Tax Law

It is pretty well-known that donations to charity can be tax deductible. However, giving gifts of money or assets is far from the only way individuals support the charities they care about. People also may donate their time to charities through volunteering. Can...

Each week, your employees fill out time sheets, punch the clock or log in to record the hours they work. You or someone you hired keeps track of those hours, calculates the pay for each employee and issues a weekly check or deposit for the total amount, minus payroll...

There are certain things it can be very important for consumers to pay attention to when it comes to sales taxes. This includes what sales tax holidays they might be able to take advantage of. Such holidays are periods when certain products normally subject to a sales...

There are certain federal taxes beyond income taxes that a person could potentially be exposed to. One of these is the gift tax. The federal gift tax is a tax on qualifying gifts a person gives to another above a certain amount in a given year. The tax is on the...

All kinds of critical tax issues can come up for a person during tax season. However, that season does not have a monopoly on such issues. There are plenty of significant tax issues that the months outside of tax season can see. For example, a recent article on the...

Facing a large state tax bill can be an intimidating situation for an Ohio taxpayer. Such tax bills could expose a person to various collection tactics, and responding to such a bill can pose challenges. Certain things could make such a situation even more...

One tax benefit an organization might pursue is being granted 501(c)(3) tax-exempt status. Examples of groups that may qualify for this status include: charities, religious groups, scientific groups and education groups. Whether a group holds this status can impact it...

Businesses can be heavily impacted by a wide range of tax laws and policies. This includes the sales tax laws and policies of the states that they operate in. States vary greatly in their sales tax rules. This includes in their rules regarding how their sales tax...

For Ohio business owners, there are a variety of situations that can be very alarming ones. Among these is their company receiving an Audit Commencement Letter. This can mean that the state’s Department of Taxation will be performing a sales tax audit on their...

With tax day just having passed, federal taxes can be fresh on people’s minds. How much federal tax liability do people here in the U.S. generally have? Well, reportedly, in 2016, the national per-person average for federal taxes paid was $8,943. This includes income,...