Tax

Aug 23, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Aug 15, 2024, 00:00 AM by Jessica Salerno Shumaker

Take the next step in your career and bring added value to your team and clients through the George W. Daverio School of Accountancy’s MTax program.

Aug 9, 2024, 00:00 AM by Jessica Salerno Shumaker

State tax collections reached $2.1 billion in July, the first month of FY25, according to preliminary figures released Thursday by the Office of Budget and Management.

Aug 9, 2024, 00:00 AM by Jessica Salerno Shumaker

his group will provide feedback and participate in testing. On-site system testing is planned for the last few weeks of September, with multiple dates and times available.

Aug 2, 2024, 00:00 AM by Jessica Salerno Shumaker

August 1st is already in the rearview mirror, and members may not have noticed any changes when utilizing their OH/ID logins for the Ohio Business Gateway.

Aug 2, 2024, 00:00 AM by Jessica Salerno Shumaker

The proposed amendment says the state or local governments "shall not have the right or power to increase the taxable property value on any citizen's private property or properties," without the private property owner's agreement or consent.

Jul 26, 2024, 00:00 AM by Jessica Salerno Shumaker

Ohio will have an expanded sales tax holiday from 12 a.m. Tuesday, July 30 through 11:59 p.m. Thursday, Aug. 8.

Jul 25, 2024, 00:00 AM by Jessica Salerno Shumaker

Real estate investors and CPAs should understand the benefits of cost segregation studies to leverage IRS guidelines and maximize depreciation deductions.

Jul 19, 2024, 00:00 AM by Jessica Salerno Shumaker

While Mr. B teaches kids their ABCs, this week he’s bringing updates on Beneficial Ownership Information and the Ohio Bureau of Workers’ Compensation.

Jul 19, 2024, 00:00 AM by Jessica Salerno Shumaker

Ohio was recently ranked fifth-highest among states for taxpayer return on investment by personal finance site WalletHub, leading all neighboring states.

Jul 17, 2024, 00:00 AM by Jessica Salerno Shumaker

Last summer, the Ohio Department of Taxation launched Project NextGEN to replace the current systems that administer Ohio’s individual and school district income taxes. The new system is scheduled to go-live on Sept. 5, 2023, and will provide a “banking experience” for taxpayers and tax professionals.

Jul 12, 2024, 00:00 AM by Jessica Salerno Shumaker

Despite lagging tax revenues, investment earnings and underspending helped Ohio end the fiscal year with a $1.1 billion balance.

Jun 21, 2024, 02:00 AM by Natalie Rooney

The Ohio Department of Taxation has proposed several rules for the administration of the adult use cannabis tax.

Jun 21, 2024, 02:00 AM by Natalie Rooney

The Ohio Department of Development (DOD) recently announced the release of the program application for the July 2024 round of the Ohio Opportunity Zones Tax Credit.

May 17, 2024, 02:00 AM by Natalie Rooney

The IRS announced on May 16 tax relief for individuals and businesses in Ohio that were affected by tornadoes that began on March 14, 2024.

May 10, 2024, 02:00 AM by Natalie Rooney

The Ohio Department of Taxation is offering its Ohio Virtual Tax Academy, a free event designed to provide tax-related information to small business owners, attorneys and accountants.

Apr 19, 2024, 00:00 AM by Natalie Rooney

The Ohio Department of Taxation (ODT) this week explained why some taxpayers may have received 2023 non-payment notices prior to April 15.

Apr 19, 2024, 00:00 AM by Natalie Rooney

The share of taxpayers who get money back at tax time is slowly and, a little mysteriously, shrinking. At the same time, the number of people having to cut a check to the government has been rising. Some tax vets wonder what a decline in refunds will mean for tax compliance.

Mar 15, 2024, 00:00 AM by Jessica Salerno Shumaker

State tax revenues ran nearly 2% ahead of expectations in February and are just about on target for the fiscal year so far, according to preliminary revenue data from the Office of Budget and Management.

Mar 8, 2024, 00:00 AM by Jessica Salerno Shumaker

The Ohio Department of Taxation issued a new information release for the municipal net profit tax to advise taxpayers and municipalities of recent legislative changes made by Am. Sub. H.B. 33 related to the municipal net profit tax as administered by the ODT.