A note from Tax Principal Ellen Juram, CPA: Congressional leaders struck a deal on New Year’s Eve that permanently maintains the Bush-era tax cuts for more than 99 percent of households, and President Obama signed it into law Wednesday. Highlights of the American Taxpayer Relief Act of 2012 include:
Ohio Gov. John Kasich recently announced that the state will notify employers who have overpaid Ohio Commercial Activity Tax, rather than relying on the employer to notice the overpayment. The state previously kept any overpayment if the employer did not request a refund. Ohio Notifies Employers of CAT Refund Kasich
By Trishna Shah, CPA, Staff Accountant Economist Alan Beaulieu has been forecasting a mild downturn in the U.S. economy in late 2013 and 2014, but he sees opportunity for distributors to profit despite the macroeconomic environment. “Especially in the first half of the year,” he wrote in the December issue
When two local social service agencies merged in 2009 to form LifePoint Solutions, the new organization quickly melded administrations and programs, so staff members could continue to provide necessary – and high-quality – assistance. But when Roger Rosenberger joined the organization a year later, he noticed that the financial
The state of Ohio launched a new voucher program that will reimburse employers for training their current workforce. Gov. John Kasich has trumpeted the program as a way for Ohio companies to compete in an evolving, high-tech economy, and it could be worth up to $500,000 for a
The IRS has expanded the Voluntary Classification Settlement Program to allow more employers to properly reclassify workers as employees and pay a reduced penalty. Even if an employer has never issued a Form 1099 to the misclassified worker, the employer can participate in the program until June 30, 2013.