Insights
Tax
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June 1, 2023
Move Over TikTok, the Tax Man May Be Snooping on You, Too
In a unanimous opinion, the U.S. Supreme Court ruled that existing law allows the IRS to probe your bank records, without ever notifying you
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May 25, 2023
Senators Brown and Cassidy Propose Legislation to Ease Burdens for Small Businesses and Raise IRS Reporting Threshold for Online Sellers
Senators Brown and Cassidy introduce the Red Tape Reduction Act, designed to ease burdens for businesses & raise IRS the reporting threshold.
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May 22, 2023
Ohio House Bill 501 Expands the Possibilities for Townships Use of TIF and PILOT Incentives
Recently enacted Ohio House Bill 501 expands options for townships desiring to create a tax increment financing (TIF) incentives agreement.
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April 27, 2023
Ohio House Passes $88 Billion State Budget Plan Including Tax Cuts
The Ohio House passed an $88 billion state budget plan this week that includes tax cuts, infrastructure improvements and more.
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April 11, 2023
Don’t be Fooled! The Top 12 IRS Scams to Avoid in 2023
Taxpayers should understand how to best protect themselves against tax-related fraud and scams. Here are the Top 12 scams to look out for...
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March 29, 2023
Ohio May Launch a Tax Amnesty Program
For the first time in 5 years, Ohio may initiate a Tax Amnesty program for taxpayers to resolve delinquent tax obligations.
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March 22, 2023
Maximizing What You Already Do: The Value of the Research and Development Tax Credit for Startups and Small Businesses
The R&D Credit can be a valuable tax credit for activities that a company may already be performing but not yet appropriately documenting.
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March 14, 2023
Ohio’s Property Tax Exemptions: Do 501(c)(3) Non-Profit Organizations Still Need to Pay Taxes on Their Real Property?
Ohio provides for property tax exemptions for real property held by 501(c)(3) non-profit organizations. However, the exemption is not automatic.
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March 9, 2023
US Supreme Court Upholds Single Penalty for Non-Willful Violations of Bank Secrecy Act
In Bittner v. United States, SCOTUS held that non-willful violations of the BSA should be handled per annual report, not per bank account.
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January 13, 2023
So, You Want to Be a Billionaire? Tax Considerations for Winning the Mega Millions Jackpot
If you were to win the Mega Millions, you’d likely enter into a whole new tax bracket. As you dream of winning the lottery, here are some tax considerations.
