Switzer, Roy & Jones

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Dublin, OH
Switzer, Roy & Jones

Switzer, Roy & Jones has been trusted partners in the Dublin community.

For years our dedicated team of employees, focus on our clients and keen attention to detail have helped our clients and their businesses reach their full potential.

07/14/2026

Limited partner status in a business generally offers valuable benefits, including liability protection and self-employment tax advantages. But it may also limit your ability to deduct partnership losses under the passive activity loss rules. Passive losses are usually deductible only against passive income unless you materially participate in the business. Limited partners face a tougher standard than general partners. Certain work, such as investor activities or tasks not customarily performed by owners, may not count toward material participation. Other limitations may also apply. Before investing in a limited partnership or claiming losses, contact us to discuss the tax implications.

07/13/2026

IRS or state tax problems don’t have to derail your business. Many issues can be resolved when they’re addressed promptly and strategically.

If you or your business receives a tax notice from the IRS or a state agency, don’t ignore it. Be mindful of the notice’s deadline and work with your tax advisor to prepare supporting documentation and an appropriate response. If you owe back taxes that you can’t pay in full, explore potential relief options, such as a temporary delay in collection due to hardship, an installment agreement or payment plan, or a settlement plan.

We can help you communicate with tax authorities and create a plan to get your business back on track. Contact us to learn more.

07/10/2026

Employers: Adding a Roth feature to your 401(k) plan can give employees more flexibility in saving for retirement. But it’s a decision you must consider carefully. Unlike traditional pretax deferrals, Roth contributions are made after tax, so qualified distributions are tax-free. This feature may appeal to younger workers, higher-paid employees who can’t contribute directly to a Roth IRA and older employees affected by recent changes to the catch-up contribution rules. However, it also brings added administrative, payroll, recordkeeping and communication responsibilities. Contact us for help evaluating the strategy and implementing a Roth feature if you decide to move forward.

07/09/2026

Hiring seasonal employees can help businesses meet peak demand, but it also comes with important tax responsibilities. Employers must verify work eligibility, properly classify workers as employees (not independent contractors), withhold payroll taxes and report wages on the appropriate tax forms. Seasonal employees are generally subject to the same federal payroll tax rules as year-round staff, even if they work for only a short time. Proper planning can help you avoid costly payroll mistakes and compliance issues. Contact us if you need guidance before bringing on seasonal workers. For information from the IRS: https://bit.ly/4eXWK3O

07/08/2026

Will your Social Security benefits be taxable? A portion might be. How much depends on your provisional income, your overall income and IRS thresholds.

Provisional income is your adjusted gross income with some additional calculations. You may have to report up to 85% of your Social Security benefits as taxable income if your provisional income is over $34,000 ($44,000 for joint filers). If you file separately from your spouse who lived with you at any time during the year, the threshold is $0.

Smart tax planning can potentially reduce your liability. We can help project your provisional income and review your overall tax situation to identify strategies that make sense for you.

07/07/2026

If you rent out your primary or secondary residence for no more than 14 days this year, you may be eligible for a tax break known as the “Augusta rule.” The rule allows eligible homeowners to temporarily rent out their homes without reporting the rental income on their personal tax returns. Homeowners typically take advantage of the rule when renting their homes to tourists. Business owners who rent their homes to their businesses for short, event-driven occasions can potentially deduct the rent paid as a business expense while excluding the rental payments from their individual taxable income. But strict compliance with IRS rules is essential. Contact us to learn the details.

07/06/2026

What’s the right entity type for your new business? Two popular options for closely held businesses with multiple owners are LLCs taxed as partnerships and S corporations.

Both offer pass-through taxation, meaning tax items pass through to the individual owners and are reported on their personal returns. But they differ in important ways, such as self-employment tax, loss deductions, ownership flexibility and eligibility requirements.

Before making your decision, contact us. Taxes play a pivotal role in this decision. We can work with you and your legal advisors to determine the optimal setup for your situation.

07/03/2026

Smooth leadership transitions depend on a business’s “bench strength” — the depth of employees prepared to step into critical roles when unexpected departures occur. Building a deep internal talent pool is one of the most effective ways to support your succession plan and protect your organization’s stability. Start by identifying potential leadership gaps and talented employees. You should also provide leadership training, mentoring programs, cross-functional projects and job rotations so your employees gain experience beyond their current responsibilities. We can help you create a succession plan and strengthen your bench.

07/02/2026

The National Taxpayer Advocate reports that most taxpayers had a smooth 2026 filing season, primarily due to continued IRS progress in transforming its IT systems. However, the 2026 midyear report to Congress (https://bit.ly/4g2hoSu ) also highlights ongoing issues, including refund delays for some taxpayers, identity theft case backlogs and processing challenges for certain returns. Looking ahead, the Advocate’s 2027 objectives include speeding paper-check refunds, resolving identity theft cases more quickly, improving IRS communication and making it easier for tax professionals to assist clients. The independent Taxpayer Advocate Service helps resolve IRS issues and protect taxpayer rights.

07/01/2026

Rising home values are leaving some homeowners with large gains when they sell. But that doesn’t necessarily mean a large tax bill. If you sell your principal residence and meet certain requirements, you can exclude up to $250,000 of gain ($500,000 for joint filers). Gain that exceeds the exclusion or doesn’t qualify for it, however, is subject to long-term capital gains tax (or short-term capital gains tax if you haven’t owned the home for more than a year). It also could be subject to the net investment income tax if your income is over a certain amount. Contact us before putting your home on the market. We can help you estimate the tax impact and discuss possible planning opportunities.

Address

5555 Frantz Road
Dublin, OH
43017

Website

http://www.SwitzerRoy.com/

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