Choosing the Right Business Structure: Tax Implications You Need to Know

Tanner R. Stiert, CPA

Determining the best business structure is vital for your success and has a direct impact on your tax responsibilities. Different structures—such as sole proprietorships, partnerships, LLCs, and corporations—each have unique tax implications that can influence your overall profitability. Gaining insight into these variations is crucial for effective tax planning and compliance.

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Forecasting Techniques to Drive Business Growth: Simple Steps for Success

Brennan W. Otto, CPA

Effective forecasting is essential for driving business growth and making informed decisions. By employing reliable forecasting techniques, you can gain valuable insights into market trends and customer behavior. Understanding these simple steps can empower you to create actionable strategies that lead to sustainable success.

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Why Filing an Extension Can Benefit Your Tax Preparation

As the year draws to a close, our firm has completed its annual business review and is now preparing for the 2025 tax season. With ongoing regulatory changes impacting this season, you may hear from us next month regarding the option of filing an extension. This will help us maintain the highest level of accuracy and thoroughness in preparing your returns. We recommend reading this article on when filing an extension can be a smart strategy: Can’t File by April 15? When Filing an Extension is a Good Strategy.

Firm News

Thank you for being part of our 9th Annual Shred Day! 

We’re excited to share the results of this year’s Shred Day! We collected a record 36,891 lbs. of paper—equivalent to recycling an entire Greyhound bus—and saved over 313 trees!



Special thanks to our Norwalk team for leading with 22,818 lbs., while Sandusky contributed 14,073 lbs. Thank you to everyone who participated and made this event a success!

Payne Nickles & Company Recognized as an Inside Best of The Best Firms 

We are excited to announce that Payne Nickles & Company has been named an IPA Best of the Best Firm for 2024! This recognition, based on responses from 620 firms in the INSIDE Public Accounting Practice Management Survey, highlights our commitment to excellence and leadership in the industry.

A huge thank you to our dedicated team and valued clients for helping us achieve this incredible honor. We are proud to continue delivering exceptional service and expertise.