Ghaba & Associates CPA, LLC

03/29/2026

If you’re not set up right, you’re overpaying.
LLC vs S Corp matters

03/21/2026

Eid Mubarak to all who are celebrating 🌙
Wishing you peace, prosperity, and continued success in the year ahead.

Grateful for our clients and the community we serve.

03/06/2026

Why Your S-Corp Needs Payroll (Even If Your Preparer Says “It’s Fine”)
I recently had a conversation with a business owner who formed an S-Corp but did not run payroll for himself. He was told by another preparer: “You can just take distributions. We’ll file it.”

Here’s the problem.
If you actively work in your S-Corp, the IRS requires you to pay yourself reasonable compensation before taking distributions.
This is not optional. This is not a “strategy.” This is long-standing IRS position supported by court cases. And this Red Flag.

If audited, the IRS can:
• Reclassify distributions as wages
• Assess back payroll taxes
• Add penalties and interest
• Potentially apply the Trust Fund Recovery Penalty (this one is nightmare)

For service businesses (contractors, technicians, consultants), this is a common audit trigger.

There are two types of tax preparation:
1️ Filing what keeps taxes lowest this year
2️ Filing what withstands IRS scrutiny

Those are not always the same.

As a tax professional, I cannot sign a return that ignores reasonable compensation requirements. Not because I want more payroll filings. Not because I want higher fees. But because compliance matters.

Bottom line is
When done correctly, an S-Corp can still produce payroll tax savings — without exposing you to unnecessary risk. Compliance today is cheaper than correction tomorrow.

02/26/2026

We’re proud to officially join the Maumee Chamber of Commerce!

We’re pleased to welcome Ghaba & Associates CPA to the Maumee Chamber of Commerce! 🎉

Ghaba & Associates CPA is a dedicated accounting and tax firm serving individuals and businesses in the Toledo area. They offer personalized, high-quality services including tax preparation and planning, bookkeeping and financial reporting, business consulting, payroll support, and strategic financial guidance to help clients stay organized and make informed decisions. Their team focuses on delivering sound financial support tailored to each client’s needs.

Welcome to the Chamber, Ghaba & Associates CPA!

02/19/2026

New Individual Clients receive 10% OFF for Tax Preparation Services!!!

BOOK NOW:
419-210-3345
www.ghabacpa.com
[email protected]

02/17/2026

Another great event with the Maumee Chamber of Commerce!
We love supporting and growing alongside our local business community.

02/12/2026

Did You Get a 1099-K from Venmo or PayPal? Here’s What You Should Know!

If you’ve received payments through Venmo, PayPal, Cash App, or another payment platform, there’s a chance you were issued a 1099-K form. If you’re looking at it thinking, “What is this—and do I need to do anything with it?” you’re not alone.

A lot of people receive these forms, glance at them, and set them aside because they seem confusing or unfamiliar. But don’t ignore it. A 1099-K reports the total payments you received to the IRS—and they’re definitely aware of those numbers.

419-210-3345
[email protected]
www.ghabacpa.com

02/11/2026

This one trips people up every year.
Extensions help with paperwork — not payments.

419-210-3345
[email protected]
www.ghabacpa.com

02/08/2026

Smart taxes. Zero stress.

419-210-3345
[email protected]
www.ghabacpa.com

02/07/2026

Big tax changes. Real money savings.

419-210-3345
[email protected]
www.ghabacpa.com

02/06/2026

Tax Season 2025 deadlines you don’t want to miss

419-210-3345
[email protected]
www.ghabacpa.com