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Hinckley Location
29 West 130th Street
Suite A
Hinckley, OH 44233
Phone: 330-220-2722
Fax: 330-220-1200

Tax Tips

Tax Tips are not a substitute for legal, accounting, tax, investment or other professional advice. Always consult with your trusted accounting advisor before acting upon any Tax Tip.
MAY 2012 TAX TIPS
[Previous Tax Tips]

May 1, 2012 Tax Tips


How to Protect Trade Secrets
If you own and operate a small business you may not have considered the need to protect “trade secrets”. Many business owners make the mistake of assuming that the protection of trade secrets is something that only applies to large corporations. [continue]

How to Minimize the Possibility of a Wrongful Termination Lawsuit
As a small business owner, a wrongful termination lawsuit can quickly drain capital reserves, even if you ultimately win the lawsuit. While there is no sure fire way to prevent the possibility of a wrongful termination lawsuit, there are steps you can take to prevent a previous employee from filing one, or at least be prepared in the event one is filed. [continue]

Business Insurance Coverage Options
Small business owners may be overwhelmed with information regarding insurance options and requirements. While insurance in some cases is optional, there are reasons to have specific types of insurance for your small business. [continue]

Background Check Laws
Understanding when a background check is required, when one is allowed, and what information can be used as the result of a background check is crucial for a small business owner in order to avoid fines, penalties and even litigation. [continue]



May 15, 2012 Tax Tips


Gifting Rules for Tax Purposes
The Internal Revenue Service, or IRS, code requires a taxpayer to pay taxes on gifts. Because of the high rate at which gifts are taxed, a taxpayer should pay close attention to the various options available to avoid or limit the amount of gift taxes due. [continue]

Tax Benefits for Adoption
If you have recently adopted a child or are considering adoption in the future, you may be eligible for tax benefits. [continue]

5 Ways Life Insurance Benefits Small Business Owners
We're all familiar with the need to insure the life of a breadwinner to protect a spouse and children from financial catastrophe. But business owners have some special needs to address, too, over and above their role as breadwinners for their families. [continue]

QuickBooks Tips And Tricks: Make it Yours
No matter which version of QuickBooks you're using, there are always ways to make your workday easier. If you jumped into QuickBooks without a thorough introduction, consider these tips. [continue]



TAX ADVICE DISCLAIMER: In accordance with IRS Circular 230, any tax advice included in this communication, including attachments, is not intended or written to be used, and cannot be used by you or any other person or entity, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions, nor may any such advice be used to promote, market or recommend to another party any transaction or matter addressed within this communication. If you would like such advice, please contact us.
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Hryshko & Associates is a Cleveland CPA firm that provides a wide variety of accounting, tax and financial management services. Our clients are located in towns like Cleveland, Akron, Strongsville, Parma, Shaker Heights, Maple Heights, Garfield Heights, Westlake, Brunswick, and more. We service clients in Cuyahoga County, Summit County and Medina County.