Ohio Tax Update: H.B. 33, Biennial Budget Bill – Significant Tax Changes

Overview Gov. Mike DeWine signed the Ohio Biennial Budget Bill into law on July 4, 2023. There are significant business and personal tax changes included in the bill. Below are highlights of the various tax impacts, including Gov. DeWine’s line-item veto provisions. Personal Income Tax Reductions  Personal Income Tax: The bill introduces a two-year phase-in […]

Should your business be outsourcing sales tax compliance?

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

What Do the 2023 Cost-of-Living Adjustment Numbers Mean For You?

Cost-Of-Living Adjustment 2023

The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you implement tax strategies for 2023, be sure to take these 2023 adjustments into account. Also, keep in mind that, under the Tax Cuts and Jobs Act (TCJA), […]

New Congress: Possible Tax Legislation Changes on the Horizon

Tax Legislation Changes Horizon

The scales shifted during the 2022 mid-term election in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it’s in question whether or not any tax-related legislation can muster the requisite bipartisan support, a review of certain provisions in existing laws might provide an indication of the many areas ripe for […]

Year-End Spending Package Tackles Retirement Planning and Conservation Easements

Desk with gavel, books that read "legal," and gold scales of justice.

Just before the end of 2022, (Dec. 22, 2022), Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new laws that could affect your financial planning: the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act (also known as SECURE 2.0) and the Conservation Easement Program Integrity Act. Bolstering […]

2023 Tax Calendar

To help you make sure you don’t miss any important 2023 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them. Date Deadline for  January 10 […]

2022 Year-End Tax Planning for Individuals — Recorded Webinar

calculator on top of money tax

View On-Demand Webinar: Year-End Tax Planning for Individuals On December 1, 2022, Jane Pfeifer and Mark Gaudet (joined by moderator Brendan Walsh) looked at the tax implications individuals should consider for the end of 2022. Although the live webinar event has ended, you can view the recording by clicking the button below. Please note: CPE […]

The Inflation Reduction Act Extends Energy Efficiency Building Incentives

In August 2022, President Biden signed the Inflation Reduction Act of 2022, H.R. 5376. The legislation includes components of the former Build Back Better Act and addresses energy, health, and targeted tax policies aimed at fighting inflation, increasing domestic energy production, and reducing US carbon emissions by 40 percent by the year 2030. To meet […]

Inflation Reduction Act Expands Valuable R&D Payroll Tax Credit

Expanded R&D Payroll Tax Credit

When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s climate change and health care provisions. But the law also enhances an often-overlooked federal tax break for qualifying small businesses. The IRA more than doubles the amount a qualified business can potentially claim as a […]