Tag: Tax Strategies

Scholarship Granting Organizations (SGOs) provide need-based scholarships to students attending private schools. In Ohio, taxpayers who donate to SGOs may qualify for a dollar-for-dollar state tax credit of up to $750 for individuals or $1,500 Read More

As identity theft continues to be a growing concern, particularly when it comes to filing taxes, the Internal Revenue Service (IRS) offers a tool to help secure your tax information: the Identity Protection Personal Identification Read More

Among the most common challenges of any long-term construction project are fluctuating job costs. However, variations in the cost of materials and labor over time aren't the only cause for concern. Permitting issues, economic changes Read More

On February 27, 2025, FinCEN announced important changes to Beneficial Ownership Information (BOI) reporting enforcement and deadlines, which may impact your compliance requirements under the Corporate Transparency Act.   Key Highlights of the Announcement No Read More

Controlling costs is always at the forefront of manufacturers' minds, but the current environment makes it particularly critical. With new tariffs going into effect and more being proposed by President Trump, imported goods that are 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 Republicans will soon control the White House and both chambers of Congress, which will likely open the door for major tax legislation next year. Here are some thoughts on how this power shift could 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

With year end rapidly approaching, many business owners are focusing on budgeting and strategic planning for 2025. But you shouldn't overlook last-minute opportunities to cut taxes for 2024. Here are some tax-smart moves for businesses Read More