Posted by: Robert O’Neil, CPA
read more…Record Retention: What You Need to Know About Employment Records
Posted by: Barbara Theofilos, CPA
read more…Sales & Use Tax Reminder
Posted by: Mary Ann Mezacapa
read more…Understanding the Tax Consequences of Partnership and LLC Debt
Posted by: Howard J. Kass, CPA, AEP®
read more…IRS Announces Increased Contribution Limits for Qualified Retirement Plans
Posted by: Colleen Kaminsky, CPA
read more…Filing Taxes Doesn’t Have to Be a Taxing Event
There are simple solutions to keep the tax deadline from growing into an annual source of stress. By working with your CPA to organize tax information throughout the year, you can help ensure you have everything you need to minimize your tax liability and avoid surprises.
read more…SALT Update: Kentucky Tax Amnesty
Posted by: Brett Neate, CPA
read more…Taxpayers and Identity Theft: How to Protect Yourself
Tax related identity theft is a growing problem in our country. Tax return identity theft occurs when someone uses a legitimate taxpayer’s personal information to fraudulently file a return and claim a refund.
read more…Affordable Care Act – Key Changes for 2014 & 2015 Tax Years
Large Employer Penalties (50 or more FTE’s):
read more…Did I Commit Perjury on My 2011 Federal Tax Return?
Posted by: Colleen Kaminsky, CPA
read more…
SECURE 2.0 Act of 2022 provides student debt relief plan
While student loan forgiveness was a hotly debated topic throughout the past year, one piece of legislation was passed to help those with student loan debt get out from under it faster. Language in the SECURE 2.0 Act of 2022 has the ability to allow employers to...
New Treasury rule limits EV Tax Credits to 19 vehicles
On Jan. 1, new rules targeting the origin of electric vehicle battery materials from countries considered hostile to the U.S. went into effect and limited the number of EVs eligible to receive U.S. tax credits. As part of the Inflation Reduction Act, the guidelines...
Nonprofit Parking Tax Repealed
Recently passed legislation will benefit nonprofit organizations by repealing an unpopular unrelated business income tax (UBIT) on expenses of nonprofits that provide transportation fringe benefits to their employees. The “Parking Tax,” which was imposed under I.R.C....
IRS ERC Voluntary Disclosure Program requires 80 percent payback
In late December, the Internal Revenue Service launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing Employee Retention Credit (ERC) claims in error. According to the IRS website, the program runs...
Ohio Sales Tax Holiday begins Aug. 4
Ohio’s annual sales tax holiday is right around the corner. This year’s weekend-long temporary tax break will begin Aug. 4 at midnight and end Aug. 6 at 11:59 p.m. Initially introduced in 2019 to provide relief for families preparing for the back-to-school season, the...
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