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Banks, Wilging & Associates, an Ohio Certified Public Accounting (CPA) firm
The professionals at Banks, Wilging & Associates are more than accountants. We are strategic planners, business coaches, consultants and long-term partners. The addition of our expertise and the ability to make accurate, intelligent judgements about people and situations adds an important dimension to our clients' businesses. Our focus is where it should be - sharing your vision and positioning you for success.
IRS is working on a major compliance initiative to sniff out gift tax cheats. It estimates that between 60% and 90% of taxpayers who transfer real estate for little or no consideration to family members fail to file Form 709 to report the gift.
Even...
Leasing a vehicle to use in your business is much cheaper this year. The amount taxed is about 50% less than in 2010 (Rev. Proc. 2011-21). If a vehicle that’s worth more than $18,500 is first leased for business during 2011, the lessee must pay inco...