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News, Events & Accounting Insights
H&M Team Members Return to the Ronald McDonald House to Volunteer
Our commitment to the Ronald McDonald House Charities of Central Ohio and Nationwide Children's Hospital continues on. Some of our team members recently returned to the Ronald McDonald House kitchen to prepare lunch. Led by Chef Blair Arms, the team prepared wraps, various salads and french fries for the guests.
It is always a joy to visit the house, work alongside Chef Blair and take in all of the good work being done to benefit families at such a trying time. If your company or organization is look for a hands-on volunteering opportunity that is extremely rewarding, we highly recommend…
The Tax Implications of Misclassifying Employees
The consequences of misclassifying an employee as an independent contractor can be costly. You could be liable for back taxes (including the employee’s shares of unpaid payroll and income taxes), penalties and interest. There may be serious nontax consequences as well.
How important is this?
Businesses must withhold federal and state income taxes and the employee’s share of Social Security and Medicare taxes from employee wages. They must also pay the employer’s portion of Social Security, Medicare, and unemployment taxes for employees. Generally, none of these obligations apply to the business for workers who are independent contractors.
Misclassifying an employee…
How a CPA Simplifies the Trust & Estate Process
When it comes to managing trusts and estates, there is no room for mistakes. These arrangements are often complex, requiring careful planning, accurate calculations, and compliance with tax laws. If you’re an estate planner or trustee, you already know the stakes can be high. This is where a Certified Public Accountant (CPA) comes in—a professional whose expertise can streamline the process, protect assets, and ensure peace of mind for all parties involved.
Why Trusts & Estates Require a CPA
Trust and estate management isn't just about dividing assets—it’s a detailed process involving intricate financial obligations, tax filings, and compliance with…