Comprehensive Tax & Legal Solutions
Agriculture plays an important role in Ohio’s economy. Property taxes, however, can stifle the agriculture industry – especially when paired with crippling market conditions. As we predicted in a blog post late last year, rural property owners across the state have...
Over the road trucking is a tough business, especially for the typical owner-operator. Income is often erratic, depending on the number of loads available and shipping schedules. Many trucking contracts have inflexible fuel reimbursement rates which can make for very...
A recent U.S. Supreme Court decision could affect cities in Ohio and other states regarding how they tax their residents. The case arose in Maryland, but the Supreme Court ruling could impact as many as 5,000 jurisdictions nationwide, including Ohio, that impose local...
In January, we noted that some former NFL players had sued Cleveland regarding the tax rate applied to their playing in the city when they were active with the NFL. Cleveland used a unique method of calculating the income tax owed, based on the number of days they...
Unfiled or unpaid business or payroll taxes can create serious problems. Depending on how the business is set up, the IRS can and will pursue the owners or managers personally for the employee share of the taxes withheld by the company and not sent to the government....
When it comes to tax policy, there are two ways of making changes. You can lower the need for revenues, and then reduce tax collections. Or you can increase taxes to raise revenue. The first option is difficult as cutting programs are difficult. There are often...
All is not lost if you weren’t able to file your 2014 Federal and Ohio income taxes by the April 15, 2015 deadline. As with many things in life, an ounce of prevention is worth a pound of cure when it comes to filing your taxes. Even if you didn’t file an extension,...
Everyone is familiar with sales tax. We see it on every receipt of every taxable purchase we make in Ohio. If you operate a business in the state, you are also familiar with calculating the amount of sales tax you must charge your customers and remit to the Ohio...
During this “Offer heyday” thousands of Offers were accepted and these companies were many times successful (though never as much as they claimed). However, the very success of the program produced a backlash at the IRS, and since the program allows for significant...
If you run your own small business, you know every penny counts. Which means many small business owners operate their businesses out of their homes, rather than adding another expense to ledger. In addition to saving costs of renting office space and time spent...