The State of Ohio has more than 600 municipal taxing jurisdictions to which businesses are required to file tax returns. Businesses file paper returns to each municipality, with the exception of those that are part of the Regional Income Tax...
In just five screens, our Standard vs. Itemized Tax Deduction Interactive tool can help your clients understand the changes in the standard deduction and itemized deductions. This tool can also help you discuss the tax law changes and their impact...
What effect is tax reform having on your tax practice and delivery of services to your clients? We asked our tax accountants at QuickBooks® Connect, and here’s what they had to say. Are you still getting up to...
On Jan. 18, 2019, the Treasury Department and the IRS issued final regulations and three pieces of guidance around the new qualified business income (QBI) deduction. The Tax Cuts and Jobs Act established a 20 percent QBI deduction for sole...
The IRS released Publication 535 on Jan. 30, 2019. Chapter 12 covers the qualified business income (QBI) deduction, including guidance, worksheets and instructions in arriving at the new 20 percent deduction. Under the Tax Cuts and Jobs Act, and beginning...
Social Security benefits can provide a sizeable chunk of income and can possibly be the primary source of income for older Americans. However, many retirees may not fully understand the rules around receiving benefits and the relationship between monthly benefit...
The hobby loss rules limit the deductibility of expenses related to activities not engaged in for a profit; determining this is based on the facts and circumstances of each situation, but regulations under IRC Sec. 183 provide a safe harbor...
Time’s up. Tax season is here. By now, I trust your advisory strategy is gaining momentum, your staff is now well-versed on the nuances of the new QBI deduction and you’ve made those critical appointments to help your clients adjust...
Something as complicated as tax reform can be difficult to explain in simple terms to clients who would rather focus on their businesses than be overwhelmed by one more phone call, newsletter or even email string. We feel their pain;...
As tax and accounting professionals, we all want our clients to be successful. Yet, while most small business CEOs are really knowledgeable about their particular product, service or business, I find that most lack skills around financial and business insight....
The State of Ohio has more than 600 municipal taxing jurisdictions to which businesses are required to file tax returns. Businesses file paper returns to each municipality, with the exception of those that are part of the Regional Income Tax... 
