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Tax Breaks Likely to be Extended Temporarily Through December 31, 2014

  On December 3, 2014, the House of Representatives voted 378 to 46 to pass H.R. 5771, the Tax Increase Prevention Act of 2014.  The Senate voted yesterday, December 16, 2014, to pass it. The bill will now be. Read More >>

Ohio Employers Incur Additional Unemployment Tax

  2014 FUTA Credit Reduction States Released The Department of Labor (DOL) has announced the final list of states with an outstanding balance under Title XII of the Social Security Act, which affects the FUTA tax rate credits for. Read More >>

New E-Filing Requirement for Ohio Employers and School Districts

December 17, 2014 Tax Advisor

  Effective January 1, 2015, Employer and School District Withholding Tax Payments Must be Made Online On November 13, 2014, Ohio finalized a tax regulation requiring all employer and school district withholding tax payments to be made through the. Read More >>

Year-End Tax Planning: Things to Consider Prior to Year End

December 5, 2014 Tax Advisor

As  year-end approaches, it is a good time to consider any tax planning strategies you can make to minimize your taxes – on both your 2014 and future years’ returns.  We have outlined some approaches you can make both. Read More >>

The Tangible Personal Property Regulations: Opportunities in Property Improvements and Repairs and Maintenance

  In late fall of last year, the Internal Revenue Service released the highly anticipated final regulations regarding tangible personal property. The final regulations provide a myriad of new rules for many taxpayers that became effective Jan. 1 of. Read More >>

Are You Concerned About Paying Too Much Tax on Your Inherited Stock Sales?

  Have you recently inherited assets and are wondering how to preserve your inheritance in the face of complex tax issues?  Heirs need to be aware of a few estate tax implications associated with inheritance that can work in. Read More >>

Ohio’s Mid-Budget Review Results in Changes to Ohio Tax Law

Ohio’s state budget, passed in June 2013, included numerous changes to Ohio tax law, including the reduction of Ohio’s personal income tax and the creation of a deduction for Ohio sourced income received from a pass-through entity.  On June. Read More >>

The Tangible Property Regulations: Amounts Paid to Acquire or Produce Property

The IRS released the highly anticipated final regulations regarding tangible property late last year.  The final regulations provide a myriad of new rules for many taxpayers that became effective Jan. 1 of this year for calendar year-end taxpayers. The. Read More >>

Important Changes to the Commercial Activity Tax in 2014

April 10, 2014 Tax Advisor

  Mandatory Electronic Filing and Changes to the Minimum Fee A number of changes to the Ohio Commercial Activity Tax (CAT) became effective Jan. 1. Among those changes is the mandatory online filing of all originally filed CAT returns.. Read More >>

Managing Trust Distributions to Minimize Overall Tax

  Trustees have a small window of opportunity to save potentially thousands in tax dollars if they act quickly by March 6, 2014.  Trust distributions have always been an important planning tool to maximize tax savings for trusts and. Read More >>