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OBM director says Ohio weathered high interest rates well as Fed begins rate cuts
The Federal Reserve for the first time in four years cut the interest rate by 0.5 percentage points last month, which could not only stimulate the broader economy but also affect state budgets going forward, including Ohio’s.Full story -
IRS opens new process for payroll companies, third-party payers to help clients resolve incorrect claims for the ERC
The IRS says it is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit.Full story -
Tax and financial planning news from around the web: September 30 – October 4, 2024
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.Full story -
Clock is ticking: Ohio Business Gateway action required
The Ohio Department of Administrative Services recently shared with OSCPA that through Sept. 16 only 35% of current OH/ID users have completed required Ohio Business Gateway actions prior to an upcoming deadline.Full story -
IRS posts new per diem tax deduction rates for business travel
The IRS has released Notice 2024-68 announcing the special per diem rates effective Oct. 1, 2024, which taxpayers may use to substantiate the amount of expenses for lodging, meals and incidental expenses when traveling away from home.Full story -
Tax and financial planning news from around the web: September 23 – 27, 2024
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.Full story -
OSCPA Town Hall discusses taxation landscape as election looms
Everything is at stake when it comes to federal tax legislation for the upcoming election, according to one tax expert.Full story -
IRS issues proposed regulations for Corporate Alternative Minimum Tax
The IRS has issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT).Full story -
Tax and financial planning news from around the web: September 16 – 20, 2024
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.Full story -
How remote workers impact company tax obligations
The pandemic caused a significant increase in hiring remote workers and that means more tax considerations for businesses.Full story -
Tax collections slightly exceed revised forecast in August
Newly updated revenue forecasts for FY25 were close to the mark in August, with tax collections netting about half a percent more than expected, according to the OBM.Full story -
IRS encourages state and local governments planning to claim elective pay to complete pre-filing registration now for 2023 tax year
The IRS is encouraging state and local governments to complete the pre-filing registration process now for projects placed in service in 2023 if they plan to claim elective pay.Full story -
Tax and financial planning news from around the web: September 9 – 13, 2024
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.Full story -
Navigating tax-efficient investing
CPAs looking to collaborate with clients to enhance their financial futures should consider the changes ahead.Full story -
Ohio Business Gateway deadline approaching
The OBG on September 5 implemented a targeted enhancement for CPAs to simplify and streamline the User Access Request process within the OBG Portal.Full story -
IRS reminder: Employer educational assistance programs can be used to help pay off workers’ student loans through Dec. 31, 2025
The IRS has issued a reminder that employers who offer educational assistance programs can also use them to help pay for their employees’ student loan obligations through Dec. 31, 2025.Full story -
Tax and financial planning news from around the web: September 2 – 6, 2024
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.Full story -
Interest rates remain the same for the fourth quarter of 2024
The IRS announced interest rates will remain the same for the calendar quarter beginning Oct. 1, 2024.Full story -
Tax and financial planning news from around the web: August 26 – 30, 2024
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.Full story -
DOT’s Business Tax Division seeks comments on proposed rule changes
As part of the Ohio Department of Taxation’s five-year rule review process, the Business Tax Division proposes the following rule changesFull story