Deifendeifer Accounting & Tax

Deifendeifer Accounting & Tax No annoying tax professional lingo. Just straight, easy-to-understand professional advice and ex*****on.

At Deifendeifer Accounting, a Lima-Area Accounting firm, our goal is to free up precious time for business owners to spend running their businesses instead of worrying about accounting and tax issues. With over 50 years of experience, our tax and accounting professionals provide our clients with top quality service and peace of mind.

04/30/2026

Some wisdom from 1490

04/30/2026
04/21/2026

Recently, a business owner said their accountant told them he owes $17,000 to the IRS for 2025 😱YIKES! Talk about poor planning. Of course the business owner was very surprised, as he had already made estimated tax payments.

Are you in the same boat? Did you donate too much of your hard earned money to the this tax season? Time to plan better, and have a lower tax bill. Call us today at 419-222-6355 for a for your small business.

03/16/2026

You know those moments when you're driving around and think,
"Wow… that business really needs a sign."

Yeah… we think that all the time. 👀

A good sign does three very important things:
1️⃣ Tells people who you are
2️⃣ Helps customers actually find you
3️⃣ Prevents them from accidentally walking into the taco shop next door instead 🌮

At Sign Solutions of Ohio, we make signs that:
✔ Get attention
✔ Make your business look amazing
✔ Work 24/7 without asking for a lunch break
From storefront signs and banners to vehicle graphics and wraps, if it can promote your business… we can probably put your logo on it.

So if your current sign is:
• faded
• missing
• or just… sad looking

Let’s fix that. Your future customers are out there looking for you — let’s make sure they can find you.

Give Sign Solutions of Ohio a call and let’s get your business pointed in the right direction.
(Because the only thing worse than no sign… is a sign pointing to the wrong place.) 😅

03/16/2026

Spring is the perfect time to make sure your AC system is ready before the summer heat arrives.

A professional tune-up helps your system run more efficiently, catch small issues early, and can save you a lot of money by preventing expensive repairs later.

Routine maintenance also helps extend the life of your system and keep your home comfortable all season long.

03/02/2026

Bookkeeping not updated?

Reconciliations not done since January of 2025?

Owing your entire bank account + your first born to the IRS?

Does sitting on a cactus sound more appealing than bookkeeping?

Stop putting it off. Send us a message and watch what happens when you have ONE accounting partner that handles ALL OF THE THINGS and helps you save.

All you have to do is show up to the meetings & give us some information when we ask for it.

Let us help! Send us a message today!

02/25/2026
02/02/2026

Bookkeepers need to take an Oath to "do no harm."

Small business bookkeeping can get messy very quickly. Some cases stem from well-meaning people with little training or experience who got drafted into the role. Sometimes it’s an accounting firm that doesn’t really keep the books up to date, but rather goes in and makes a series of adjustments after the year is over to make it “good enough” to put on a tax return.

At a bare minimum bookkeeping knowledge needs to involve the following:

* understand a car loan is a liability account and NOT an auto expense 🙄

* know a loan is set up with the credit balance for the loan, and payments paid made are entered in the liability account thereby reducing the balance. News flash, if your liability accounts have a negative balance, you've set them up incorrectly

* Understand a purchase > $2500 like a vehicle, equipment, property, etc is set up as an asset (in addition to the loan) with its purchase price so it can be depreciated over time.

ASPIRING BOOKKEEPERS: you can learn. Get training. There are lots of options, but please don't claim to be a bookkeeper and work for business owners if you don't know what you're doing.

These are just a few of the things we’ve seen with small businesses.

~Over $500k in Undeposited Funds
~Over $400k open AR
~Negative amounts in Liability accounts
~Negative amounts in Accounts Receivable
~Financed equipment or vehicle payments entered as expenses, not assets and liabilities
~Negative amounts in bank accounts (-$200k). If reports had been prepared, it would have been SEEN easily.
~Loan payments being reported as expenses.
~Rent paid to the business owner. You can’t pay rent to yourself. (There ARE ways to do this, but you have to know what you are doing.)

Seems like some business owners never got reports or looked at their books. I don't know how their tax preparer got anything right!

They trust us to be compliant with the IRS. Not all businesses’ books are handled the same way so if you don't know, you better find out.

We have come across business owners who were victims of employee embezzlement sometimes totaling hundreds of thousands of dollars. And they had no idea until it was too late! TRUST, BUT VERIFY.

BUSINESS OWNERS, you should have the kind of relationship with your bookkeeper to be able to ask anything and see anything and everything in YOUR books. Require reports and get your bookkeeper to explain them to you!
Our firm has been around since 1961. We have a responsibility and we take it seriously.

Thanks for listening. Its been one of those days! 😉

And if you would like to explore your options, give us a call at 419-222-6355

01/22/2026

The Internal Revenue Service and the Treasury said the payment of $1,776 for members of the military announced by President Trump last month would not be taxed.

01/21/2026

DO YOUR BUSINESS FINANCIAL BOOKS NEED A CATCH-UP OR A CLEAN-UP? Did you have an accountant who was supposedly doing your books? Then you find out December 20th that no bookkeeping was done, and you are left holding the bag? Or rather the box of receipts 🧾

If you’re looking for bookkeeping help, there is often a start-up project required before there is any consideration of ongoing timely accounting assistance.

From a jargon perspective, either a catch-up or a clean-up (or maybe both) may be required.

If the books are messy due to errors or lack of any transaction activity, they will require clean-up.

If no transactions have been recorded for some period of time, there is a catch-up project to bring the books up to the current date.

Call our office today for a complimentary consultation with no obligations. 419-222-6355

Address

850 Bellefontaine Avenue
Lima, OH
45801

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