Tax Accountants Parkersburg, WV & PPP | Perry & Associates

How Can Tax Accountants in Parkersburg WV Help You Navigate the PPP Forgiveness?


In March 2020, the US government passed the CARES Act in order to provide financial assistance to businesses struggling with the effects of COVID-19. A large portion of these emergency funds went to the Paycheck Protection Program (PPP), which helps businesses keep employees on payroll during shutdowns. Perry & Associates broke down the CARES ACT in an earlier news article, and you can read that here.


It’s important to know that the PPP is not like the federal stimulus checks that were sent to individual taxpayers. The stimulus checks can be used for any purpose. PPP funds, however, have specific requirements for how they are used.


Tax Accountants in Parkersburg, WV – Necessary or Not?


Many of the most recent inquiries that have come to tax accountants in Parkersburg WV have been in relation to the PPP forgiveness. While some businesses are more than ready to have a local CPA firm handle the intricacies of the forgiveness process, some small businesses may still be hesitant as to whether or not an accountant is necessary for this process.


Our answer: Yes!


Of course we would say that…right? We’re accountants. While that is quite true and we do find an odd amount of enjoyment from things that most of the population abhors, we believe an accountant is necessary beyond just what it means to us.


Because although a tax accountant isn’t required for the PPP, a lot can go wrong when dealing with complicated government legislation.


Parkersburg, WV Accountants Help with PPP Forgiveness


If you’ve received the PPP loan, here are five reasons why you should look for a tax accountant in Parkersburg, WV to help you navigate all PPP-related accounting.



  • Make Filing Season a Breeze


Tax season is complicated no matter what, but filing your 2020 taxes will be even trickier if you took government assistance. In order to receive payment forgiveness, you must show that you used funds for payroll-related expenses. A tax accountant will keep your records in order now until filing day.



  • Receive Maximum PPP Forgiveness


A tax accountant will make sure you claim every eligible expense this year. You’re busy running your business, and it can be hard to stay up to date on the details of new legislation. For example, did you know that the government passed the Paycheck Protection Flexibility Act that changes the initial terms of the PPP loan? A tax accountant will keep your finances in order and get you the most forgiveness possible despite any changes to the law.



  • Keep Track of Multiple Programs


The PPP is not the only assistance program for small businesses struggling during COVID-19. You can take advantage of state and local initiatives, too. Governor Justice recently announced a grant program for West Virginia small businesses. Small businesses can receive up to $5,000 to cover COVID-19-related expenses. Read our recent email for more details on the program. You will need a tax accountant to make sure you stay in compliance with each of these separate programs.



  • Avoid Penalties


If you spend PPP funds on items that aren’t eligible for forgiveness, your PPP funds will convert into a traditional loan with a maximum interest rate of 4% and a 10-year repayment window. This applies to honest mistakes as much as it applies to intentional fraud. A tax accountant can protect you from making honest mistakes. When in doubt, trust the experts.


Perry & Associates serve small businesses with tax accountant services in Parkersburg, WV. We put your mind at ease so that you can focus on leading your business through these unprecedented times. Learn more about the accounting service that’s right for you.


Contact us today. 


CPA Firms Near Me on COVID Tax Breaks | Perry & Associates

cpa firms near me help employee retainment during covid as employees wear masks and see demonstrationWhat Do CPA Firms Near Me Know About COVID Tax Breaks?


The federal government has just released even more information regarding financial flexibility plans for businesses. This time they’ve released information on new COVID-19 tax credits. If you’re looking for “CPA firms near me” that can give advice on COVID-19 tax breaks, you’ve come to the right place. Perry & Associates has a team of professionals that are daily staying current on COVID related news and updates. Here’s a quick description of the tax credits currently available.


Employee Retention Credit

In an effort to avoid mass layoffs and economic uncertainty, the federal government is offering tax breaks to businesses who retain employees during the shutdown. According to the IRS, “The refundable tax credit is 50% of up to $10,000 in wages” for employees kept on payroll. This applies to any business that has been financially impacted by the COVID-19 pandemic.


Your business has been financially impacted by the COVID-19 pandemic if:

  • Your business operations were restricted to some degree by a government order
  • Your 2020 quarterly gross receipts are below 50% of a comparable quarter from 2019


If you are a small business that has taken a small business loan, you will not be eligible for this Employee Retention Credit. State and local governments are also excluded from participating.


Because this tax credit requires careful accounting and reporting each quarter, we recommend you do your due diligence. Do a search for “cpa firms near me” and find a firm that will handle your accounting and reporting with high attention to detail.


Paid Sick Leave Credit


The Paid Sick Leave Credit and Family Leave Credit is aimed at promoting self-quarantine and sick leave during the COVID-19 crisis. The federal government wants to encourage business owners and managers to support workers who choose to stay home due to fever and other symptoms. This will keep the rate of viral transmission low.


The IRS says that, “Employees are entitled to paid sick leave for up to 10 days (up to 80 hours) at the employee’s regular rate of pay up to $511 per day and $5,110 in total.”


In addition, your business can receive tax credits for COVID-19 caregivers. Sick leave applies to employees who take off time to care for:


  • someone else with Coronavirus
  • a child whose school, place of care, or childcare provider has become unavailable.


Qualifying employees can receive paid sick leave for up to two weeks (up to 80 hours) at 2/3 the employee’s regular rate of pay or up to $200 per day and $2,000 in total.

Family Leave Credit

Under the unique conditions of COVID-19, employees are additionally entitled to paid family and medical leave equal to:


  • 2/3 of the employee’s regular pay
  • up to $200 per day and $10,000 in total.


Employers can apply up to 10 weeks of qualifying leave towards the family leave credit.

Receiving the Paid Sick Leave and Family Leave Credits

Employers don’t have to wait for a deposit or reimbursement on their annual taxes to take advantage of these credits. You can receive your credit by deducting the taxable amounts from your quarterly tax payments. This applies to the period of April 1, 2020, through December 31, 2020.


Help from CPA Firms Near You

Perry & Associates CPAs are ready to help. Contact us if you are unsure about what wages and sick leave items to claim as tax credits. Most importantly, work with us to make sure you’re receiving the largest tax credit available.


Perry & Associates CPAs has 5 offices throughout Southeast Ohio and nearby West Virginia. Search for one of our CPA firms near you.


What the Paycheck Protection Flexibility Act Means For You | Perry And Associates CPAs

What Is the Paycheck Protection Flexibility Act ?

And How it’s Changed the Paycheck Protection Program 


When the Paycheck Protection Program (PPP) was signed into law under the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27th, 2020, the terms allowed small businesses and nonprofit organizations with 500 or less employees to have access to federally guaranteed loans that could be used to support payroll, rent, utilities, and a few other specified costs over an eight week time period from the beginning of the loan. The terms also required that 75% of the amount loaned must have been used on employee payroll in order for the loan to qualify as “forgivable” at the end of the 8 week period.


As of June 5th, 2020, these terms have been amended and signed into law as the Paycheck Protection Flexibility Act (PPFA). This developed as a rising need to accommodate the businesses that have struggled to spend the required amount of funds (75%) on payroll in just 8 weeks when many of those same businesses were or are still closed due to government mandates. The new PPFA changes now allow for expenditure of loan funds over a 24-week period, ending on December 31st, 2020 at the latest. The changes as addressed in the Paycheck Protection Flexibility Act and their effects on your business are explained below.


The period of coverage has been extended.

Now, instead of just 8 weeks of coverage for payroll, rent, utilities, etc., the loan is eligible for 24 weeks of coverage from the loan start date. This does NOT, however, automatically apply to already-existing PPP loans; borrowers must discuss necessary amendments of the terms of their loan with their lenders individually. Paycheck Protection loans must still be applied for by June 30th, 2020. This has not changed. The latest date that your 24-week period can end on is December, 31st 2020. Failure to apply for loan forgiveness within 10 months of the covered period will result in payments being due.


The percentage of the loan that must be spent on payroll has decreased.

The previous PPP guidelines said that 75% of the loan amount was to be spent on payroll in order for the loan to qualify for complete forgiveness. This amount has now decreased to 60%; however if this 60% is not reached, the entire amount of the loan will be deemed unforgivable. Under the previous loan terms, the borrower is required to reduce the amount forgivable if the 75% payroll threshold is not met, but forgiveness was not altogether eliminated. These are important factors to consider when deciding if you wish to keep the existing terms of your loan if you already applied, or if you wish to discuss amendments with your borrower under the new PPFA terms.


If you do not qualify for forgiveness, the repayment period has been extended.

Even though any loan forgiveness is off of the table if 60% of your loan amount is not applied towards payroll under the new PPFA terms, the period allowed for loan repayment has now been extended from two years to five years, and the interest rate still remains 1%. There are also new exceptions that allow borrowers to achieve loan forgiveness even if their full workforce is not restored within the allotted time. The previous PPP terms already allowed borrowers to exclude employees who turned down re-hire offers at the same hours and wages that they had pre-pandemic. Now the PPFA revisions also allow for adjustments if borrowers were unable to find qualified employees, or if businesses were unable to restore their operations to previous levels due to COVID-19 operating restrictions.


Payroll taxes can now be deferred even if you received a PPP loan.

Borrowers are now allowed to defer FICA  payroll taxes for two years, even if they received a PPP loan. This will make half of the amount of payroll taxes due in 2021 and the other half due in 2022.


*Please remember that none of these amendments automatically apply to pre-existing PPP loans taken before June 5th, 2020. Revision of loan terms must be discussed with lenders.



Need help determining the next steps financially for your business?


At Perry & Associates, it’s our business to support your business. That includes the various changes and challenges that have arisen with this pandemic. We are staying abreast of the constant stream of updates and alterations to business finance, lending and tax laws as they pertain to the COVID-19 crisis. We’re here for questions, support and practical assistance. Call us at (740) 373-0056 to be directed to any of the five regional offices we have throughout the Mid-Ohio Valley.


businesswoman looking at figures for main street lending program

Qualifying For The Main Street Lending Program | Perry And Associates CPAs

businesswoman looking at figures for main street lending programMain Street Lending Program: An Unprecedented Move


The Coronavirus pandemic has forced some of the most unprecedented government actions that we’ve seen in decades. One of them being the Main Street Lending Program. Why so unique? Because this is the first time since the Great Depression that the Federal Reserve is lending to organizations outside of the banking industry. And it’s big news.


Of course, this type of news produces various conflicting opinions and interpretations of the program. Here we’ve attempted to simplify the information and provide answers to many of the questions we are receiving.


What is the Main Street Lending Program?


Bottom line, the Main Street Lending Program is a vehicle through which the Federal Reserve Bank of the United States will purchase a percentage of eligible loans that are given to small or medium businesses that have been negatively impacted financially by the coronavirus pandemic.


The Federal Reserve has allocated $600 Billion Dollars towards this initiative, and the U.S. Treasury has set aside $75 billion to offset potential losses due to the high-risk nature of this lending program.


Banks will be the actual lenders to the borrowing businesses, but the Federal Reserves will buy up to 95% of the cost of the loan to minimize risk to the banks themselves.

The loans terms will be for up to four years, below market rates, and payments can be deferrable for up to one year. The current minimum loan size is $500,000 and the current maximum loan size is $200 million.


In some cases, borrowers will be able to use the loan to refinance existing debt.

However, Main Street loans are not forgivable. Under section 4003(d)(3) of the CARES Act, the amount of a Main Street loan cannot be reduced through loan forgiveness.

The Federal Reserve will stop purchasing loan participations on September 30, 2020 unless it is decided that the program will be extended.


Who can Apply for a Loan through the Main Street Lending Program?


Eligible businesses must have either 15,000 employees or less or have had 2019 revenues of $5 billion or less. They also must have been established prior to March 13th, 2020.


Eligible businesses must be U.S. businesses created or organized in the United States (or under the law of the United States) with the majority of all operations and employees located within the U.S.


Borrowers must not have participated in the Primary Market Corporate Credit Facility (PMCCF), and they must not have received any prior support under section 4003(b)(1)-(3) of the CARES Act.


Non-profit organizations are not currently eligible at this time.


The goal of this program was to extend relief to medium-sized businesses who were in good financial standing before the COVID-19 pandemic, and have suffered due to local government stay-at-home and closure orders. More specifically, the targeted businesses seem to be those that fell between the PPP loans for small businesses and the large businesses that are able to sell bonds to the Federal Reserve corporate lending facilities.


To minimize risk and to increase effectiveness of the loan, the Federal Reserve wants to avoid lending to businesses that were in poor standing and at severe financial risk before the pandemic, and they also want to avoid lending to businesses that have maintained good financial standing despite the pandemic.


What are the Three Different Types of Loans through the Main Street Lending Program?


There are currently three different loan options under the Federal Reserve Main Street Program. Each of the three options adhere to the same exact eligibility rules and terms stated above. Other features, such as how the loan deals with the borrower’s already outstanding debt, differ between options.


Type 1: the MSNLF (Main Street New Loan Facility)


In this option, eligible lenders extend new loans to eligible borrowers ranging in size from $500,000 to $25 million. The maximum size of this loan cannot exceed four times the Eligible Borrower’s adjusted 2019 earnings before interest, taxes, depreciation, and amortization when added to the borrower’s pre-crisis outstanding and undrawn available debt.


Type 2: the MSPLF (Main Street Priority Loan Facility)


In this option, eligible lenders extend new loans to eligible borrowers ranging in size from $500,000 to $25 million. The maximum size of this loan cannot exceed six times the Eligible Borrower’s adjusted 2019 earnings before interest, taxes, depreciation, and amortization when added to the borrower’s pre-crisis outstanding and undrawn available debt.


At the time of origination and at all times thereafter, the loan must take priority above all other loans or debt instruments that the borrower has, other than mortgage debt. Eligible borrowers may, at the time of origination of the loan, refinance existing debt owed to a lender that is not the lender for the Main Street Loan.


Type 3: the MSELF (Main Street Expanded Loan Facility)


With this option, lenders can increase an eligible borrower’s existing term loan. It is still a four-year term loan, but can range in size from $10 million to $200 million. The maximum size of the loan cannot exceed 35% of the borrowers existing outstanding and undrawn available debt, secured or unsecured. Conversely, when the loan size is added to the borrower’s existing outstanding and undrawn available debt, it must be less than six times the Eligible Borrower’s adjusted 2019 EBITDA. At the time of upsizing and at all times thereafter, the upsized tranche must take priority above all the borrower’s other loans or debt other than mortgage debt.


Still have questions? We highly encourage you to seek clarification through the Federal Reserve’s FAQ page on the monetary policy of the Main Street Program.


Need Help with Determining the Next Steps Financially for your Business?


Perry & Associates CPAs has multiple offices throughout the Mid-Ohio and Ohio Valleys and we are ready to help you navigate this complex lending program.


Contact us for service you can trust!


Marietta, OH

(740) 373-0056


Cambridge, OH

(740) 435-3417


St. Clairsville, OH

(740) 695-1569


Vienna, WV

(304) 422-2203


Wheeling, WV

(304) 232-1358


Form 990 Filing Extension for NFPs

Not-For-Profit Form 990 Filing Extended to July 15


Not-for-Profits normally must file Form 990 on or before May 15; however the filing extensions granted to individuals and taxpayers were also granted to NFPs when the IRS issued Notice 2020-23. Form 990 now has an extended filing deadline of July 15, 2020. 


The following returns that qualify under this extension include:

  • Form 990, Return of Organization Exempt From Income Tax
  • Form 990-T, Exempt Organization Business Income Tax Return
  • Form 990-PF, Return of Private Foundation
  • Form 4720, Return of Certain Excise Taxes under Chapters 41 and 42 of the Internal Revenue Code


For more information about filing six-month filing extensions for Form 990 and related questions, please contact our CPAs. 


As always, the IRS keeps information updated frequently on their site. Visit the IRS’s Filing and Payment Deadline Questions and Answers for updated information. 


The AICPA also keeps on top of general education and updates concerning the new tax changes. 


For an overview of the disaster relief options available to you at this time, read through our FAQs About COVID-19 SBA Disaster Loans.

Forensic Unit Assists in Largest Fraud Case of Washington Co.

Perry’s Forensic Unit Helps Uncover Investing Fraud

1 million dollars is no small deal. Especially when it’s been stripped from you illegally. Unfortunately, for James Vuksic of Marietta, he’s had to be the one to bear the brunt of the largest fraud case Washington County has ever seen. Perpetrator Kendall Richards approached him with an elaborate funding opportunity that was projected to make him a sizable return on his investment. The plan seemed legitimate and profitable at first glance; however, months into it and over a million dollars later, nothing had materialized.

Paper and money trails were difficult to track, though, as the plan was to originate in Canada with the purchase of vehicles at Canadian auto auctions. An entire team of investigators worked tirelessly to determine and prove the fraud. Perry & Associates forensic unit teamed up with the Sheriff’s Detective Bureau, Interpol, the W.V. State Police, the Royal Canadian Mounted Police, U.S. Customs and the U.S. Treasury Department Financial Crimes Enforcement Network.

Read the full story from Marietta Times

Frequently Asked Questions about COVID-19 SBA Disaster Loans

What You Need to Know about Disaster Relief for Covid-19


On April 1, Perry & Associates reported that the president officially signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. We responded quickly and created a special COVID response group. Our expert accountants are ready to answer your accounting questions regarding the financial relief package.


Since creating the COVID response group, we have received hundreds of questions about the CARES Act. We are working around the clock to provide accurate and thorough answers.

However, we understand many of you need to access funds quickly. That’s why we’ve curated six, frequently asked SBA Disaster Loan questions so that you can make the right choices for your business as soon as possible.


SBA Disaster Loans – FAQs


Am I eligible for a coronavirus SBA disaster loan?

You may apply for CARES Act funds if your business has fewer than 500 workers. This includes corporations, non-profits, sole proprietorships, contractors, and freelancers. There is assistance for larger businesses, but those programs fall outside the scope of this article.


Are all SBA disaster loans the same?

No. There are a few distinct programs to the CARES Act. The two most popular programs are the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL).


  • The EIDL. These loans are made directly through the SBA, not local banks. After applying online, you may receive up to a $10,000 advance that will not have to be repaid whether or not you qualify for an additional loan. Additional loans can be maxed at $2 million and loans up to $200,000 don’t require personal collateral. Finally, an EIDL loan can’t go toward other loans or debt obligations. Apply here.


  • The PPP. These are 100% federally backed loans used to cover payroll-related expenses through June 30th. These loans will be forgiven if businesses retain employees at compensation levels similar to pre-crisis levels. Loans are made through banks and third-party lenders. For more information, see our PPP section below.


When will I receive my relief funds?

For EIDL advances up to $10,000, you could see that deposit within three days of your application. For loans beyond the initial $10,000, most sites claim turnaround time is 2-3 weeks. However, many businesses have seen delays longer than that. Expect to wait a week or two longer than promised before funds are approved and delivered. This applies to PPP loans, too. This situation is ongoing and may resolve at any time.


Paycheck Protection Program Questions


What information do I need to apply for a PPP loan?

These SBA disaster loans are provided through local lenders and backed by the federal government. Contact your bank or SBA representative to submit an application. You will need to include documentation stating the total number of employees on payroll along with their 2019 salaries and compensation levels. Also, submit verification for mortgages and utility payments.


Once I receive my PPP SBA disaster loan, are there restrictions on how I use it?

Yes. As you might expect, the PPP requires borrowers to use funds toward payroll-related costs. Eligible costs include: 

  • Payroll administrative fees 
  • Health-care benefits
  • Employee salaries, commissions, or similar compensation
  • Rent and/or mortgage payments
  • Utilities
  • Interest on debts taken on before the crisis

There are also salary eligibility restrictions. For example, loans will not be forgiven if they go toward any compensation over $100,000 per employee or compensated employees live outside the USA.


What happens if my loans aren’t forgiven?

If PPP funds don’t meet eligibility requirements, they might not be forgiven. Loans can only be forgiven if they are used to cover payroll expenses within the eight-week disaster window following the start of the loan. Businesses must also retain employees at salary levels comparable to compensation before the crisis.

If your business does not meet forgiveness criteria, then the funds will remain a traditional loan with a maximum interest rate of 4% and a 10-year repayment window. Loan fees or prepayment penalties will not be applied.

Thank you for reading through our SBA disaster loan FAQ. We hope you’re able to access the funds your business needs.

However, being approved for an SBA disaster loan is just the first step. You will need to track your expenses so that you can prove loan forgiveness eligibility. Together, we will make it through this unprecedented crisis.


Talk to one of our accounting experts, and let us set you up for success.

Call us at (740) 373-0056 or contact us online.

CARES Act and Paycheck Protection Program

The CARES Act with Paycheck Protection Program

The Relief Package Was Approved

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed by President Trump on Friday, March 27, 2020. There are multiple components to the relief funds that may benefit your business. A core element is the Paycheck Protection Program. In short, these are SBA loans that may be forgivable to eligible businesses and 501(C)(3) organizations that use the loans for the program’s specific guidelines. For guidance on any COVID benefit programs, please call us.

Our COVID Response Group

If you need our help, please call. We want to make sure you are maximizing all benefits, making the right choices and accounting for any funds or benefits you receive. Our group can help you with:

  • SBA Loan Application Processing
  • Comprehensive Tax Relief Evaluation Covering All Components of the CARES Act
  • Cash Flow Projections and Tracking

A Few Items to Share

  • There are multiple programs. If you select one, you may not be eligible for another.
  • The Paycheck loans will need to be processed through your financial institution. As of today, most financial institutions are working as fast as they can to get set-up to process loan requests.
  • The loan can pay for up to 8 weeks of qualified payroll. For more information on the exceptions involved, contact Perry & Associates.
  • The loan can also be used for utilities, mortgage interest, rent payments, healthcare benefits, interest on existing debt.

Let Us Help

Please contact us with questions or to discuss your specific situation. We will help you through these difficult financial decisions.

(740) 373-0056

COVID-19 Updates

IRS Extends Deadline and Offers Payment Relief for COVID-19


We are committed to keeping you updated on all orders and notices that are provided from government officials as it pertains to taxes and business operations. 

The following three recent government announcements directly affect tax-related matters:

  • Tax Filing Extension
  • Payment Relief
  • Tax Credits for Paid Leave

Tax Filing Extension

On March 21, 2020 The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date has been extended from April 15, 2020 to July 15, 2020. This is an automatic extension for all taxpayers.

No additional forms must be filed for this extension. If, however, a tax-filing extension is still needed beyond July 15, the regular extension filing guidelines must be followed by filing Form 4868. 

The IRS is working hard to ensure that refunds are not affected for those that need these additional funds during this time. 

“Even with the filing deadline extended, we urge taxpayers who are owed refunds to file as soon as possible and file electronically,” said IRS Commissioner Chuck Rettig. “Filing electronically with direct deposit is the quickest way to get refunds. Although we are curtailing some operations during this period, the IRS is continuing with mission-critical operations to support the nation, and that includes accepting tax returns and sending refunds. As a federal agency vital to the overall operations of our country, we ask for your personal support, your understanding – and your patience. I’m incredibly proud of our employees as we navigate through numerous different challenges in this very rapidly changing environment.”

Payment Relief 

In conjunction with the filing deadline on July 15, payment relief has also been granted based upon the same due date. Payments, of any amount, owed to the IRS are not due until July 15, 2020. No penalties or interest will be owed upon the amount due if paid on or before July 15. This deferment applies to all taxpayers, including individuals, self-employed tax payers, trusts and estates, corporations and other non-corporate tax filers. 

Tax Credits for Paid Leave

Two new refundable payroll tax credits have been created in response to the financial strain the Coronavirus shutdowns have placed upon businesses. 

The Families First Coronavirus Response Act, signed by President Trump on March 18, 2020, allows small and midsize employers to begin taking advantage of this tax credit immediately. It allows for immediate reimbursement to employers, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. All American businesses with fewer than 500 employees will be provided funds to allow employees paid leave, either for the employee’s own health needs or to care for family members. For more detailed information concerning these refundable payroll tax credits, see the explanation from the IRS or call our office to speak to a tax accountant immediately. 

As always, Perry & Associates stands ready to help in whatever way we can. Call us for additional assistance – (740) 373-0056.

Find The Best Tax Preparer Near Me – Perry And Associates CPAs



How Can the Best Tax Preparers Near You Bring Value? 


With your W-2s or 1099s in hand, you are ready to think about filing your taxes for the previous year. But with a variety of options for filing, which one should you choose? 


Should you go-it-alone and file online through a digital software? 

What about trying out a walk-up tax retailer service? 

Should you rely on your search for the best tax preparers near me?


We understand the concern…you want to make sure you’re making a wise decision, both for your future financial protection but also for your current financial cost. At first glance, online tax preparation or walk-in tax services appear to save money. But there may be more to the picture than just a few dollars saved for the year. 


Other Benefits that Some of the Best Tax Preparers Near You Can Bring



  • Extensive Experience



CPAs vs Tax Preparation Chains

If you walk into a tax preparation chain, you may or may not actually get a Certified Personal Accountant to assist you. In fact, more often than not, you won’t. These walk-in services are designed to get as many tax returns through their doors in a day as possible. The preparers are usually seasonal, less trained employees capable of handling the basics, but not equipped to truly look at every angle for your return. 


Conversely, a CPA has to undergo at least 150 semester hours of education – on average – and they must pass a rigorous exam. They are also required to complete approximately 120 hours of continuing education every three years. As experts in tax code, their daily experience dealing with financial and managerial accounting and tax preparation positions them to provide you with the greatest return possible with the most protection. 


CPAs vs Digital Services

While digital services have extensive algorithms meant to ensure your taxes are well-prepared, the trajectory of your return is ultimately left up to you. This might be feasible if you have a relatively simple single-file return with no dependents, one W-2, and no abnormal circumstances, however, you may still miss out on some refund opportunities. 


Digital services can only learn so much about you through programmed questions and are simply unfit to anticipate certain circumstances. An in-person CPA can ask every question in the book, keep track of your financial activity from year to year to ensure you don’t pay any more than necessary, and make sure you are refunded as much as possible.



  • Deal with Complicated Situations



Let’s face it – life is rarely simple. Sometimes life comes with complicated tax preparation scenarios that might be difficult to figure out on your own. Here are some examples of scenarios you might want to take to a CPA instead of navigating alone: 


  • You recently inherited money or possessions 
  • You have an investment portfolio of over $200,000
  • You are divorced with children
  • You own a small business or are self-employed
  • You have a “side-hustle”, such as an Etsy shop, moonlighting as an Uber Driver, or renting out your home on Airbnb
  • You own rental properties
  • You have a large family with multiple forms of income (including being the parent of working dependents)


If any of these situations describe you, it is probably best to see a CPA near you for the best tax preparation services.  



  • Build a Lasting Relationship 



A good CPA isn’t only going to be there for you during tax season. Seeing a CPA can be the beginning of an important professional relationship that advises you on your path to financial security throughout all of life’s changes, both expected and unexpected. 


A CPA can give you advice year-round to help save on taxes, improve your investment strategies, advise on new business ventures, debt mitigation, property purchases and much more. 


So, I’m looking for the Best Tax Preparer Near Me. Where do I go?


For trustworthy tax preparation services in the Mid-Ohio Valley and surrounding areas, contact Perry and Associates at one of our five different locations. We strive to become partners in our clients’ financial lives. For both present needs and future goals, we are here for you!


Marietta, OH

740) 373-0056


Vienna, WV  

(304) 422-2203


St. Clairsville, OH 

(740) 695-1569


Wheeling, WV

(304) 232-1358


Cambridge, OH 

(740) 435-3417