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At the high point of the business, Associates had 20 franchises
in the Greater Cincinnati area, 1 in Michigan and 1 in Florida.
Most of Associates’ franchisees’ clients were small- and medium-
sized businesses. Associates provided services, including the
following, to its franchisees’ clients: (1) Tax and business
consulting; (2) tax return preparation; (3) monthly and annual
financial statements; (4) cash-flow and inventory analyses; (5)
source and application of funds reports; (6) expense, purchase,
and payroll ledgers; (7) Forms W-2 and 1099 preparation; and (8)
audit work. Associates represented to its clients that it had
“the most knowledgeable consultants and advanced technology
available in the accounting field.” The cover of Associates’
1979 advertising brochure invited clients to “Maximize [their]
profits by Minimizing [their] taxes.” In time, other entities
took over some of Associates' activities. However, Associates
continued as a sole proprietorship for one facet of business or
another until the early 1980's. Associates maintained a bank
account at the Central Trust Co. until at least December 1980.
About 1979, R. Iles Tax Consultant, Inc., hereinafter
sometimes referred to as Consultants, took over the bookkeeping
and tax return preparation services previously performed by
Associates. Robert was president and Thomas Ney, (hereinafter
sometimes referred to as Ney), an accountant, was vice president
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Last modified: May 25, 2011