January 15, 2012
There are many important tax changes taking effect in 2012, as well as some that took effect late last year and thus are “new.” Here is a list of the more important changes separated by their effect on taxpayers.
The Good (or not so Bad)
...December 10, 2011
The IRS sent millions of postcards to small businesses and tax-exempt organizations making them aware of the benefits of the small business health care tax credit. This credit, included in the Patient Protection and Affordable Care Act, is designed to encourage small employers to offer health car...
August 26, 2011
Do you owe Use tax to the State of Ohio? Are you sure whether or not you owe the tax? We would like to provide you with the information to make these determinations, or at least start a conversation about the liability. Consumer’s Use t...
June 18, 2011
It's that time of year when many people start traveling on vacations. Wouldn't it be nice to write that trip off? It is possible if the primary reason for the trip is business related. Unfortunately the IRS doesn't define "primary" but if the number days spent on business exceed...
May 15, 2011
One of the four major tax acts that passed in 2010 reinstated a popular tax planning strategy utilized by taxpayers over age 70 1/2. In a nutshell, that strategy involves donating an IRA required minimum distribution (RMD) to a qualified charity. The donation is referred to a "Q...
December 28, 2010
A lot of the tax planning I blogged about recently went out the window when the newly enacted “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” signed into law on December 17, 2010. This is a sweeping tax package that includes, among many ot...