The Ohio House is pursuing a significant change to Ohio’s Business Income Deduction currently benefiting owners of Ohio pass-through entities. The current Business Income Deduction provides great tax benefits for business owners; however, it is costing the state approximately $1 Billion in revenue.
Topics: brixey and meyer, ohio, Tax, Tax Team, Business Owners, Deductions
Businesses that use a car or other vehicle may be able to deduct the expenses of operating that vehicle on their taxes. Generally, a business can use one or two methods to figure their deductible vehicle expenses:
Topics: brixey and meyer, ohio, Tax, Tax Team, Steve Hood, Vehicle, Deductions