Running a business in Summit County means juggling customers, staff, daily operations, and growth all at once. As things get busier, keeping financial records up to date often slips down the list. That is why we see more local owners turning to...
Beth McCauley
🚨 IRS Scam Alert: What to Watch For (and How to Protect Yourself)
If you’ve received a letter that looks like it’s from the IRS asking for your bank account information — pause before you act. We’re seeing an increase in fraudulent IRS notices circulating right now, and they’re getting more convincing. These scams...
A Proactive Guide to Small Business Tax Planning in Ohio
For many entrepreneurs, tax planning only becomes a priority when deadlines are approaching. At Elevated Tax & Accounting, we believe the most financially stable businesses take a very different approach. Rather than reacting to tax obligations...
What You Need to Know about the One Big Beautiful Bill
One Big Beautiful Bill Signed Into Law The One Big Beautiful Bill (“OBBB” or the “Act”) was signed into law on July 4, 2025. The OBBB contained many important tax changes that are likely to impact significant numbers of individuals and...
Planning Ahead: Capital Gains & Tax-Loss Harvesting Opportunities
Year-End Tax Planning for Your Investments As we approach the end of the year, it's a great time to review your investment portfolio and consider potential strategies to minimize your tax liability for the upcoming tax season. One key area to...
Federal paper checks to be eliminated September 30
Federal Government to End Most Paper Checks by Month End The federal government will stop issuing paper checks for most payments at the end of this month, marking a major transition to electronic transactions. The change follows...
Have you filed your Beneficial Ownership Information report yet?
Important BOI Reporting Reminder for Small Businesses For the past couple of weeks, I sent a mass reminder to inform you of some additional reporting requirements for small businesses this year and that we’ve partnered with a company that is...
Do you own a LLC, S-Corp or C-Corp?
Act now - 50% off until 06/30/2024 We wanted to make you aware of a new law that went into effect on January 1, 2024. It impacts virtually all small businesses organized as a LLC, S or C-Corp. Here’s a quick breakdown:• The Corporate Transparency Act...
Corporate Transparency Act
The Corporate Transparency Act (CTA) is a new law that aims to combat financial crimes and promote transparency inbusiness ownership. The primary purpose of the CTA is to prevent illicit activities by identifying the actual owners, alsoknown as beneficial owners of...