or lease?

Whether you need a single sedan or an entire fleet…read more

CAT Assessment Rulings Recently Upheld by the BTA

Many companies do business with consumers in Ohio without having…read more

Planning a Smooth Leadership Transition

It’s never too early to start thinking about a succession…read more

Top 10 Reasons You May Need an Accountant

How many reasons on this list can you relate to…read more

New Information regarding Tangible Property Regulations

Holbrook & Manter has been following the developments regarding Tangible…read more

The Basics of DPAD Deductions

Your CPA should explore all tax-saving opportunities for you, including…read more

New Security Measures Could Delay Ohio Tax Refunds

The Ohio Department of Taxation (ODT) is warning that some…read more

Holbrook & Manter Reaches 95 Year Milestone

December 2014 marks 95 years in business for Holbrook &…read more

Getting Around the $25 Deduction Limit for Business Gifts

Sometimes doing business entails making gifts to customers, clients, employees,…read more

“Effective 1.1.15 – All Employer / School District Withholdings must go through Ohio Business Gateway”

The Ohio Department of Taxation has released the following information:…read more

Journal of Accountancy Reports: Filing Season Complications loom, IRS tells AICPA

BY PAUL BONNER NOVEMBER 4, 2014 The 2015 tax filing…read more

Tax Savings and your Home Office

The home office deduction is an important tax break associated…read more

AMT triggers could boost your tax bill if you’re not careful

A fundamental tax planning strategy is to accelerate deductible expenses…read more

Self-employed? Save more by setting up your own retirement plan

If you’re self-employed, you may be able to set up…read more

Donating appreciated stock can offer substantial tax benefits

Are you planning to make charitable donations before year end?…read more

Maximizing depreciation deductions in an uncertain tax environment

For assets with a useful life of more than one…read more

Watch out for the wash sale rule

If you’ve cashed in some big gains this year, consider…read more

Careful tax planning critical for RSUs-and other stock-base compensation

If you’re an executive or other key employee, you might…read more

How to protect yourself from underpayment penalties

You can be subject to penalties if you don’t pay…read more

New Round of Workforce Training Money Available

More than 80,000 Ohio employees have already been trained through…read more

IRS Continues to Warn about Telephone Scams

The IRS issued a consumer alert providing tips for taxpayers…read more

Is your business ready for play-or-pay?

If you’re a “large” employer, time is running out to…read more

Holbrook & Manter, CPAs Announces…

Justin T. Linscott, CPA, CFP®, CITP, CGMA at Holbrook &…read more

Care Train of Union County 2013

Our very own  Bob Buckley and Brian Ravencraft helped  work…read more

Voluntary Worker Classification Program

The VCSP for Employee/Independent Contractor Issues—A solution or a Trojan…read more

Ohio Use Tax Amnesty Program (“UTAP”)

Recently the Ohio Budget Bill (House Bill 153) created, among…read more

Which is Better-Section 179 Deduction or 100% Bonus Depreciation? It depends!

Section 179 Rules for 2010 & 2011 For most new…read more