Comprehensive Tax & Legal Solutions
According to the Ohio Department of Taxation, legalization of marijuana could bring in as much as $300 million in new tax revenue to the state. That figure is based on the assumption that there would be little integration of the wholesale and retail marijuana...
When you run your own business or a small business, you know there are many pieces that go into the puzzle that makes up a successful business. You generally need a great concept and provide a great product or service that allows you stand apart from similar products...
Many states use tax rates and other tax treatment as a means of luring businesses to the state and retaining those in the state. Ohio is no different, and the discussion out of the legislature every year always includes heated debates regarding how to change taxes to...
Taxes and tax policies are complex. The laws and regulations that implement federal, state and local taxes in Ohio derive from multiple sources and each one of the taxing authorities have their own interests to serve. And because tax codes are statutory and...
Dealing with the IRS is never fun. We’ll take our award for “most obvious comment of the day” now. In all seriousness, despite the agony of dealing with the IRS, you need to go about that interaction in a professional and appropriate manner. Failing to do so can lead...
The Ohio legislature has been considering changing the state’s severance tax recently. In the last session, the legislature created tax policy study commission, whose job is to examine the state’s severance tax and put together proposals to reform the tax to...
Statutes and regulations often come with specific definitions, which identity they type of thing regulated and how the item defined may work with other statutes or regulations. These definitions often make less than exciting reading, but are necessary to the...
A few months ago, we discussed the lawsuit involving Ohio cities taxing professional football players. The Ohio Supreme Court found that Cleveland’s method of taxing visiting athletes was invalid, and they would need to change it. It could also mean some of those...
Property tax valuation can be a contentious issue between taxing authorities and land owners. In some areas, such as tract residential housing, determining comparables and assessing value may be relatively straightforward, as there may exist thousands of identical or...
The Ohio legislature is still at work on the state’s tax laws and it is unclear what the final result will be, given the competing options percolating in Columbus. The Senate is working on a proposed cut of $500 million more than the House proposed. And the House tax...