There is a problem in Canton and not just because the tax is increased, it’s the way they did it. The tax raised from 2.0% to 2.5% EFFECTIVE JULY 1ST!!! The real problem comes in for Canton residents whose W2 reflects Canton withholding. Virtually nobody is correctly reporting the figures you need for the form. The Canton form addresses it by splitting your income into the 2.0% period and the 2.5% period. Yet the W2s are reporting the total amount owed and the total amount withheld. We have worked out a substitute form to handle this. If you are confused, call us. What is even better is that we are the best value in the area, half the price of the national chains and only accountants do your returns here!!! Give us a call at 330-478-1505 to set up an appointment.
We are very busy now. A few people have expressed concern about being unable to file during the government shutdown. The IRS is receiving returns and we have been told they are processing returns. Since many are waiting you may find it hard to get in so please call and schedule to avoid that problem.
Also, if you have earned income credit or other refundable credits, the IRS is delayed, as they have for the past several years, in processing your return until Feb 15th. But if you need money now we are offering advances up to $6,000 now so call us to schedule.
There is an impression out there that you can’t file taxes until the shutdown is over. That is not true. The IRS is already processing returns and will collect money (of course, they’ll never stop doing that) and issue refunds as usual. If you have your W2s and other tax documents schedule an appointment today.
We also offer a much more robust refund advance than in the past. Don’t pay national chain prices just because you need the money now.
This is a tax collected on revenue collected in the City of Canton. It was passed in late 2016 by the City of Canton with collusion from Ohio’s legislature. In a nutshell it is a hidden sales tax paid by the vendors who make sales taxable sales within the City of Canton. The Ohio Department of Taxation just sent out a bunch of letters to businesses with vendor’s licenses and a Canton zip code. I just received one myself. I immediately called the Department of Taxation and confirmed that if your business is in a township it is not subject to the tax and you can ignore the letter. My suggestion is that you go to the Stark County Auditor website, do a real estate search for your business address and print the front page which will have your tax district under the heading “Geographic Information” on the right hand side. This will indicate whether you are in a township. Staple this to the letter and put it in the file with your other sales tax information for future quick reference.
If you are unsure if you are in a township you can call us and we can help you make that determination.
As an aside in looking into this, Todd Porter and the Repository made it a point to say that nobody’s taxes are going to be raised with this new tax. Ordinarily a pretty straight shooter I have to disagree with that statement. Any time you don’t have a tax and the government creates a new tax and collects it, taxes are being raised. He may have meant personal income taxes but that one fails the fact check.
Flat Fee Payroll is designed for the small business by someone who runs a small business. When I do business I am a firm believer that everybody involved has to win or it won’t work in the long run. Maybe I am missing a few extra bucks but I believe in building something that can last.
My experience in going to a national chain was that I asked what the costs were until I was blue in the face and never really got an answer. I set up a payroll account and gave the company a ton of information. When I went to do my first payroll, I estimated the costs based on what I was told. I was shocked when their fees were more than I was paying my receptionist. Worse yet, I was then bombarded with a bunch of information about various accounts I was supposed to set up myself (or pay them more fees). It seemed to never end. I had plenty of other things to worry about in my busy season and hiring a receptionist seemed to cause more work than I was saving.
When I eventually did my own payroll and started to do the payroll for customers, I developed the concept of a simple fee structure and doing all of the setup work ourselves. We do need occasional signatures but for the most part our customers give us the employees’ information and hours and we take it from there. We have a variety of ways to deliver the pay and information. We even handle Direct Deposit.
What is even better, we have a small group of people handling payroll and you will get to know who is handling your payroll. No toll-free numbers, phone trees, bad connections and all that comes with large, faceless corporations (including excessive fees).
We encourage you to try our services because we believe in doing what we do well so that you can concentrate on doing what you do well!!!