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Treasury Extends Tax Filing Deadline 90 Days

In a historic move, Secretary of the Treasury, Steven Mnuchin has announced the April 15th tax filing deadline is changed to July 15 for all taxpayers and businesses via Twitter. “At @realDonaldTrump’s direction, we are moving Tax Day from. Read More >>

President Trump Signs Coronavirus Emergency Aid Package, IRS Issues Guidance on Tax Payment Extension

President Trump signed the latest coronavirus aid package into law Wednesday evening to provide relief amidst the coronavirus pandemic. The new law modifies and expands on the bill passed by the House on March 14th. This comes after receiving. Read More >>

Treasury Delays Tax Payments by 90 Days, Filing Deadline Currently Unchanged

On Tuesday, Treasury Secretary Steven Mnuchin announced that the April 15 deadline to pay taxes is being pushed back 90 days due to the coronavirus pandemic. The announcement did not include any mention of delaying the April 15 filing. Read More >>

Families First Coronavirus Response Act: Relief Benefits and Tax Deadlines

The U.S. House of Representatives has passed H.R. 6201 – Families First Coronavirus Response Act (HR6201) to provide relief to those affected by the outbreak. This bill addresses critical and vulnerable areas that may directly affect work and life,. Read More >>

2019 Tax Provisions: Extenders Bill, ACA Tax Repeal, SECURE Act

Averting another government shutdown, President Trump signed a $1.4 trillion spending package which will fund the government until September 30, 2020.  As part of the spending package, there are several tax provisions including an ‘extenders’ bill, the SECURE Act. Read More >>

2019 Year End Tax Planning for Business and Individuals

With the 2017 Tax Cuts and Jobs Act (TCJA) changing the playing field in the tax realm, there are several approaches you may want to consider before year-end to help minimize your tax burden. Below are some of the. Read More >>

Ohio Tax Update for Lawyers, Lobbyists, Pink Tax; Wayfair Guidance Rollout

November 21, 2019 Tax Advisor

Ohio Senate Bill 26 Ohio Governor Mike DeWine signed Ohio Senate Bill 26 into law, which reflects several noteworthy tax changes. Repeals the lawyer and lobbyist exemption from claiming the business income deduction and preferential 3% tax rate. As. Read More >>

2020 Cost-of-Living Adjustments (COLAs)

November 6, 2019 Tax Advisor

The IRS has announced the 2020 cost-of-living adjustments (COLAs), which impact retirement plans for more than 67 million Americans. In addition, the Social Security Administration announced the 2020 social security wage base will be $137,700, which reflects a 3.6%. Read More >>

Ohio’s 2019 Back-to-School Sales Tax Holiday August 2-4

Back-to-school season has returned – and so has the Sales Tax Holiday! For the fifth consecutive year, The Ohio Department of Taxation has announced the return of the sales tax holiday to help reduce the back-to-school blow to your. Read More >>

Ohio Update: Budget Bill Passed; Relief for Storm Victims

On July 18, 2019, Ohio Governor Mike DeWine signed a new two-year state budget that includes lowering personal income taxes and retaining key business tax provisions. While the biennial budget period began July 1, 2019, most of the tax. Read More >>