President-Elect Joe Biden has spoken about implementing a lot of potential tax changes while on his campaign trail for president in 2020. While most of the changes he has discussed are in the individual tax realm, but he has a few international corporate tax changes that could affect U.S. corporations
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.
Doing Good Makes Good Business Sense They say that virtue is its own reward. But sometimes it’s not the only one. Has your company recently hired a veteran? Created new jobs? Converted to LED lighting? The tax code rewards economic actions that benefit society as well as business. These tax
Trusts are foundational tools in estate planning, enabling you to manage and distribute assets according to your preferences. But is a simple or a complex trust the right tool for your situation? The choice profoundly influences tax outcomes and overall financial strategies, so to help you identify which is a
Ohio House Bill 33 changed the sales tax holiday to allow tax-free purchases of tangible personal property costing under $500 per item (with certain exceptions). Ohio’s 2024 3-day sales tax holiday is expanded to 10 days from midnight, Tuesday, July 30, 2024, until 11:59 pm, Thursday, August 8, 2024. During
With the holiday and gift-giving season in full swing, it’s important to keep in mind some key strategies that can help you maximize the tax savings of your generous gift. And while you’re making the most of your charitable contributions, it’s vital to know the organization(s) you’re giving to –
Get a Quote For manufacturing companies in Dayton and Ohio, technology is transforming the factory floor … again. But with automation and 3-D printing comes the need for more highly skilled workers, more R&D investment, and stronger supply chains. You need razor-sharp reflexes to reach the top and intelligent strategies
Get a Quote For manufacturing companies in Indianapolis and Indiana, technology is transforming the factory floor … again. But with automation and 3-D printing comes the need for more highly skilled workers, more R&D investment, and stronger supply chains. You need razor-sharp reflexes to reach the top and intelligent strategies
There are big changes in play for Ohio taxpayers this year. The State of Ohio has implemented many changes for 2023, including the implementation of a new online system for Ohio taxpayers and tax preparers, a universal payment coupon, a redesign of the school district income tax return, and many
The Kentucky General Assembly spent the second to last day of the 2022 legislative session overriding Governor Beshear’s vetoes related to the state budget, taxes, education, and more. The changes are effective for tax years after January 1, 2023. If certain conditions are met, the individual income tax will be
On March 20, 2020, the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (DOL) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related
The end of the year represents the perfect opportunity to reflect on the last 12 months and to review your overall personal financial situation. We’ve had a year to assess the impact of 2018’s tax reform bill and to understand how your own tax situation was affected. Reviewing your tax