News

Building blocks with health related icons imprinted on them, next to words "Medical expense deduction?"

Tax Advice: It's Possible (But Not Easy) to Claim a Medical Expense Tax Deduction

January 3, 2024

Out-of-pocket medical expenses can cost you a bundle. Can you deduct these expenses on your tax return? The requirements and limits may make it difficult. Here are the rules.

Graphic of money bills and smart phone with words "Like-Kind Exchange"

For Small Businesses: Defer a Current Tax Bill with a Like-Kind Exchange

January 3, 2024

The real estate market has been tough recently. But there are still large profits being made on some business property. In these cases, a “like-kind” exchange may be attractive when selling commercial or investment real estate.

Gavel and sound block next to word "Damages"

Tax Advice: On Court Awards & Out-of-Court Settlements

January 3, 2024

You want the best tax result possible if you’re set to receive a personal injury or discrimination settlement or award. Some amounts are taxable while others are excluded from your taxable income. Here are the rules.

Graphic of a couple moving in a car, with words "Moving South" written on the car

Tax Advice: When Contemplating a Move to Another State

January 3, 2024

Are you dreaming of retiring to another state to escape cold weather or to be close to loved ones? Before calling the moving truck, examine the state and local tax implications.

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.

Overview of Pandemic Relief Bill for Businesses

January 13, 2021

What follows is a summary of the stimulus relief for businesses that is part of the Consolidated Appropriations Act, 2021 (H.R. 133) which was signed into law on December 27, 2020.

COVID-19 Update 3-23-20

March 23, 2020

NMS will remain open, but no clients will be allowed into our offices for your health and safety and ours. Read on for how we'll still be here for you - only virtually!

Tax Deadline Update 3-18-20

March 18, 2020

Despite rumors, the un-extended due date to file your individual tax returns remains April 15. What has changed? Read more here.

COVID-19 Update 3-16-20

March 16, 2020

NMS remains open for business. However, we have made substantial changes to our business practices until the risks of this health event subside. Read on for details.

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!