Four Ohio municipalities will see local income tax hikes. Unofficial results from the May 4 municipal income tax elections indicate that: 1) the Cridersville Village income tax rate will increase from 1% to 1.5%, effective July 1; 2) the Midvale Village income tax rate will climb from 1% to 1.5%, effective Jan. 1; 3) the Powell City income tax rate will rise from 0.75% to 2%; and 4) the Brewster Village income tax rate will increase from 2% to 2.5%. Effective dates for the Powell City and Brewster Village increases were unavailable.
There still may be time to reduce your small business 2023 tax bill
In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You still have time to take advantage of a few opportunities. Time deductions and income If your business operates on a cash basis,...
