Ohio Gov. John Kasich announced plans last week to refund another $1 billion in workers’ compensation premiums. The plan, called “Another Billion Back,” would be the second time the state has refunded $1 billion to workers’ compensation customers. Some 184,000 private and 3,800 public employers likely are to receive a
Cost segregation studies have historically provided our clients with a means of deferring taxes and increasing cash flow. However, newly finalized U.S. Repair Regulations provide yet another reason for property owners to implement a cost segregation study. In addition to providing taxpayers with guidance on how to treat expenditures as
Up to this point, tax planning for 2014 has been difficult due to the uncertainty surrounding bonus depreciation. We are receiving calls on a daily basis from our clients inquiring if this favorable deduction has been extended yet. Bonus depreciation has been around for over a decade and the provisions
U.S. Secretary of Commerce Penny Pritzker recently announced the first 12 communities that will be designated Manufacturing Communities as part of the Investing in Manufacturing Communities Partnership (IMCP) initiative. The program is designed to accelerate the resurgence of manufacturing in communities nationwide by supporting the development of long-term economic development
On January 1, 2015, Kentucky will launch one of the most aggressive angel tax credit programs in the country. It’s a big development for the Northern Kentucky region in particular, which has made growing and supporting startups a key part of economic development strategy. The primary goal of the
In 2013, energy efficiency tax planning has a special urgency. That’s because the current Section 179D tax provisions are scheduled to expire on December 31, 2013. A proposal to extend EPAct for three years, through December 31, 2016, and to expand the beneficiary categories, has been introduced in the Senate.