The passing of the “One Big Beautiful Bill Act” (OBBBA) will have a significant impact on individuals, with some of the most important changes affecting itemized deductions. As tax policy continues to evolve, understanding the ripple effects on individual and business planning is critical. The provisions below reflect some of
Planning for your estate can be a complex process that requires careful consideration of different techniques and strategies. Grantor trusts and intentionally defective grantor trusts (IDGT) are two strategies individuals can use to provide tax benefits for themselves and their beneficiaries while reducing their estate tax liabilities. Grantor trust requirements
Recently, businesses and trade associations led by the Ohio Society of CPAs (OSCPA) sent a letter to Ohio’s Congressional Delegation regarding the issues surrounding 2020 Ohio Bureau of Workers Compensation (BWC) Dividends, expressing concerns about their potential unintended impact on businesses. Requested Exclusion for PPP Loan and ERTC The letter
Filing a Form 990 is one of those tasks that all non-profits must complete. Yet, there are a surprising number of common and not-so-common tips that non-profit leaders can take to make the filing process easier and more beneficial to your organization. In this blog and accompanying video, we break
The Inflation Reduction Act (“IRA”) provided a new tax credit under Internal Revenue Code Section 45X, allowing certain manufacturers to qualify for a production tax credit for the domestic production and sale of eligible components. On December 14, 2023, proposed regulations were issued to provide more insight into this new
The failure of the Tax Relief for American Families and Workers Act (HR 7024) in the Senate has painful implications for research and development (R&D) expenses – and that hits the manufacturing industry hard. The bill, which failed to garner enough support for passage due to policy disagreements, addressed several
A Fresh Perspective, a Clear Path to Profit To reach the top and stay there, your business has to keep improving. There are problems to solve. Processes to refine. When time is tight or you’re out of ideas, it just makes sense to add someone new to the conversation. Who
What does the “One Big Beautiful Bill Act” (OBBBA) mean for your personal tax situation? There’s a lot to unpack here, and we’ll be covering the implications in a series of blog posts. Today, we’re looking at the implications of the OBBBA for individuals, and you may also be interested
Can’t watch the video? Get the transcript. Top non-profit tax pros Paula Hume and Lynn Meiser dive into Form 990 – the different versions, filing requirements for different sizes of organizations, and insights on how the Form 990 can be an asset to your non-profit organization’s growth. Highlights and
Develop Success Beyond Your Next Investment In commercial real estate, bigger is often better. But bigger projects also add complexity. Taxes are tougher. You’re juggling more relationships with investment partners. The fluctuating market poses a constant risk. Still, you have to minimize your tax burden, balance your books, and manage
The Taxpayer First Act, enacted July 1, 2019 requires tax-exempt organizations to electronically file information returns and related forms – but the legislation offers a reprieve for small exempt organizations. The reprieve allows a postponement of the electronic filing requirement, with the IRS accepting either paper or electronic filing of
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, introduces substantial changes to the tax code, many of which directly impact non-profit organizations and the broader philanthropic ecosystem. For non-profit leaders, understanding the nuances of these changes is essential, not only for regulatory compliance but also for