If you're a business owner doing your own taxes in Ohio, you could be missing out on Ohio tax refunds. When it comes to filing your taxes in Ohio, many people leave money on the table—money that could make a big difference in their finances. Whether you're an individual taxpayer or a business owner, Ohio offers several tax benefits and deductions that often go unnoticed, especially when relying on generic tax software (i.e. TurboTax).
That’s where Ken-Mar Tax can help. With years of experience in Ohio tax preparation and consultation, Ken Weinberg, EA, specializes in uncovering hidden opportunities to maximize your tax refund - especially for small business owners and contractors.
Hidden Ohio Tax Refunds: Opportunities for Small Business Owners
Did you know that Ohio allows you to amend your tax returns for up to four years to claim missed refunds? That means you could potentially reclaim money you didn’t even realize was owed to you! However, most off-the-shelf tax software isn’t programmed to identify these state-specific deductions. Here are a few Ohio tax benefits you might be missing:
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Private School Tuition Tax Credit in Ohio
- Ohio offers a credit of up to $1,500 per child for tuition paid to certain private schools. If you’ve been paying out-of-pocket for your child’s education, this credit could help offset those costs.
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Business Income Deduction for Ohio Business Owners
- Are you a business owner? Ohio provides a deduction of up to $250,000 on business income. This can significantly reduce your taxable income and save you thousands.
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Not too Late for Ohio Tax Refunds: Amended Returns
- If you’ve overlooked deductions because you filed using TurboTax, or for any reason, Ohio gives you a second chance to correct your return. By amending your taxes within the four-year window, you may be able to reclaim missed deductions or credits.
Why Choose Ken-Mar Tax for Ohio Tax Preparation?
At Ken-Mar Tax, we take a personalized approach to tax preparation. As an Enrolled Agent (EA), Ken Weinberg is federally authorized to represent taxpayers before the IRS. That means you’re working with someone who understands the nuances of tax law and can navigate both state and federal systems.
- No Risk Consultation: Wondering if you’re eligible for a refund or missed deductions? Ken offers a free initial consultation to assess your situation and find opportunities to maximize your return.
- Expert Guidance: From preparing your current-year taxes to amending past returns, Ken provides hands-on assistance every step of the way.
- Tailored Strategies: Unlike generic tax software, Ken takes the time to understand your unique circumstances, ensuring you take advantage of every deduction and credit available.
Don’t Leave Money on the Table
Filing your Ohio taxes doesn’t have to be a hassle. With expert help from Ken-Mar Tax, you can ensure your return is accurate, complete, and optimized to get you the most money back.
Contact Ken today at [email protected] to schedule your free consultation. Whether you need help filing this year’s taxes or want to revisit previous returns, Ken-Mar Tax is here to help you maximize your savings and gain peace of mind.
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Small Business Tax Services
As an expert in small business tax services and tax consulting Ken-Mar Tax eats, sleeps and breathes small business tax strategies. Being an enrolled agent allows founder, Ken Weinberg, to represent you to the IRS - something only a CPA, tax attorney and Enrolled Agent can do. EAs are the only federally licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the IRS. It also means he is continuously being updated on the new IRS tax codes and taking classes from the IRS that provide guidance on how to file returns so that they are not "flagged."
When you get your taxes prepared by Ken Mar Tax you also have the option to purchase the Tax Audit Protection Plan to avoid the extra costs of paying for audit representation. If you are audited by the IRS, State of Ohio or local taxing authorities, Ken-Mar Tax will meet with the taxing authorities on your behalf to negotiate a settlement for you. The fee covers all costs up to the Appeals level, including up to 15 hours of correspondence with the auditing party – either the IRS, State of Ohio or locality.
