Author: Sue Schloemer

On July 5, President Trump signed the One Big Beautiful Bill Act (OBBB) into law—a sweeping tax reform package that makes several key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) permanent, introduces Read More

On June 30, 2025, Ohio Governor Mike DeWine signed into law the state’s biennial operating budget, which includes modifications to the individual income tax structure. The enacted provisions implement a phased transition to a flat Read More

As Congress works toward finalizing tax legislation, both the House of Representatives and The Senate Finance Committee have released competing versions of what is being called “One Big Beautiful Bill.” While the two proposals aim Read More

Ohio’s sales tax holiday is changing this year; it runs for a full two weeks, from 12:00 a.m. on Friday, August 1, 2025, through 11:59 p.m. on Thursday, August 14, 2025. This expanded window presents Read More

Earlier this year, President Trump signed an Executive Order directing federal agencies to adopt electronic payment methods for all transactions with the Department of the Treasury. As a result, the IRS will stop issuing paper Read More

On February 18, 2025, action by the U.S. District Court for the Eastern District of Texas resulted in the reinstatement of the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA), making Read More

Ohio's Commercial Activity Tax (CAT) has undergone significant changes for 2024 and 2025, reducing the tax burden for many small businesses. Here's a brief update on the CAT tax changes:   Increased exclusion thresholds: 2024: Read More

The Corporate Transparency Act (CTA) was passed in 2021 and created a new mandate for beneficial ownership information (BOI) reporting to the Financial Crimes Enforcement Network (FinCEN) starting in 2024. This legislation aims to combat Read More

Ohio's 2024 sales tax holiday is an opportunity for small business owners to attract more customers and boost sales. This year, the annual sales tax holiday has been extended from July 30 to August 8 Read More

As the IRS ramps up efforts to address ineligible claims for COVID-related payroll relief, many small and midsize businesses who applied for funds under erroneous or narrow criteria could face an increased risk of audits Read More