What Business Owners Need to Know About Ohio’s Resident Tax Credit

What Business Owners Need to Know About Ohio’s Resident Tax Credit

Let’s face it, taxes can be confusing, but it’s important for business owners to stay informed. Why? Tax laws change. In this case, there are recent changes regarding the SALT tax cap deduction that you are going to want to know about if you are a business owner. ...
IRS offers a withdrawal option to businesses that claimed ERTCs

IRS offers a withdrawal option to businesses that claimed ERTCs

Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ concerns about the validity of their claims for this valuable, but complex, pandemic-related credit — and the potential consequences of an invalid...
The tax implications of renting out a vacation home

The tax implications of renting out a vacation home

Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in a resort area, you may want to rent it out for part of the year. The tax implications of these transactions can be complicated. It...