IRS Publishes New Guidelines for Hardship Distributions

On February 23, 2017, the IRS issued a memo on substantiation guidelines for safe-harbor hardship distributions from 401(k) plans.  This memorandum was sent to all employee plans (EP) examination employees.  The memo covers whether or not a 401(k) plan hardship distribution is “deemed to be on account of an immediate

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Ohio Tax Reform May Mean Big Changes for Contractors

Ohio Governor John Kasich released the fiscal year 2018-2019 budget on January 30, 2017. Key tax reform proposals of particular interest to commercial builders and construction contractors include: Simplifying Municipal Tax Filing for Businesses to Encourage More Economic Growth: The Ohio local tax compliance burden is onerous for contractors who

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