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Jones & Fry CPA

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Greenville, OH
Jones & Fry CPA

Since its inception in 1949, our accounting firm has served this community with a combination of pro

09/04/2026

Offering severance can help employers manage difficult workforce transitions. But if you’re considering it for your organization, be sure to account for the total financial impact beyond the payment itself. Severance generally constitutes taxable wages subject to withholding and employment taxes. Meanwhile, accrued paid leave, continuation of benefits and professional fees may add to the total cost of an employee’s departure. Payment timing can also affect your cash flow. And because state laws govern how severance may affect unemployment benefits, don’t assume it will prevent a claim. Contact us to evaluate all the tax and financial implications.

09/03/2026

You don’t have to engage with the IRS on your own. The tax agency allows third-party authorizations, meaning you can ask a family member, friend, tax advisor or attorney to help with tax matters you specify. You may provide power of attorney to professionals authorized to practice before the IRS. They can represent and sign for you and receive your IRS communications. Other designations include “tax information authorization,” which enables someone to view your tax data and “third-party designee,” which lets someone discuss your return with the IRS. If you bring someone to an IRS meeting, the attendee only requires an “oral disclosure.” You can revoke an authorization at any time.

09/02/2026

Teachers and other educators often spend their own money on books, supplies, equipment and other classroom needs. For 2026, eligible educators may have two ways to deduct qualifying unreimbursed expenses: A deduction of up to $350 is available whether or not they itemize, and a new deduction with no dollar cap is available to itemizers. Educators eligible for both deductions can first claim the above-the-line deduction and reap the benefits of reducing their adjusted gross income and, if they have eligible expenses in excess of $350, claim the itemized deduction for those excess expenses. (Educators can’t claim both deductions for the same expenses.) Contact us to see if you may be eligible.

09/01/2026

U.S. businesses that export goods to Canada should prepare for tariffs taking effect Sept. 8, 2026. Canada will impose tariffs of 15%, 25% or 50% on certain U.S.-origin products, with rates varying by product. Affected sectors include agricultural equipment, appliances, dairy, electronics, pulp and paper, and steel. The measures apply only to goods originating in the United States. U.S. goods already in transit to Canada when the tariffs take effect generally won’t be subject to these tariffs. If your products are subject to the tariffs, Canadian importers may seek price concessions to offset tariff costs, or you might become less competitive there. Contact us to discuss the potential impact.

08/31/2026

To attract and retain skilled workers, your small business needs to offer more than competitive pay. Your benefits package matters, too.

Tax-free fringe benefits may be especially valuable to employees. Examples include many types of insurance (health, disability, long-term care and life), assistance plans (dependent care, adoption and educational) and transportation benefits, subject to certain limits. The One Big Beautiful Bill Act also changed some fringe-benefit tax rules for 2026 and beyond.

Open enrollment is right around the corner for many businesses. As you review your 2027 benefits package, contact us for help evaluating your current offerings and fine-tuning them as needed.

08/28/2026

Has your business’s bookkeeping fallen behind? Getting back on track is often easier than you think. With a disciplined approach and the right support, you can regain control. Start by organizing key records, identifying incomplete bookkeeping tasks and addressing outstanding tax issues. Accounting platforms, such as QuickBooks, can help streamline the process. Once your books are current, you’ll be ready to monitor profitability, manage cash flow and plan for growth. If you need assistance catching up, contact us. We can help ensure you have the right tools and the timely, reliable data your business needs.

08/27/2026

Improving accessibility at your business may come with a valuable tax break: Eligible small businesses can claim the Disabled Access Credit for certain costs related to improving accessibility for individuals with disabilities. A business may qualify if, in the prior tax year, it had gross receipts of $1 million or less or no more than 30 full-time employees. The credit equals 50% of eligible expenses above $250 but not above $10,250. Examples of potentially eligible costs include providing interpreters for people with hearing impairments, providing readers for people with visual impairments, and acquiring or modifying equipment or devices. We’re here if you need guidance on the credit.

08/26/2026

Employees may occasionally need to take medical leave, creating a difficult situation for both the individual and organization. A formal return-to-work program can help you support these workers while mitigating the operational and financial impact. Such programs take a systematic, thoughtful approach to communicating with employees on leave and easing their transitions back to work. Best practices include starting early, designating a clear contact, and establishing a consistent approach for evaluating work-related restrictions and potential adjustments in line with federal and state laws. We can help you explore the financial impact of implementing a return-to-work program.

08/25/2026

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations clarifying the investment options allowed during the “growth period.” This period begins when the beneficiary’s initial account is established and ends on Dec. 31 of the year the child turns 17. During this time, eligible investments generally include mutual funds or exchange-traded funds that track an equity index of mainly U.S. companies, don’t use leverage, and have annual fees and expenses of no more than 0.1% of the fund’s balance. The proposed regulations would apply to tax years starting on or after Jan. 1, 2026. Contact us with questions.

08/24/2026

Could your traditional 401(k) or IRA balance be too large? Maybe!

Contributing as much as you can to tax-deferred retirement accounts can be a good idea. Contributions are pretax or deductible, and tax-deferred compounding can turbocharge growth.

But sometimes maximizing tax deferral is counterproductive. This may be true if tax rates increase by the time you pay tax on distributions. Also, retirement plan distributions are taxed at your ordinary-income rate, not your long-term capital gains rate. So you may pay a higher tax rate on dividends and growth than you would if you held the investments in a taxable account.

Fortunately, there are strategies that can help. Contact us to learn more.

Address

300 W Main Street
Greenville, OH
45331

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Telephone

(937) 548-3106

Website

http://www.frycpas.com/

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