Oregon’s New Corporate Activity Tax (CAT)
On May 16, 2019, Oregon Governor Brown signed House Bill 3427, which adopts a new Corporate Activity Tax (CAT) imposed on all types of business entities. The CAT will be in addition to Oregon’s current corporate income tax. The US Supreme court ruling in South Dakota v. Wayfair opened the
Ohio’s TechCred program Opens in October to Fund Training
The state of Ohio recently launched its new $30 Million “TechCred” Program, desiring to strengthen Ohio’s skilled workforce by reimbursing employers who help current or new employees earn industry-recognized, technology-focused credentials. Ohio will reimburse up to $2,000 per credential (capped at $30,000 per funding round) to those businesses whose
Research and Development Tax Credit Expansion Act
On July 22, 2019, a bill (the Research and Development Tax Credit Expansion Act) was introduced that would be effective for taxable years beginning after December 31, 2019 to expand refundability and increase simplification of the research credit for certain small businesses. The Research and Experimentation (R&E) tax credit promotes
Changes to Employee Parking Deduction May Save you Money
Effective January 1, 2018, IRC §274 was amended through the Tax Cuts and Jobs Act (TC&JA) and generally disallows an employer’s deduction for expenses with respect to the cost of Qualified Transportation Fringe Benefits (QTFs) provided to employees. However, the TC&JA did not address how to determine the amount of
Ohio Sales Tax Holiday Starts Today
Friday, August 5th marks the beginning of a one-time sales tax holiday in Ohio, and you can save between 6.5% and 8% in state and county sales tax. The holiday begins on Friday, August 5, 2016 at midnight and concludes on Sunday, August 7, 2016 at 11:59pm. During the period,
Ruling on Double Taxation Case and Refund Eligibility
Ohio currently allows a state credit but no local credit for taxes paid to another jurisdiction, similar to the tax systems in Iowa and Maryland. If Ohio follows suit with the Wynne case, there could be potential for a possible refund of unapplied credits for local taxes paid to other