Mar 28, 2019, 10:52 AM
by
Jessica Salerno Shumaker
Ohio businesses that have a taxable year that begins on February 1st, and want to file their 2019 municipal net profit tax with the Ohio Department of Taxation, must register on or before, April 1st on the Gateway.
One of the trickiest parts of this year’s busy season has been calculating how properly compensated for the additional work required for 2018 tax returns.
The state's gas tax has remained at 28 cents per gallon since 2005, but legislators are discussing an 18-cent increase to address the condition of Ohio's roads and bridges.
OSCPA Tax Policy Director Greg Saul, Esq., CAE, said members of the Society's Federal Tax Committee have raised concerns that they need more guidance than was provided in Revenue Procedure 2018-40.
Less confusion, less hassle and less frustration. That’s the difference opting in to centralized collection could make for you and your business this year.
Many Ohio businesses will miss out on the chance to save on some of their tax compliance burden – estimated by the Ohio Department of Taxation to collectively save Ohioans more than $800 million in administrative costs – if they ignore a deadline coming up March 1.
The IRS is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.
The IRS has expanded eligibility for its Identity Protection PIN test program to taxpayers in the top 10 locations where identity thefts are reported to the Federal Trade Commission.
Last week’s appeals court decision in favor of the Ohio Department of Taxation over cities was good news for the state’s economy for several reasons, said Barbara Benton, CAE, OSCPA’s VP of government relations.
The Ohio Society of CPAs this week sent a letter to Ohio’s Congressional Delegation urging them to provide relief to taxpayers in the wake of tax reform and the recent federal government shutdown.