BREAKING NEWS

Richard C. Fedorovich to Receive H. Peter Burg Award

Richard C. Fedorovich has been selected as the 2023 recipient of the H. Peter Burg Economic Development Leadership Award, presented by the Greater Akron Chamber.

Articles & Publications

State and Local Impact of Working from Home Post-Pandemic

On March 27, 2020, Ohio Governor Mike DeWine signed House Bill 197 into law, which includes a provision that clarifies the treatment of municipal income tax withholdings while employees are working from home rather than their principal place of. Read More >>

Ohio Tax Update for Lawyers, Lobbyists, Pink Tax; Wayfair Guidance Rollout

November 21, 2019 Tax Advisor

Ohio Senate Bill 26 Ohio Governor Mike DeWine signed Ohio Senate Bill 26 into law, which reflects several noteworthy tax changes. Repeals the lawyer and lobbyist exemption from claiming the business income deduction and preferential 3% tax rate. As. Read More >>

IRS Issues Transitional Guidance on Meals & Entertainment Deductions

As we noted in our March Tax Reform Series #5 Advisor, the TCJA amendment caused significant confusion regarding the deductibility of meals that occurred before, after or during the entertainment. IRS Notice 2018-76 was issued to provide transitional guidance. Read More >>

U.S. Supreme Court Reverses Quill Decision in South Dakota v. Wayfair Case

On June 21, 2018, the U.S. Supreme Court ruled in favor of South Dakota, effectively reversing the long-held physical presence standard for sales tax collection that was in place since the 1992 Quill decision. The court’s decision makes physical. Read More >>

Tax Reform Series #6: Tax Savings from Accounting Methods

The Internal Revenue Service is working to implement the major tax changes approved by Congress in the Tax Cuts and Jobs Act of 2017 (“TCJA”), including several provisions reforming and simplifying accounting methods for small businesses. Our latest Tax. Read More >>

Tax Reform Series #5: Meals & Entertainment Deduction Limitations

The Meals and Entertainment deductions have stricter limitations under the Tax Cuts and Jobs Act of 2017 (“TCJA”). Our latest Tax Reform Advisor focuses on changes that were made to Internal Revenue Code Section 274 “Disallowance of Certain Entertainment,. Read More >>

Tax Reform Series #4: Transition Tax on Offshore Earnings

March 14, 2018 Tax Advisor

The Tax Cuts and Jobs Act has proven to be more complex than it appears, and the international tax provisions are no exception. This week’s alert describes the transition tax that converts our tax system from worldwide taxation to. Read More >>

Tax Reform Series #2: Limitations on Business Interest

This week’s alert discusses the Tax Cuts and Jobs Act’s broad limitations imposed on the deductibility of business interest expense. Previously, only interest deductions of C-corporations were limited in situations where the income was not being taxed by the. Read More >>

Tax Reform Series#1: Qualified Business Income Deduction

As you are aware, The Tax Cuts and Jobs Act was signed by the President on December 22nd “simplifying” taxes. As you may also be aware, the new tax law is more complex than it appears. We will be. Read More >>

Ohio’s Tax Amnesty Program: What’s in it for You?

January 3, 2018 Tax Advisor

  Ohio Governor John R. Kasich signed the biennial budget into law on June 30, 2017, enacting legislation to introduce a temporary tax amnesty program that will run from January 1, 2018, through February 15, 2018. Why should you. Read More >>