Understanding the Jock Tax Pro athlete earnings have the potential to soar beyond the average paycheck. However, with great salaries come great taxes, and… More on this story
Tax records: What can you toss and what should you keep? Generally, the IRS has three years to audit a tax return, from the later of the due date of the… More on this story
New Questions about BOI Reporting A recent federal court ruling has raised questions about a controversial new rule requiring millions of small- to medium-sized business… More on this story
Is your business closing? Be sure to handle any and all final tax responsibilities Businesses shut down for many reasons. Here are just a few: An owner’s retirement, A lease expiration, Staffing shortages, Partner… More on this story
New Tax Rules for Employer-Sponsored Retirement Plans in 2024 The omnibus spending bill known as the SECURE 2.0 Act made dozens of changes to the tax rules governing employer-sponsored… More on this story
Charitable Remainder Trusts: Pros, Cons, and Precautions For business owners trying to juggle financial planning, estate planning, and tax planning concerns while also supporting a worthy cause,… More on this story
Business Travel in 2024: What’s Deductible? If you and your employees will be traveling for business this year, there are many factors to keep in mind…. More on this story
Employee Retention Credit Update: IRS Allows Cancellation of Erroneous Claims As the IRS continues to deal with issues involving the Employee Retention Credit (ERC), the agency is offering businesses that… More on this story
Strategies for handling estimated tax payments Many individuals today are self-employed or generate income from interest, rent, dividends and other sources. If you’re in this situation,… More on this story
Changes to the Ohio Commercial Activity Tax (CAT) The recent enactment of H.B. 33 of the 135th Ohio General Assembly has changes that may eliminate the requirement for… More on this story
