Articles & Publications

The sourcing of service revenue for state income tax purposes is of particular significance in the context of mergers and acquisitions (M&A). During the tax due diligence phase of M&A, it is crucial to assess the target company’s tax. Read More >>

Some of the taxpayer favorable tax reductions from the Tax Cuts and Jobs Act of 2017 (TCJA) were permanent changes but most are set to expire on December 31, 2025.  With President Trump and the Republican majority in both. Read More >>

The Federal Disaster Relief Act of 2023 (H.R. 5863) was signed into law on December 12, 2024. This long-awaited bill provides critical tax relief to individuals and businesses affected by federally declared disasters, including Hurricane Ian and Hurricane Helene.. Read More >>

The IRS has released the annual optional standard mileage rates for 2025, encompassing the expenses associated with using your personal vehicle. This commonly applies to business usage and is also relevant if you use your vehicle for medical, moving. Read More >>

As the year draws to a close, it’s an ideal moment to assess your financial strategies and plan for year-end tax considerations. Despite ongoing legislative uncertainties, we’ll focus on actionable steps that go beyond the political climate. This includes. Read More >>

On November 1st, the IRS announced several retirement plan contributions increases and cost-of-living adjustments (COLAs) for pension plans and other retirement-related items for 2025. New for the upcoming year, are the “super catch-up” contributions for eligible taxpayers ages 60. Read More >>

On August 15, 2024, the Internal Revenue Service (IRS) announced details of the launch of a second Employee Retention Credit Voluntary Disclosure Program (ERC-VDP). The second program is similar to that of the original one that ended in March. Read More >>

After the U.S. Supreme Court ruling in Connelly v. United States, owners of private, closely held businesses might need to update their plans and strategies for succession planning. The Supreme Court ruled that for estate purposes, the value of. Read More >>

The Ohio Department of Taxation announced that the 2024 Sales Tax Holiday will begin on Tuesday, July 30, and run through Thursday, August 8, ending at 11:59 pm. This extension from the usual Friday through Sunday event means more days to. Read More >>

When gathering documents for your income tax return, remember to consider any home improvements made during the year. There are two main credits to consider: Energy Efficient Home Improvement Credit (25C) and the Residential Clean Energy Credit (25D). Energy. Read More >>