Switzer, Roy & Jones

Home
United States
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.

10/16/2026

Voluntary wage and hour audits can help employers identify compliance problems before they lead to worker complaints and regulatory investigations. Under this process, your organization internally reviews key areas such as minimum wage and overtime practices, worker classification, timekeeping, payroll records, and wage deductions. An audit should also address off-the-clock work and applicable meal and rest break rules. Be sure to account for state and local requirements, which may be stricter than federal law. Contact us for help gathering the relevant payroll information, assessing the financial implications of any issues uncovered and coordinating with legal counsel as appropriate.

10/15/2026

Selling an investment in a taxable account at a loss can help reduce your federal tax bill, but beware of the wash sale rule. If you sell securities at a loss and buy substantially identical securities within 30 days before the loss sale date or 30 days after that date, the IRS generally disallows the loss deduction. However, the loss isn’t necessarily gone forever. It’s typically added to the cost basis of the replacement securities, potentially reducing taxable gains or increasing your tax loss when you sell the replacement securities. Before harvesting investment losses, contact us to discuss strategies for avoiding costly tax surprises.

10/14/2026

Retirement is far from most teenagers’ minds when they get their first jobs. But those early earnings create a significant tax-advantaged savings opportunity. Even modest IRA contributions now can substantially multiply over time. For example, just $2,000 contributed to an IRA earning 5% annually will grow to nearly $23,000 50 years later. A Roth IRA can be especially powerful because qualified distributions will be tax-free. For 2026, the annual contribution limit for IRAs is the lesser of taxable compensation or $7,500. 2026 contributions can be made until April 15, 2027, but the income to support them must be earned by Dec. 31, 2026. Contact us to discuss tax-smart planning for your teen.

10/13/2026

The IRS has provided a safe harbor for certain exchange-traded digital asset trusts. Under Rev. Proc. 2026-20, qualifying trusts that hold cash and one type of digital asset on a permissionless proof-of-stake network can earn staking rewards without jeopardizing their status as investment trusts or grantor trusts for federal tax purposes. The safe harbor includes requirements for custodians, staking providers, liquidity management and reward distributions. Existing trusts have six months after Oct. 6, 2026, to comply. For investors, the guidance provides clearer rules for how qualifying trusts can earn and distribute staking rewards. Contact us with questions.

10/12/2026

It’s time to address year-end tax planning, especially if your business is booming. Start by projecting your 2026 tax obligation and assessing whether estimated payments made throughout the year are sufficient. You may need to adjust your fourth payment to potentially avoid (or minimize) underpayment penalties.

Also consider tax-reduction strategies, such as timing revenue and expenses, taking advantage of the qualified business income deduction, contributing to a retirement plan and leveraging first-year depreciation write-offs for eligible asset purchases.

These moves require careful coordination, so contact us to explore your options. We can help develop a plan tailored to your situation.

10/09/2026

AI can help your business meet high customer service expectations without overburdening employees. It’s particularly effective for routine tasks. These include answering customers’ basic questions anytime on your website or social media accounts. AI can also help analyze and route customer requests to the right employees, and work behind the scenes to give staffers context and suggest next steps. Of course, AI is only as effective as how it’s trained and used. Your business should regularly test its systems, restrict access to confidential data and establish escalation rules. We can help calculate possible savings and recommend affordable solutions.

10/08/2026

Watch out for the growing reach of the 3.8% net investment income tax (NIIT). The income thresholds haven’t changed since the tax took effect in 2013, so it’s hitting more taxpayers. If you have net investment income (NII) and your 2026 modified adjusted gross income (MAGI) exceeds $200,000 ($250,000 if you’re married and file jointly, half that if you file separately), you’ll be subject to the NIIT on the lesser of your NII or the amount by which your MAGI exceeds the applicable threshold. Some NII examples are taxable interest, dividends, and gains from stocks, bonds and mutual funds. Year-end planning may help reduce your MAGI or NII — and the NIIT’s impact. Contact us to learn more.

10/07/2026

Employee training should evolve along with your organization’s strategic objectives. Start by identifying skills staff members need now and in the future. Look for gaps that could hinder productivity, growth or adoption of new technologies. Use performance reviews and regular check-ins to learn how employees want or need to develop. As you develop training programs, set clear expectations and measurable objectives so you can evaluate whether your efforts are delivering results. Ultimately, training tied to your strategic plan can strengthen both your workforce and organizational performance. Contact us to discuss the financial implications of current or prospective training investments.

10/06/2026

The “one-rollover-per-year” rule limits retirement account holders to one indirect IRA-to-IRA rollover within a 12-month period. “Indirect” means you withdraw funds from one IRA and deposit them yourself in the same or another IRA within 60 days. If you attempt a second indirect rollover during the one-year period, the portion not previously taxed will be treated as a taxable distribution. And if you’re under age 59½, a 10% penalty generally will apply (with exceptions). What’s more, a second rollover may be treated as an excess IRA contribution subject to a 6% annual tax. But the rollover rule doesn’t apply to rollovers from traditional IRAs to Roth IRAs. Contact us for details.

10/05/2026

Business owners often have more complex tax situations that can trigger an IRS audit. The good news is that with proper preparation, detailed records and professional guidance, you can make the process far less stressful.

Some returns may be selected randomly, but the IRS also has some audit hot buttons. Examples include significant differences between current and prior-year returns, repeated business losses, profit margins and expenses that differ substantially from similar businesses, and mathematical errors.

If you receive an IRS notice, don’t panic; contact us immediately. We can help you understand the issues, gather the needed documents and respond to the inquiries effectively.

Address

5555 Frantz Road
Dublin, OH
43017

Website

http://www.SwitzerRoy.com/

Alerts

Be the first to know and let us send you an email when Switzer, Roy & Jones posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Switzer, Roy & Jones:

Want your business to be the top-listed accountant in Dublin?