Articles & Publications

On July 3, 2023, Governor Mike DeWine signed Ohio House Bill 33, vetoing 44 items from the Ohio General Assembly’s version. The Bill introduces a range of tax-related changes that will impact many areas of Ohio including government, health. Read More >>

The Ohio Department of Taxation announced that the 2023 Sales Tax Holiday will begin on Friday, August 4 and run through Sunday, August 6 at 11:59 pm. During the holiday, the following items purchased for personal use will be exempt from. Read More >>

Under the 2017 Tax Cuts and Jobs Act (TCJA), the tax treatment of research and development (R&D) expenses have changed. These costs, also known as research and experimentation (R&E) costs, impact all taxpayers that have R&D expenses, not only. Read More >>

Congress has come together and agreed on an $1.7 trillion omnibus appropriations bill that was signed by The President last Thursday. Unfortunately, The Bill did not contain tax provisions that many were hoping for, such as the expanded Child. Read More >>

As another year ends, we still have uncertainty whether a tax package will be included in legislation to extend expiring tax credits, delay or remove the change to the treatment of research and development expenses or if the child. Read More >>

This week, the IRS announced the 2023 cost-of-living adjustments (COLAs), which impact retirement plans for more than 67 million Americans. In addition, the Social Security Administration announced the 2023 social security wage base will be $160,200, which reflects a. Read More >>

On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The major impact of the IRA is the government’s investment in clean energy and sustainability through incentives and tax credits. The credits are designed to. Read More >>

Before going into their August recess, both Houses passed the CHIPS and Science Act of 2022, which The President is expected to sign shortly. The Senate also announced the Inflation Reduction Act of 2022 as a budget reconciliation bill.. Read More >>

On June 14, 2022, Ohio passed a law to help pass-through entity (“PTE”) owners deduct state taxes. The new law will provide PTE owners with a state “work-around” tax that is not intended to be subject to the $10,000. Read More >>

With tax season now over, the IRS has begun sending out notices for recently filed returns. There is no need to panic as these notices are sent for a variety of reasons that do not always involve owing more. Read More >>