National Taxpayer Advocate (NAS) Nina Olson, who is scheduled to retire on July 31st, 2019, addressed Congress for the 37th and presumably last time in her role. Olson, who has held the role of NAS for 18 years, addressed Congress to review the 2019 tax season and the state of the IRS. read more…
For many individuals, September means it is time to look for a new car since the upcoming year’s automobile models are introduced.
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The IRS announced this week in IRS Notice 2019-11 that it would not penalize taxpayers whose tax withholding and estimated tax payments fell short last year due to failing to 
change their withholding under the Tax Cuts and Jobs Act (TCJA). read more…
In a blow to several high-tax states, a federal judge has upheld a key provision of the Tax Cuts and Jobs Act (TCJA), the State and Local Tax (SALT) deduction cap.
Under the TCJA, congress placed a cap on the amount taxpayers could claim on their Schedule A for state and local taxes. read more…
Beneficial Ownership Information Reporting Requirement
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Since Dec. 9, business taxpayers have been able to view their account status online through the OH|TAX eServices system.
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In late October, the Financial Crimes Enforcement Network (FinCEN) announced that certain victims of Hurricane Milton will receive an additional six months to submit Beneficial Ownership Information (BOI) reports.
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DOL Final Rules on Independent Contractor Classification
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Ohio TechCred is a relatively new program that promotes technical training to build a stronger skilled workforce within the state.
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With the start of the 2024-2025 school year seemingly right around the corner, the Ohio Department of Taxation announced an expansion of the state’s annual sales tax holiday.
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There will soon be a big change for some taxpayers in how they send tax payments to the federal government or receive refunds. Executive Order 14247, Modernizing Payments to and from America’s Bank Account, is intended to modernize financial operations, reduce costs,...
Ohio employers and employees should prepare for an important payroll update this fall. Starting Oct. 1, the Ohio Department of Taxation will implement new state income tax withholding tables. The change was necessitated by the passage of House Bill 96, the state’s...
Artificial intelligence (AI) is not just for tech companies and research labs; it is quickly becoming part of everyday life. Today, many people are already using AI without even realizing it, and in the next few years, it will be as common as smartphones or Wi-Fi. Let...
Like many other industries, there is a shortage of talent entering the public accounting industry. To combat this issue, the Ohio Society of Certified Public Accountants (OSCPA) formed the Ohio Accounting Talent Coalition (OATC), whose mission is to create a thriving...
On March 25, President Donald Trump signed Executive Order 14247, Modernizing Payments to and from America’s Bank Account. The Executive Order is intended to modernize financial operations, reduce costs, minimize fraud and eliminate inefficiencies associated with...
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