By JerryReid September 18, 2012
Please remove this CPA from your network! Very unethical.. If any of you out there want a CPA that rips of his customers please go to Jeff Barth. He is so disorganized he can't remember when clients pay him, he misses deadlines with the IRS and completely neglects his fiduciary duties to his clients. BEWARE!!! I know many of you are clients of his and I have proof of these transgressions and admission of guilt via voicemail by Mr. Jeffery Barth ...read more
By Jane708 March 08, 2012
I was unhappy with the way my case was being handled. He listened to my concerns and took the time needed to rectify ALL of my issues. He quickly helped me to get the IRS off my back and restored my peace of mind in a very stressful situation. After all is said and done, Jeff is highly skilled at taking care of the biggest tax messes, he will teach you what you need to know and make sure your set up for future success when it comes to taxes. ...read more
By Ohio Tax Solutions llc February 18, 2011
this not a location its a college. ...read more
If you own or have owned a business with employees, you are responsible, as a trustee, to collect and pay the IRS an employee withholding tax. This tax is due every operating cycle, and if it is not paid, penalties and interest will begin to accrue. Neglected long enough, the business can be closed and all assets seized to satisfy the debt. Depending on the specific circumstance of the case, the taxes themselves can sometimes be negotiated down or even eliminated, however to do so requires specific skills and knowledge about the employee taxes. Ohio Tax Debt Solutions as resolved hundreds of payroll tax related cases. Our team of professionals are experienced in dealing specifically with this type of problem. When you are ready to resolve your outstanding payroll tax problems call Ohio Tax Debt Solutions at (440) 399-1069. ...read more
By Ohio Tax Debt Solutions LLC September 12, 2010
Did you know that the recent health care reform act includes so many tax law changes that the Congressional Budget Office says theIRSwill need $10 billion and 17,000 new employees to enforce its share of the new rules? It's true! Here are just a few key tax changes: • Starting immediately, certain small businesses with fewer than 10 employees will get a 35% credit for the cost of providing employee health benefits. • Starting in 2011, employers will have to report the value of health benefits on Form W-2. • The penalty tax for Health Savings Account distributionsnotused for health care expenses doubles, to 20%. This will discourage using HSAs for supplemental retirement savings. • Starting in 2013, the 7.5% floor for deducting medical and dental expenses climbs to 10% (unless you or your spouse are 65 or older, in which case it remains at 7.5% until 2016). • Healthcare flexible spending account contributions are capped at $2,500 per year. • Starting in 2014, businesses with more than 50 employees will have to offer health benefits or pay a penalty of $2,000 per employee. The reconciliation bill that accompanied the act includes one more unwelcome change, Currently, the Medicare tax is limited to 2.9% ofearnedincome. The reconciliation bill raises that tax by 0.9% of earned income above $200,000 (individuals) or $250,000 (families). It also adds a 3.8% "Unearned Income Medicare Contribution" oninvestmentincome (interest, dividends, annuities, royalties, capital gains, and rents) for taxpayers with Adjusted Gross Incomes above those same threshholds. Those new taxes would take effect in 2013. The complete bill is 1,018 pages long! It's going to take some time to analyze -- Jeffrey Barth, CPA is paying close attention to how it impacts our clients and keeping them informed as details emerge. If your not already a client of Jeffrey Barth, CPA and looking to develop a strategic relationship with a proactive tax planner and adviser, be sure to call us at 440-377-2388 to learn more about how we may be able to be of service to you. ...read more
By Jeff Barth, CPA (Accounting, Tax, Payroll, QuickBooks Services) June 21, 2010
Now that the deadline for filing personal 2009 income tax returns is passed, the last thing most Americans are probably thinking about is their 2010 taxes. Unfortunately, they should be. "Over a lifetime, the amount of income tax paid by Americans will exceed what they spend on food, shelter and clothing combined," says Jeffrey Barth, CPA, Partner at Channels&Barth LLP. "Taxes eat away at a person's income and wealth, so it pays to be proactive, not passive, about reducing the amount of tax paid. By reducing your tax liability you can reach your financial goals more quickly." Since taking office, Obama has offered a variety of cuts for lower- and middle-income Americans. These include new credits for working individuals, expanded breaks for higher education, extended breaks for homebuyers, and even a temporary sales-tax deduction for new car purchases. While these changes have made taxes more complicated, they've done nothing to stall future tax hikes for higher incomes. Tax on ordinary income is currently capped at 33% and 35% for taxpayers in the highest brackets. On January 1, 2011, those rates rise automatically to 36% and 39.6% unless Congress votes to keep the Bush administration tax cuts. The recent healthcare reform act actually makes itharderto deduct healthcare costs, and imposes significant new taxes on investment income. With the federal budget deficit approaching $2trillionper year, many observers see the new healthcare taxes as the tip of a looming iceberg. Now is the right time to develop your knowledge about the recent tax changes and how they may impact your. However, intelligence alone is useless without the rightaction. Channels & Barth LLP has introduced the 2010 Obamalyzer – a proprietary approach to evaluating how recent tax regulations and changes may adversely impact your personal and business goals in 2010 and beyond. For a confidential evaluation and consultation contact Jeffrey Barth, CPA today before July 15, 2010. Call Jeff at 1-866-633-3061 or <<LOCAL NUMBER>> today. ...read more
By Jeff Barth, CPA (Accounting, Tax, Payroll, QuickBooks Services) June 21, 2010
Many people give money to family members as a gift in their time of need or if they come into a substantial amount of money. Giving money to a family member can sometimes be taxed; however, there are ways to avoid this this and give money to family members free of tax. ...read more
Many people have opted to learn to file their taxes themselves. This is a great way to save money, and it puts people in control of their own tax return. The process can be confusing, but there are enough resources to learn the correct method. ...read more