Ohio Governor Signs HB 166, Eliminating the Small Business Deduction for Some; Cutting Tax Rates for All On Thursday July 18, 2019, Ohio Governor Mike DeWine signed into law House Bill 166. This is a 2-year state budget bill that includes many, significant tax changes for Ohioans. This bill has
On July 18, 2019, Ohio Governor Mike DeWine’s operating budget was signed into law, including a 10 percent nonrefundable income tax credit to those who invest in the state’s Opportunity Zones. The income tax credit is equal to 10 percent of capital gains reinvested, up to $1 million, into Qualified
Due to the challenges placed on non-public companies to implement the new standards on lease accounting and accounting for credit losses, the Financial Accounting Standards Board (FASB) voted on July 17, 2019 in favor of one-year delays in the effective dates for non-public entities. The delay will not be confirmed
House Bill 2 was recently introduced in Ohio to establish and fund three new workforce development programs. Overseen by the Development Services Agency, this bill will support industry sector partnerships and industry-recognized credentials by providing $32.5 million in state funding in FY 2020 and FY 2021 for the three programs.
The 9th annual Community Outreach Day is open for nominations! Barnes Dennig will again give time, energy and resources to many deserving tri-state agencies to go above and beyond to help them achieve their charitable goals. Now through August 2nd, nominations will be accepted for service projects to be completed
On May 9, 2019, Ohio’s House of Representatives passed House Bill 166 by a vote of 85-9. This is a two-year state budget bill that, if passed in it’s current form by the Senate and signed by the governor, will make several significant changes to Ohio tax law. The House