Are Business Meals Deductible Under the New Tax Law?

One of the changes with the passage of the new tax law is regarding the deductibility of meals and entertainment expenses. Under the old law, business meal and entertainment expenses were 50% deductible on the business tax return. Under the new law, only 50% of...

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Ohio amends income tax residency test

On June 14, 2018, Ohio Governor Kasich signed legislation amending the income tax residency test. The law before the amendment stated that the individual was not domiciled in the state if the individual had fewer than 213 contact periods in the state. In addition to...

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IRS Reveals New 1040 for 2018

The IRS has released a draft version of the 2018 Form 1040, U.S. Individual Income Tax Return. The new form is two half pages in length and eliminates over 50 lines compared to the 2017 form. Many items that in the past appeared on pages one and two of the 1040 have...

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Supreme Court ruling changes state sales tax collection

In a decision on June 21, 2018, the Supreme Court ruled that states can require online retailers who have substantial nexus in a state but who do not have a physical presence to remit sales tax to the state. In the past, retailers had to have a physical presence in...

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IRS Warns Taxpayers about Scams

The IRS has again put out a warning for taxpayers regarding scam attempts. Read the article here to protect yourself. If you are unsure if you are being scammed, don't give any identifying information and hang up immediately. Contact Us with any...

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New IRS Tax Exempt Organizations Information Tool Available

The IRS recently announced a new tool that is designed to provide faster, easier access to publicly available information about tax-exempt organizations. Some of the features of the new tool include: Images of Form 990, 990-EZ, 990-PF, and 990-T for the organization...

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Tax Reform and How it Affects You

The Tax Cuts and Jobs Act was signed into law on December 22, 2017. This major tax reform made many changes to the existing tax code. Read the letter in the link below to see how it may have affected you. How Did the Tax Reform Affect Me? If you would like to discuss...

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IRS Releases New Withholding Calculator

With the new tax law that is now in place, the IRS is encouraging taxpayers to do a "paycheck checkup" to make sure that enough tax is being withheld from their paychecks. This is especially important for 2 Income Families People with 2 or more jobs concurrently or...

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The Work Opportunity Tax Credit (WOTC)

The Work Opportunity Tax Credit (WOTC) is a tax credit available to employers who hire individuals from specific target groups (such as hiring Paulding or Van Wert County residents age 18-39). This can be significant savings for your business if you qualify. To learn...

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