Articles & Publications

  S Corporations offer the benefit of passing income through to shareholders for taxation instead of being double taxed, once at the entity level, and once as a dividend when profits are distributed. To maintain S Corporation status, there. Read More >>

  The IRS recently announced the 2018 cost-of-living adjustments (COLAs) that impact retirement plans and the Social Security Wage Base (SSWB). After the largest increase in 20 years in the SSWB from 2016 to 2017, the SSWB increased by. Read More >>

  On September 29, 2017, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017 (“Bill”). This bill extends several federal aviation programs set to expire, aviation taxes, and public health programs through March. Read More >>

  The Trump Administration, the House Ways and Means Committee, and the Senate Finance Committee have released a Framework for Tax Reform. The unified framework is intended to be used as the foundation to craft tax legislation and to serve as the template. Read More >>

Summer is almost over and back-to-school shopping is right around the corner.  For the third year in a row, The Ohio Department of Taxation has announced a sales tax holiday to help reduce the back-to-school blow to your wallet.. Read More >>

  President Trump has unveiled a basic outline for his tax plan, which many of the proposals are similar to those he touted during his campaign. While many of the details are still being negotiated, the basic outline significantly. Read More >>

Enacted in 1981 to encourage innovation, Congress introduced the Research & Experimentation Tax Credit (R&D Credit) for companies that incur research and development costs in the United States. Originally introduced in the Economic Recovery Tax Act of 1981, this. Read More >>

Taxpayers that have a financial interest in – or signature authority over – foreign financial accounts with a combined balance greater than $10,000 are required to file an FBAR Report (Foreign Bank and Financial Accounts) annually with the Federal. Read More >>

To help you make sure you don’t miss any important 2017 deadlines, we’ve provided a list of important deadlines for the various tax-related forms, payments and when other related actions are due. Be aware that some deadlines have been. Read More >>

  On January 31, 2017, Ohio Governor John Kasich proposed a new two-year state budget that includes moderate state tax law changes. With Ohio losing revenues from sales taxes on business internet service provider access and Medicaid purchases due. Read More >>