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Sales Tax Holiday for Back-to-School Shopping August 7-9th

In an effort to provide relief to Ohio families during back-to-school shopping, qualifying purchases of clothing, school supplies, and school instructional materials will be exempt from sales tax starting Friday, August 7, 2015, through Sunday, August 9, 2015. During. Read More >>

Supreme Court of the United States Digs Deep Into Alabama’s Tax Code – Could Change How State Taxes are Analyzed

March 25, 2015 Tax Advisor

  On March 4, 2015, The Supreme Court of the United States (the “SCOTUS”) released its decision in Alabama Department of Revenue v. CSX Transportation, which dealt with the issue of whether Alabama’s sales tax violated the Railroad Revitalization. Read More >>

Ohio’s Municipal Income Tax Reform: A Step Towards Uniformity

  Ohio Governor John Kasich recently signed House Bill 5 (“H.B. 5”) into law, which will be effective January 1, 2016. H.B. 5 contains broad and sweeping changes to Ohio’s municipal income tax, and is a step toward establishing. Read More >>

Accounting Method Change Relief Issued for Small Business Taxpayers

  Administrative Relief The IRS released Revenue Procedure 2015-20 (“Procedure”) on February 13, 2015, which provides administrative relief to small business taxpayers.  This Procedure allows small business taxpayers adopting the tangible property regulations to make accounting method changes on. Read More >>

The Tangible Property Regulations: Elections and Safe Harbors

The tangible property regulations have gone into effect for tax years beginning in 2014 and apply to all taxpayers who have tangible property.  We previously released Tangible Property Regulations Advisors to clarify the guidance the IRS provided on the. Read More >>

Be on the Lookout for Tax Identity Theft

Tax identify theft is the biggest and most prevalent tax scam going right now — and peak season is just around the corner for refund fraud. This scam has become a big problem due primarily to its simplicity. Identity. Read More >>

Trusts 101: Understanding an Important Estate Planning Tool

January 15, 2015 Tax Advisor

  When people think about setting up a trust fund, they often think that trusts are only for the wealthy, which is not the case. Anyone can utilize a trust in their estate plan as an instrument to distribute. 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 >>