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Nov 22, 2023
Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the IRS released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations for calendar year 2023.
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Nov 22, 2023
The IRS is offering a free webinar on developing a Written Information Security Plan (WISP) next week.
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Nov 22, 2023
While we often think of accounting and auditing when we think standards, tax professionals are also subject to standards that are changing effective Jan. 1, 2024.
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Nov 22, 2023
Beginning Jan. 1, businesses with taxable gross receipts of $3 million or less and, for tax periods beginning in 2025 and thereafter, businesses with taxable gross receipts of $6 million or less will no longer be subject to the Commercial Activity Tax, or CAT.
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Nov 22, 2023
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.
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Nov 17, 2023
The Ohio Department of Taxation has updated the threshold for the electronic filing of W-2 and 1099-R information effective tax year 2023.
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Nov 17, 2023
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.
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Nov 17, 2023
This summary can help firms benchmark themselves against the industry and see trends. Over 1100 firms participated in helping to understand trends in compensation and fees.
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Nov 10, 2023
As part of the Ohio Department of Taxation’s five-year rule review process, several divisions are proposing rule changes and requesting comments.
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Nov 10, 2023
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.
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Nov 10, 2023
The Ohio Department of Taxation (ODT) has mailed Verification of Income – Missing Ohio IT1040 letters to some taxpayers in error.
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Nov 10, 2023
The Office of Budget and Management reported Monday that the state’s October revenues came in $162.6 million or 7.2% over estimates for the month with a total of $2.4 billion collected.
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Nov 03, 2023
The IRS has announced it’s time for active tax return preparers to take the first step in their filing season readiness by renewing their Preparer Tax Identification Numbers.
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Nov 03, 2023
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.
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Nov 02, 2023
Thanks to the internet, there is no shortage of tax advice videos available. But there’s a difference between an entertaining video and comprehensive advice.
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Oct 27, 2023
Per Ohio H.B. 33 and effective for tax year 2023, an individual investor’s proportionate share of taxes paid by a pass-through entity (PTE) that are related to IRS notice 2020-75 (i.e., SALT cap taxes) must be added to federal adjusted gross income (AGI) as part of the calculation of Ohio AGI.
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Oct 27, 2023
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.
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Oct 27, 2023
As a result of the recent passage of Am. Sub. H.B. 33 of the 135th Ohio General Assembly, beginning in 2024, businesses with taxable gross receipts of $3 million or less and, for tax periods beginning in 2025 and thereafter, businesses with taxable gross receipts of $6 million or less will no longer be subject to the CAT.
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Oct 20, 2023
The new tables include the income tax rate reductions that went into effect when House Bill 33 (135th General Assembly) was signed into law on July 4, 2023.
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Oct 20, 2023
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.