330-644-8181

 

Comprehensive Accounting & Tax Services in Akron, Ohio

 

At Summit Accounting & Tax, we do more than just record history; we help you shape your financial future. Whether you are an individual filer or a business owner in the Greater Akron area, our goal is to ensure compliance with Federal and Ohio laws while maximizing your financial outcomes.

 

 

Tax Preparation & Filing

Accurate. Compliant. Timely. Navigating the complexities of the Internal Revenue Code and Ohio’s municipal tax structure can be daunting. We manage the entire lifecycle of your tax return to ensure accuracy and minimize liability.

  • Individual Tax Returns (1040): Comprehensive preparation for individuals and families.

  • Corporate & Business Returns: Specialized filing for C-Corps, S-Corps, Partnerships, and LLCs.

  • State & Local Filing: We handle Ohio State returns and the complexities of local municipal filings (RITA, CCA, and City Taxes).

  • Filing & Submission: Once prepared, we electronically file your returns to the appropriate federal, state, and local authorities to ensure proof of receipt.

 

Tax Consulting & Strategic Planning

Proactive Strategies to Maximize Outcomes. We help you understand how your taxes and business finances work in conjunction. We don't just tell you what you owe; we explain why and provide options to improve your position.

  • Holistic Analysis: We review your financial picture to understand the tax implications of your business decisions.

  • Outcome Optimization: Once we understand your goals, we present compliant strategies to legally maximize your tax savings.

  • Year-Round Support: Tax planning shouldn't happen just once a year. We are available to consult on financial decisions before you make them.

 

Accounting & Bookkeeping Services

Know Your Numbers. Reliable financial data is the backbone of any successful business. We provide the clarity you need to make informed decisions.

  • Financial Statements: Preparation of Profit & Loss (P&L) statements and Balance Sheets.

  • Bookkeeping: Accurate recording of daily financial transactions to keep your ledgers clean.

  • Bank Reconciliation: Ensuring your internal records match your bank statements to catch errors early.

 

Business Setup & Ancillary Services

Entity Selection and Regulatory Compliance. Starting a business requires more than just a good idea; it requires the right legal structure. We assist with the necessary documents and submissions to set you up for success.

  • Business Formation: Assistance with entity selection (LLC, S-Corp, etc.) and filing necessary formation documents with the Ohio Secretary of State.

  • Specialized Filings:

    • Highway Use Tax (Form 2290): Compliance for the trucking and transportation industry.

    • Form 5500: Annual reports for employee benefit plans.

    • 1099 Preparation: Filing information returns for independent contractors to ensure IRS compliance.

 

Payroll Services

Streamlined Payroll Solutions. Payroll compliance is critical. We have partnered with Vensure, a leader in HR and payroll technology, to provide robust payroll services.

  • Integrated Partnership: Contact us to learn how our partnership with Vensure can streamline your payroll processing, tax withholding, and direct deposits.

 

Financial Services

Wealth Management. Financial planning and investment services are provided by River Wealth Management.

  • Note: River Wealth Management and Summit Accounting & Tax are separate entities.

  • For more information on investment strategies, please visit www.riverwm.com.

 

Ready to optimize your taxes?

Stop guessing and start planning. Call us: 330-644-8181 Virtual Options: We offer secure remote services for your convenience.

Please Call or Email for Questions or to Schedule an Appointment 330-644-8181