Blog Archives - Page 3 of 16 - Payne Nickles & Company - Ohio Accounting Firm, Business CPAs & Advisors

Fraud Prevention Best Practices for Nonprofits

Nonprofits, like any organization, must protect themselves from fraud. While fraud in the nonprofit sector isn’t as prevalent as in for-profit entities — comprising just 9% of fraud cases according to the Association for Certified Fraud Examiner’s 2020 Report to the Nations – the results can be devastating because nonprofits usually have fewer resources to …

Business owners spend a lot of time and effort ensuring their operations run smoothly, from delivering quality goods and services to providing accurate financial statements and tax returns. Yet one scammer going after your company can bring it all down, harming your reputation and your revenue. One of the best ways to protect your business …

Has your company switched to a remote work or hybrid environment for employees? Government mandates and other health-related concerns at the beginning of the COVID-19 pandemic, caused much of the workforce to transition from an office setting to a remote or hybrid work environment. As the pandemic stretched on and companies extended their remote work options, many employees started spreading out to …

The IRS recently released the 2022 mileage rates for businesses to use as guidance when reimbursing workers for applicable miles driven within the year. The rates tend to increase every year to account for rising fuel and vehicle and maintenance costs and insurance rate increases. Businesses can use the standard mileage rate to calculate …

The Ohio Department of Taxation requires all employers issuing more than 10 W-2 Forms annually to electronically file those forms beginning with forms filed in 2022 for the 2021 calendar year. These forms will be required to be uploaded through the Ohio Business Gateway using the Simplified W-2 Upload format. To aid in this new …

The sheer amount of student loan debt individuals are graduating from higher education with has been increasingly covered in the news. While the government has been working to forgive student loan debt for certain people, there is something employers can do to help take the burden off employees and their tax liability. In addition to …

The COVID-19 pandemic caused many families to rethink their child care situation. Nannies became a popular choice for many, as they decreased the risk of sending children to child care centers and provided the benefit of helping those same children through online schooling while their parents worked. As the pandemic has ebbed and flowed, nannies …

Tax compliance is an essential aspect of any business, with sales and use tax making up a large portion of overall tax requirements. However, sales and use tax can get complicated very quickly as each state and local tax has its own rules and nuances. With increased connectivity and remote capabilities, it has become easier …

Are you hiring? Have you considered the Work Opportunity Tax Credit? Don’t go it alone, call us. A lot of businesses are hiring right now and it pays to consider the Work Opportunity Tax Credit (WOTC). The credit has been extended through 2026 and employers shouldn’t overlook this credit. There are strict certification requirements established …

Remote work has been a hot topic for the past several years. Since workplaces were strongly encouraged to allow non-essential employees to work from home in 2020, remote work has become an even bigger discussion. As regulations allow companies to bring employees back into the office, many are asking if remote work is a viable …