What is HECVAT – and how does it matter to your business? If you’re working with higher education, or if the university market is part of your growth strategy, it could matter quite a bit. Here’s what you need to know: What is HECVAT? HECVAT started as the Higher Education
On Monday, September 13th, the House Ways & Means Committee proposed sweeping changes to retirement accounts for high-net-worth individuals. The proposals are aimed at reducing the dollar value of assets held in Individual Retirement Accounts (IRAs) for these high-net-worth individuals. Below are specific items included in the proposals:
What’s the impact of the 2020 Employee Retention Tax Credit (ERTC) on income tax filings? According to the newest guidance from the IRS, it could be quite substantial for some filers. The current IRS guidance states that if a taxpayer has a 2020 ERTC credit, then the wages on the
The Consolidated Appropriations Act (CAA), which passed in late December 2020, removed the CARES Act clause that disallowed PPP borrowers from claiming the Employee Retention Credit (ERC). This change has opened the floodgates and allowed struggling businesses to retroactively claim the ERC, which they had not previously been eligible for.
Each year, the University of Cincinnati Carl H. Lindner College of Business Goering Center for Family and Private Business recognizes and awards successful companies that represent the ideals that they hope to see grow throughout all of Greater Cincinnati’s economy, and that are critical to the sustained vibrancy of the
Ohio Governor Mike DeWine signed the Ohio biennium budget, Am. Sub. House Bill 110, earlier this summer providing funding to the state for the next two years. Included in the bill was the repeal of sales tax on employment service provider (“temp agency”) fees beginning October 1, 2021 in Ohio.