Tax

Sep 13, 2018, 11:45 AM by Jessica Salerno Shumaker

The Ohio Department of Taxation, in cooperation with the IRS and tax prep software vendors, will offer Modernized e-File (MeF) for taxpayers and tax practitioners who have opted to file the 2018 municipal net profit tax return with ODT.

Aug 19, 2018, 22:07 PM by User Not Found

Tax practitioners should remind clients with children and other dependents to use the Withholding Calculator at IRS.gov to do a “paycheck checkup.”

Aug 6, 2018, 17:59 PM by User Not Found

The Treasury Department and the IRS have issued proposed regulations on the new 100% depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed in service.

Aug 6, 2018, 17:54 PM by User Not Found

The proposed regulations affect United States shareholders with direct or indirect ownership in certain specified foreign corporations.

Aug 2, 2018, 11:24 AM by Jessica Salerno Shumaker

It’s now been one month since the launch of the modernized Ohio Business Gateway (OBG). On July 25, the Ohio Department of Taxation announced it will not assess a penalty or charge additional interest to those it can verify have been impacted by recent issues with the OBG.

Jul 26, 2018, 11:07 AM by Jessica Salerno Shumaker

Ohio Tax Commissioner Joe Testa on Wednesday said the Ohio Department of Taxation will not assess a penalty or charge additional interest to those it can verify have been impacted by recent issues with the Ohio Business Gateway.

Jul 26, 2018, 10:18 AM by Jessica Salerno Shumaker

Ohio businesses that have a taxable year that begins on June 1 and want to file their 2019 municipal net profit tax return with the Ohio Department of Taxation must register by midnight, Aug. 1.

Jul 23, 2018, 10:05 AM by User Not Found

The IRS and the Security Summit partners have outlined critical steps for tax professionals to protect their computers and email as well as safeguarding sensitive taxpayer data.

Jul 19, 2018, 09:56 AM by User Not Found

Learn what items will be exempt from sales and use tax.

Jul 19, 2018, 09:53 AM by User Not Found

The Ohio Department of Taxation this week issued a reminder to all commercial activity tax (CAT) practitioners and taxpayers that the second quarter 2018 CAT return is due Aug. 10.

Jul 9, 2018, 08:50 AM by User Not Found

Financial planning website SmartAsset’s fourth annual study analyzed sales, property, income, fuel and Social Security tax data to rank locations on how friendly they are for retirees.

Jul 9, 2018, 08:46 AM by User Not Found

In case you missed them, here are some recent interesting tax news items from around the web, including cryptocurrency-related tax crimes and why millionaires are fleeing California.

Jul 5, 2018, 15:35 PM by Jessica Salerno Shumaker

The Ohio Society of CPAs and other business groups on Monday filed an amicus brief detailing further arguments for the need for the centralized collection and administration of the municipal net profits tax.

Jul 5, 2018, 15:29 PM by Jessica Salerno Shumaker

Gov. Kasich on June 29 signed House Bill 133 into law, making official an OSCPA-requested fix of an unclear tax policy that was costing businesses money.

Jul 5, 2018, 15:25 PM by Jessica Salerno Shumaker

The Ohio Business Gateway’s new platform went live on Monday, July 2. Those who did not pre-register need to do so soon to avoid filing delays.

Jun 28, 2018, 10:10 AM by User Not Found

On our latest podcast episode, we interviewed a panel of experts on the Supreme Court’s June 21 decision that is expected to have a major impact on U.S. retail business.

Jun 25, 2018, 06:28 AM by User Not Found

Ohio is just outside the top 10 of a new ranking of the business tax burdens in all 50 states and the District of Columbia.

Jun 21, 2018, 09:50 AM by User Not Found

The IRS has promised answers soon on new Internal Revenue Code section 199A.

Jun 14, 2018, 09:36 AM by Jessica Salerno Shumaker

The Tax Cuts and Jobs Act meant many CPAs had to reconsider the status of meals in a business context.