Ohio Tax Commissioner Joe Testa and Governor John Kasich announced this week that the Ohio Department of Taxation is changing the policy of notifying businesses of tax overpayments.
According to the Department of Taxation, “In the past ODT didn’t notify businesses of overpayments—even if the Department was aware of it—but instead made businesses discover the error themselves and then ask for their money back.… Read more >
Our family wishes you, your family and employees a very Merry Christmas and a Happy New Year.
We thank you for your support of our new venture with B2B CFO. Our first months with B2B CFO have brought great new friends and associates into our lives.
After six years on the West Coast, we enjoy being back in Ohio near our family and reconnecting with long-time friends.… Read more >
The press has focused a lot of attention on the official unemployment rate in the United States. Just recently the rate finally dipped below 8 percent for the first time since early in 2009. But the unemployment rate does not tell the full story. We have a huge group of people who are working below their skill level and working less than full-time due to the poor economy.… Read more >
You may have heard of remote deposits from your banker but never given it serious consideration. Do your customers pay with credit cards, checks and/or cash? If the answer includes a fair number of checks, using remote deposit may be a good alternative to a lockbox or sending an employee to the bank each day.… Read more >
The Internal Revenue Service recently issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 56.5 cents per mile for business miles driven
- 24 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
The rate for business miles driven during 2013 increases 1 cent from the 2012 rate. … Read more >