Tax Rate Update

Ohio individuals will experience a tax rate decrease that is retroactive to January 1, 2021.

Topics: Tax Planning, ohio, Tax, Tax Team, Tax updates, Sales Tax, Income Tax

The Biden Administration’s American Families Plan and other tax proposals may complicate the tax landscape for high-income earners. Many of the proposals target taxpayers earning more than $400,000 per year.

Topics: Tax Planning, ohio, Tax, Tax Team, Tax updates, workplace productivity, meal deduction, Management, Deductions, Workplace Culture, Tax Increases, Biden Administration

The 2020 Q2 estimated tax payment date for businesses and individuals is extended from June 15^th to July 15^th under IRS Notice 2020-23. The relief applies to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020 and before July 15, 2020, including individuals, trusts, estates, corporations and other noncorporate filers. 

Topics: Tax Planning, ohio, Tax Team, Business Owners, workplace productivity, Management, Taxes, 2020, Workplace Culture, Coronavirus, Stay at Home Order, COVID-19

The Internal Revenue Bulletin 2018-10 was released March 5, and the Internal Revenue Service (IRS) described changes to the limit on health savings accounts (HSAs) as prescribed by the Tax Cuts and Jobs Act of 2017. 

Topics: Tax Planning, brixey and meyer, planning, Tax, Tax Team, tax reform, Tax updates

Our team has prepared a summary of key provisions from the Tax Cuts and Jobs Act (“Act”) which became law December 22, 2017.  

 

Please click HERE to view those provisions. 

Topics: Tax Planning, brixey and meyer, planning, Tax, Tax Team, tax reform, Tax updates

 
President Trump has signed into law a massive tax-cut bill.

Topics: Tax Planning, brixey and meyer, planning, Tax, Tax Team, tax reform, Tax updates

Even though the specter of tax reform is looming large and it appears that a bill will be passed before year-end, most of the new provisions will not be effective until 2018. 

Topics: Tax Planning, brixey and meyer, year-end planning, planning, Tax, 2017 tax planning, Tax Team

 On Thursday, November 2^nd, the House GOP leaders took a big step in their attempt to overhaul the US tax code by releasing legislation that proposes several changes to the current system.

Topics: Tax Planning, Accounting, dayton cpa, cincinnati cpa

Topics: Tax Planning, Accounting, dayton cpa, cincinnati cpa

As Bean Counters, each year there is a season we endure that is not associated with weather.  

This season is called Tax Season, also known in our profession as "Busy Season."  ...for good reason!

One would think that all Bean Counters are counting down those 105 days of glory...but remember, "we aren't your average bean counters."  Long hours, copious amounts of caffeine, and a ticking timeline has nothing on our team...we will MISS tax season.

Topics: Tax Planning, Accounting, cpa, dayton cpa, cincinnati cpa