Tax Update: What the “One Big Beautiful Bill” Means for You

Jul 07, 2025 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...

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Comparison of House and Senate Versions of the 2025 Tax Reform Bill

Jun 24, 2025 Sue Schloemer

As Congress works toward finalizing tax legislation, both the House of Representatives and The Senate Finance Committee have released competing versions of what...

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Manufacturers: If Available, Take Advantage of Sales Tax Exemptions

Jun 23, 2025 Kirsch CPA Group

Manufacturers must comply with all relevant tax laws to avoid dire consequences. While the most attention is generally directed toward federal income and payrol...

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IRS to Discontinue Paper Checks

Jun 11, 2025 Sue Schloemer

Earlier this year, President Trump signed an Executive Order directing federal agencies to adopt electronic payment methods for all transactions with the Depart...

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Annual Action Required for Schedules K-2 and K-3

Jan 17, 2024 Sue Schloemer

The IRS released two new schedules in recent years, Schedules K-2 and K-3. These new schedules are an expanded reporting requirement intended to provide more cl...

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Is Your Business Subject to the New BOI Reporting Rules? Due March 21, 2025

Dec 06, 2023 Cassidy Roell

Starting January 1, 2024, an anticipated 32.6 million businesses will be required to comply with new beneficial ownership information (BOI) reporting rules unde...

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Will Your Crypto Transactions Be Reported on a Form 1099?

Oct 06, 2023 Kirsch CPA Group

Some taxpayers may be unaware of all the federal tax reporting requirements for cryptocurrency transactions — especially when it comes to issuing and receivin...

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Ohio Enacts Bill Containing Favorable Tax Changes

Jul 06, 2023 Sue Schloemer

On July 3, 2023, Governor Mike DeWine signed into law House Bill 33, Ohio’s 2024-2025 biennial budget legislation. This new law includes changes that will aff...

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Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?

May 09, 2023 Kirsch CPA Group

The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created t...

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Meeting Your Organization’s Tax-Filing Obligations

Mar 02, 2023 Kirsch CPA Group

The 2022 tax-filing deadline is fast approaching for many not-for-profit organizations. If you operate on a calendar-year basis, your filing deadline is May 15,...

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