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A different kind of CPA firm
At Harper & Company CPAs Plus, we know that you want to be empowered to build your entrepreneurial dream. In order to do that you need a clear path to follow for success. Building a business is hard when you’ve never learned how to run a business. A lot of...
Social Security’s future: The problem and the proposals
Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered a “third rail” of American politics and understandably so — the options for heading off...
Ohio Adoption Tax Credit
Ohio has a new initiative to support adoptive families. The Ohio Department of Job and Family Services (ODJFS) made a recent decision to provide financial grants to Ohioans who adopt a child. The adoption process not only takes an emotional toll on...
Entrepreneurship: A Candid Conversation with Janel Sykora
Episode Transcription [0:00:00] Glenn Harper: Hello, everybody. Welcome to another edition of Empowering Entrepreneurs podcast. This is Glenn Harper, Julie Smith. What's up, girl? [0:00:06] Julie Smith: You know, just before we started recording, I was talking about...
If you’re hiring independent contractors, make sure they’re properly handled
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures. If you’re among them, be careful that these workers are properly classified for federal tax purposes. If the IRS...
Settling Your Debt with the IRS through an Offer in Compromise: A Step-by-Step Guide for Taxpayers
Dealing with outstanding tax debt can be a stressful and overwhelming experience. However, the IRS provides a solution for eligible taxpayers who are unable to pay their tax liabilities in full: the Offer in Compromise (OIC) program. This program allows taxpayers to...
The IRS clarifies what counts as qualified medical expenses
If you itemize deductions on your tax return, you may wonder: What medical expenses can I include? The IRS recently issued some frequently asked questions addressing when certain costs are qualified medical expenses for federal income tax purposes. Basic rules and IRS...
The JULIE™
Episode Transcription [0:00:00] Julie Smith: Welcome to another episode of Empowering Entrepreneurs podcast. Glenn, how are you? [0:00:04] Glenn Harper: I'm awesome. Glenn Harper here for all that you guys want to know. How you doing, julie good. [0:00:08] Julie...
Tax news for investors and users of cryptocurrency
If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may soon notice a new form reporting requirements for digital assets. Check the box Beginning with tax year 2022, taxpayers must check a box on their tax...
Venmo? Paypal? Zelle? Etsy? New rules you need to know.
The IRS recently delayed the requirement to lower the reporting threshold from $20,000 and 200 transactions in a year to $600 and any number of transactions. Had they not delayed, taxpayers would have been flooded with unexpected 1099-K forms and confusion in January...
The tax advantages of hiring your child this summer
Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra spending money. You can save family income and payroll taxes by putting your child on the payroll. It’s a...
Balancing Briefs and Babies: A Candid Conversation with a Working Mom and Law Firm Director
Episode Transcription [0:00:00] Julie Smith: Welcome to another episode of Empowering Entrepreneurs. I'm Julie Smith, and I am missing my other teammate, Glenn Harper, but it's for a good reason. We have a guest today, Elle Smith, who her and I have had one...
IRS guidance coming regarding the IRA’s Clean Vehicle Credit
The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit now covers “clean vehicles,” which include plug-in hybrids, hydrogen fuel cell...
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Entrepreneurial Success Formula: How to Avoid Managing Your Business From Your Bank Account