Hogan CPA

Handling IRS Audits and Penalties: Best Practices for Small Businesses

Tax Compliance, IRS Audits, Small Business Tax /

Handling IRS Audits and Penalties: Best Practices for Small Businesses Facing an IRS audit can be stressful for any small business owner. We’ve guided many Ohio entrepreneurs through audit notifications, penalty assessments, and appeals—helping them resolve issues efficiently and avoid future pitfalls. Below, I’ll walk you through common audit triggers, preparation steps, best practices during […]

Handling IRS Audits and Penalties: Best Practices for Small Businesses Read More »

Managing Multi‑State Tax Obligations: A Guide for Ohio Companies

Tax Compliance, Ohio Business, Small Business Tax /

Managing Multi‑State Tax Obligations: A Guide for Ohio Companies Expanding beyond Ohio’s borders opens doors to new customers—and new tax complexities. We’ve worked as a CPA alongside Central Ohio businesses that ship products coast‑to‑coast, engage remote talent, or operate fulfillment centers, and seen how multi‑state obligations can catch you off guard. Understanding nexus triggers, registration

Managing Multi‑State Tax Obligations: A Guide for Ohio Companies Read More »

Choosing the Right Accounting Method: Cash vs. Accrual for Tax Benefits

Accounting Methods, Ohio Business, Tax Planning /

Choosing the Right Accounting Method: Cash vs. Accrual for Tax Benefits Picking the right accounting method feels like a behind‑the‑scenes decision, but it has real impact on your tax bill, cash flow, and financial reporting. We’ve guided many Ohio small businesses through this choice, and it often comes down to timing income and expenses in

Choosing the Right Accounting Method: Cash vs. Accrual for Tax Benefits Read More »

Independent Contractor vs. Employee: Tax Classification and Implications

Employment Tax, Ohio Business, Small Business Tax /

Independent Contractor vs. Employee: Tax Classification and Implications Figuring out whether a worker is an independent contractor or an employee isn’t just a paperwork detail—it impacts your tax obligations, liability exposure, and the benefits you must provide. In Ohio, misclassification can trigger penalties, back taxes, and interest. We’ve strategized taxes for small businesses in Central

Independent Contractor vs. Employee: Tax Classification and Implications Read More »

Navigating R&D Tax Credits: Unlock Savings for Your Innovation Projects

Innovation Incentives, Small Business Tax, Tax Credits /

Navigating R&D Tax Credits: Unlock Savings for Your Innovation Projects Investing time and resources into new products, processes, or software development can stretch your budget—but the R&D tax credit is designed to reward exactly that kind of innovation. As someone who’s helped numerous Ohio clients secure these credits, I’ve seen firsthand how they can offset

Navigating R&D Tax Credits: Unlock Savings for Your Innovation Projects Read More »

Sales Tax Compliance in Ohio: What Every Business Owner Needs to Know

Tax Compliance, Ohio Business, Small Business Tax /

Sales Tax Compliance in Ohio: What Every Business Owner Needs to Know Navigating Ohio’s sales tax landscape can feel overwhelming—especially when you’re focused on growing your small business. New entrepreneurs who underestimated their obligations can end up facing penalties, interest charges, or even audit risk. This guide walks you through the key steps to register,

Sales Tax Compliance in Ohio: What Every Business Owner Needs to Know Read More »

Qualified Business Income Deduction: How Ohio Small Businesses Can Lower Their Tax Bill

Small Business Tax, Ohio Business, Tax Planning /

Qualified Business Income Deduction: How Ohio Small Businesses Can Lower Their Tax Bill Every dollar saved on taxes can fuel growth for an Ohio-based small business—whether that means hiring a new team member, upgrading equipment, or boosting your marketing budget. The Qualified Business Income (QBI) deduction, introduced by the Tax Cuts and Jobs Act, allows

Qualified Business Income Deduction: How Ohio Small Businesses Can Lower Their Tax Bill Read More »

Trucking Taxes 101: What Owner-Operators and Fleet Owners Should Be Tracking

Transportation Accounting, Fleet Management, Owner-Operator Tax Planning /

Trucking Taxes 101: What Owner-Operators and Fleet Owners Should Be Tracking If you’re behind the wheel or managing a fleet, you already know trucking isn’t a 9-to-5 job. But tax season? That’s a whole other road to navigate. Whether you’re an owner-operator hauling across state lines or running a small fleet from Central Ohio, your

Trucking Taxes 101: What Owner-Operators and Fleet Owners Should Be Tracking Read More »

Tax Tips for Veterinarians: Deductions, Depreciation, and Practice Growth

Tax Planning, Practice Growth, Veterinary Accounting /

Tax Tips for Veterinarians: Deductions, Depreciation, and Practice Growth Whether you’re a solo veterinarian just opening your first clinic or managing a thriving multi-location animal hospital, taxes can eat into your margins if you’re not careful. Between equipment upgrades, fluctuating payroll, and high-volume inventory, veterinary practice taxes are complex financial operations. The good news? With

Tax Tips for Veterinarians: Deductions, Depreciation, and Practice Growth Read More »

501(c)(3) Tax Compliance Checklist: Avoiding Common Pitfalls in Nonprofit Accounting

IRS Reporting, Nonprofit Accounting, Tax Compliance /

501(c)(3) Tax Compliance Checklist: Avoiding Common Pitfalls in Nonprofit Accounting Running a 501(c)(3) nonprofit means more than advancing your mission—it also means navigating IRS rules, financial reporting, and compliance standards that aren’t always straightforward. The smallest mistake—like a missed Form 990 deadline or undocumented donation—can put your tax-exempt status at risk. That’s why we’ve put

501(c)(3) Tax Compliance Checklist: Avoiding Common Pitfalls in Nonprofit Accounting Read More »