In a 5-2 decision announced on February 14, the Ohio Supreme Court upheld the constitutionality of a temporary state law allowing cities to collect taxes from remote employees who were working from home during tax year 2020, even if. Read More >>
Beginning January 1, 2024, the new Beneficial Ownership Interest (BOI) reporting requirements set forth by the Corporate Transparency Act (CTA) come into play. These requirements mandate certain companies operating in the United States to report information about who owns. Read More >>
Work-in-process (WIP) inventory hold significant weight on a manufacturer’s balance sheet, playing a pivotal role in financial accuracy and performance evaluation. By closely monitoring WIP, manufacturers not only maintain the integrity of their financial statements but also gain valuable. Read More >>
The deduction under Section 179D has long served as an incentive for energy efficiency in commercial and certain residential buildings. Originally established in 2006, recent updates under the Inflation Reduction Act of 2022 have significantly expanded its scope and. Read More >>
In November 2023, the Employee Benefits Security Administration (EBSA) of the US Department of Labor (DOL) released its fourth evaluation of the audit work conducted by independent qualified public accountants. This evaluation specifically scrutinizes the performance of audits for. Read More >>
We are proud to announce that we have again won the Best of Accounting Award for providing superior service to our clients for the fourth consecutive year. ClearlyRated’s Best of Accounting® Award winners have proven to be industry leaders in. Read More >>
Best of Accounting We have again won the Best of Accounting Award by ClearlyRated for providing superior service to our clients for the fourth consecutive year! READ MORE New Associates We are excited to announce and welcome the. Read More >>
In 2021, the United States Department of Labor (DOL) issued guidance for fiduciaries to secure their benefit plans in connection with the Employment Retirement Income Security Act (ERISA). When it comes to private retirement and health plans, participant data. Read More >>
On December 20, 2023, the Internal Revenue Service (“IRS”) issued Notice 2024-2 providing guidance, in Q&A format, on 12 specific sections of the SECURE Act 2.0. Per an internal revenue bulletin from the IRS, the notice is not intended. Read More >>
The Tax Relief for American Families and Workers Act of 2024 has made its way through the House Ways and Means Committee and is headed for a full House vote on January 29th. Several of its provisions are retroactive. Read More >>
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