Tax, Accounting, & Advisory Solutions for Your Business

tax PLANNING & advisory

tax preparation & COMPLIANCE

ACCOUNTING & Bookkeeping

Deep Expertise. Meaningful Impact.

REAL ESTATE INVESTORS

REAL ESTATE DEVELOPERS

CONSTRUCTION COMPANIES

PROFESSIONAL SERVICE FIRMS

SMALL BUSINESS OWNERS

HIGH-INCOME EARNERS

ABOUT US

CONTACT US

CONNECT WITH US

Who is the best CPA in Youngstown?

Who is the best CPA in Youngstown? The honest answer is: it depends on what you need. Youngstown has a number of experienced accounting firms, ranging from large regional practices, mid-sized firms, boutique tax firms, and smaller local firms. The better question isn’t “Who is the best CPA in Youngstown?” It’s “Who is the best…

Should Ohio Real Estate Investors Make the Ohio PTE Tax Election?

Ohio Pass-Through Entity (PTE) Tax Election for Rental Real Estate Owners and Investors If you own Ohio rental real estate through an LLC taxed as a partnership, Ohio’s Pass-Through Entity (PTE) Tax Election (IT 4738) may offer a valuable tax-saving opportunity. How the Election Works Ohio allows pass-through entities, such as partnerships and s corporations,…

LLC vs. S Corporation for Real Estate: Which Is Better?

For most real estate investors, an LLC taxed as a partnership is generally a better choice than an S corporation from a tax planning perspective. Why Do Partnerships Often Win? Debt Increases Basis: Real estate is commonly financed with loans. In a partnership, debt generally increases an owner’s tax basis, which can help maximize loss…

Tomko CPA had the opportunity to speak on 21 WFMJ local news this morning about a topic that’s often misunderstood: tax planning isn’t just for tax season—it’s a year-round strategy.

Click here to watch tax tips for small businesses!

Schedule a Free Strategy Call

Interested in working with us or learning more about Tomko CPA? Reach out and connect with us today!