QuickBooks® Online: Four Tips to Make 1099 Time a Breeze
January can be a hectic time for many business owners, bookkeepers, or accountants due to closing books for year end and preparation of 1099 information returns. Karen Johnson, CPA and QuickBooks® ProAdvisor, outlines steps you can take to ensure you can print an accurate and complete 1099 Transaction Detail Report to support 1099 preparation or […]
Ohio Opportunity Zone Tax Credit Program Adds Second Application Round
As part of the Federal Tax Cut and Jobs Act of 2017, the State of Ohio worked with the U.S. Treasury Department to establish Ohio Opportunity Zones (OZs) in over 300 economically distressed census tracts in 73 of its counties. These Ohio OZs were selected based on submissions by local government officials and nonprofit economic […]
Should your business be outsourcing sales tax compliance?
Without the ongoing burden and uncertainty related to sales tax compliance, your financial management resources can work on more complex issues and proactive tax planning. Understand the cost of sales tax compliance: In-house vs. Outsourcing, in this side-by-side comparison. Download Infographic Download Infographic
Ohio Tax Update: HB 515 Sale of a business may qualify for Ohio Business Income Deduction treatment
Overview Ohio Governor Mike DeWine signed 2022 House Bill 515 (“law” or “law change”) on June 24, 2022, clarifying the sale of an equity or ownership interest in a business qualifies for the Ohio Business Income Deduction (BID). The bill’s changes apply to any transactions, refund applications, audits, petitions for reassessments and appeals pending on […]
KY House Bill 8 to Lower Income Tax, Add Sales Tax to High-Growth, High Consumption Services and Create New Tax Amnesty
After being approved in Kentucky’s House and Senate, then being vetoed by Kentucky Governor Andy Beshear, H.B. 8 was officially ratified on April 13, 2022. The ratification required the Republican Supermajority to impose an override of the Governor’s veto in the last two days of the Kentucky General Assembly’s recent session. House Bill 8 will […]
Comparing the Cost of Sales Tax Compliance: In House vs. Outsourcing Infographic
Sales tax compliance can get incredibly complex. If your company only has sales tax nexus in one or two states, then the process could be relatively manageable. The complexity (and risk) grows drastically, however, as your sales tax obligation and the number of states in which you have nexus grows. At some point, most companies […]
Ohio Tax Update: Ohio 2022-2023 Biennial Budget Tax Reform
Overview Ohio Governor Mike DeWine signed 2021 HB 110 (“law” or “law change”), Ohio’s 2022-2023 biennial budget with significant tax law changes, rate reductions, and municipal income tax reforms. Many of the changes are effective retroactive to January 1, 2021 and other effective dates as noted below. Individual Income Tax Law Changes HB 110 reduces […]
Sales Tax Rapid Refund Review for Manufacturers
States provide several sales & use tax exemptions to manufacturers. Unfortunately, many manufacturers miss these exemptions because the laws are complex and difficult to apply. Download this guide to learn how our Sales Tax Rapid Refund Review could identify valuable refund or tax savings opportunities. Are you a manufacturer? Don’t overpay sales & use tax. […]
Manufacturing Sales & Use Tax Success Stories
A sales & use tax refund review is a great way to identify potential tax savings and refund opportunities. Best of all, CSH offers a free preliminary assessment. Still not convinced? Download these success stories to see how our sales & use tax experts helped clients save and recover significant dollars. Are you a manufacturer? […]
14 Sales & Use Tax Risk Factors That Could Be Costing You
Manufacturers: Is Your Sales & Use Tax Process Risking Your Bottom Line? Download our checklist to find out. Sales & use tax compliance is complicated, especially for manufacturers. Our checklist covers 14 bad habits that indicate your sales & use tax processes could benefit from an expert review. Are you a manufacturer? Talk to a […]