News from the Governors biennial budget March 13, 2019 Under the governor’s proposal, Ohio would provide a 10 percent, nonrefundable income tax credit to those who invest in the state’s Opportunity Zones. The Executive Budget proposes a nonrefundable personal income tax credit equal to 10 percent of capital gains reinvested
The National Institute of Standards and Technology (NIST) recently released version 2.0 of its Risk Management Framework (RMF). The RMF addresses security, privacy, and supply chain risk in an integrated manner. One of the significant additions to the RMF is a step called Prepare. Prepare is intended to help organizations
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
Gift cards, bonuses and incentives are very popular throughout the end of the calendar year and in the opening months of the new year. Unfortunately, scammers are well aware of this, and they’re looking to cash in. As a result, companies are more vulnerable to Business Email Compromise (BEC) scams.
Both S corporation (S-corp) and C corporation (C-corp) structures share many common benefits; however, there are several notable differences that could have a direct impact on your business. Some of these differences can be an advantage or disadvantage, at any time, for either structure. Here’s a quick summary of what