News

For Small Businesses: How to Prepare For and Respond to an IRS Audit

October 21, 2024

What triggers an IRS audit and how can you prepare if your business is selected?

Tax Advice: Is Your Money-Losing Activity a Hobby or a Business?

October 21, 2024

Transforming your hobby into a business can impact your taxes, especially if the activity loses money for some time. Here’s how you may be able to rightfully deduct losses.

For Small Businesses: On Keeping Your Business Separate From Its Real Estate

October 21, 2024

It may be advantageous to separate ownership of a business’s real estate from the business. But it isn’t always advisable. Here’s a look at the issues.

Tax Advice: Unlock Your Child's Potential By Investing in a 529 Plan

October 21, 2024

College costs have gone up sharply in the past few decades, so starting to save early is a smart move. One option is to invest in a tax-advantaged 529 plan.

Tax Advice: Make Year-End Tax Planning Moves Before It's Too Late

October 8, 2024

Taking proactive steps now could help reduce your tax liability for 2024 and 2025. Here are some considerations.

Q4 2024 Tax Calendar, provided by NMS CPA, local Ohio CPA firm

For Small Businesses: 2024 Q4 Tax Calendar

October 8, 2024

Mark your calendar: It’s time for businesses to start thinking about the fourth quarter 2024 tax filing deadlines.

Tax Advice: Deduct Seller-Paid Points as the Real Estate Market Improves?

October 8, 2024

When you buy a house, can you deduct seller-paid points on your tax return? Here are the rules.

For Small Businesses: Do You Need to Report Employee Health Coverage?

October 8, 2024

Form 1095-C is filed with the IRS and given to full-time employees of “applicable large employers.” Which employers fall under this category, and what are their obligations?

20 Year Hall of Fame Award given to NMS CPA, certified public accountants near Mentor, Ohio

NMS Recognized Among 2023 Fast Track 50 Honorees

November 26, 2023

"25 Emerging Fast Track 50 & 20-Year Hall of Fame Winner"

Middlefield Acquisition Announcement

July 15, 2022

NMS is excited to announce the acquisition of Ted Reed Accounting.

New Secure Payment Portal!

March 7, 2018

We are pleased to offer new flexible ways to pay for your NMS services. From now on, our new secure online payment portal link will be located at the bottom of your invoice and reminder statements!