The IRS is reminding organizations that May 15 is the filing deadline for tax-exempt organizations such as nonprofits and churches to file their Form 990-series information returns.
The Ohio House Finance Committee on May 2 accepted several tax changes to the amended version of Ohio’s biennial budget, chief among them to significantly cut the benefits from Ohio’s Business Income Deduction.
Small business owners experienced tax relief on many fronts with the passage of the Tax Cuts and Jobs Act (TCJA) in 2017. But many of the benefits, including the valuable Small Business Deduction, are scheduled to expire after Dec. 31, 2025, absent Congressional action.
Apr 25, 2019, 10:52 AM
by
Jessica Salerno Shumaker
Ohio businesses with a taxable year that begins on March 1 that want to file their 2019 municipal net profit tax return with the Ohio Department of Taxation must register by midnight, May 1.