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May 01, 2020
The Tax Cuts and Jobs Act meant many CPAs had to reconsider the status of meals in a business context.
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May 01, 2020
The IRS has promised answers soon on new Internal Revenue Code section 199A.
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May 01, 2020
Ohio is just outside the top 10 of a new ranking of the business tax burdens in all 50 states and the District of Columbia.
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May 01, 2020
On our latest podcast episode, we interviewed a panel of experts on the Supreme Court’s June 21 decision that is expected to have a major impact on U.S. retail business.
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May 01, 2020
The Ohio Business Gateway’s new platform went live on Monday, July 2. Those who did not pre-register need to do so soon to avoid filing delays.
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May 01, 2020
Gov. Kasich on June 29 signed House Bill 133 into law, making official an OSCPA-requested fix of an unclear tax policy that was costing businesses money.
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May 01, 2020
The Ohio Society of CPAs and other business groups on Monday filed an amicus brief detailing further arguments for the need for the centralized collection and administration of the municipal net profits tax.
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May 01, 2020
In case you missed them, here are some recent interesting tax news items from around the web, including cryptocurrency-related tax crimes and why millionaires are fleeing California.
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May 01, 2020
The Ohio Department of Taxation this week issued a reminder to all commercial activity tax (CAT) practitioners and taxpayers that the second quarter 2018 CAT return is due Aug. 10.
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May 01, 2020
Learn what items will be exempt from sales and use tax.
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May 01, 2020
The IRS and the Security Summit partners have outlined critical steps for tax professionals to protect their computers and email as well as safeguarding sensitive taxpayer data.
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May 01, 2020
Ohio businesses that have a taxable year that begins on June 1 and want to file their 2019 municipal net profit tax return with the Ohio Department of Taxation must register by midnight, Aug. 1.
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May 01, 2020
Ohio Tax Commissioner Joe Testa on Wednesday said the Ohio Department of Taxation will not assess a penalty or charge additional interest to those it can verify have been impacted by recent issues with the Ohio Business Gateway.
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May 01, 2020
It’s now been one month since the launch of the modernized Ohio Business Gateway (OBG). On July 25, the Ohio Department of Taxation announced it will not assess a penalty or charge additional interest to those it can verify have been impacted by recent issues with the OBG.
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May 01, 2020
The proposed regulations affect United States shareholders with direct or indirect ownership in certain specified foreign corporations.
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May 01, 2020
The Treasury Department and the IRS have issued proposed regulations on the new 100% depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed in service.
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May 01, 2020
The Ohio Department of Taxation, in cooperation with the IRS and tax prep software vendors, will offer Modernized e-File (MeF) for taxpayers and tax practitioners who have opted to file the 2018 municipal net profit tax return with ODT.
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May 01, 2020
Some decisions of the Ohio Board of Tax Appeals may now be appealed directly to the Ohio Supreme Court rather than to a lower court first, thanks to action by The Ohio Society of CPAs.
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May 01, 2020
The IRS has announced that interest rates will remain the same for the calendar quarter beginning Oct. 1.
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May 01, 2020
The IRS has launched a new web page that contains information about the updated agreement.