Important changes to Ohio’s commercial activity tax
Electronic Annual Returns Beginning in 2014, the Ohio Department of Taxation requires all annual commercial activity tax (CAT) taxpayers to file and pay electronically via the Ohio Business Gateway....
View ArticleGet a head start on tax planning
Many taxpayers who prepare their own tax returns have experienced that sinking feeling at the end of the preparation process when they realize they owe more than anticipated. Avoid this unpleasant...
View ArticleState tax changes and updates
Kentucky Angel Investment Credit Beginning in 2014, Kentucky has created a nonrefundable personal income tax credit for individuals making a minimum investment of $10,000 in an eligible business. An...
View ArticleSales tax rates change in Illinois
Effective July 1, 2014, certain taxing jurisdictions in Illinois are changing their sales tax rate on general merchandise sales. For the Chicagoland area, the changes for locations in Cook County are...
View ArticlePrevent identity theft and related tax fraud
Being able to do more online and via mobile technology is a great convenience, but also creates opportunity for identity theft. A growing area of concern is tax fraud. A fraudulent return can be filed...
View ArticleOhio budget bill update
Governor John Kasich signed House Bill 483, the Ohio budget update, into law in May 2014, introducing some important tax changes. It accelerated the phase-in of the personal income tax rate reduction...
View ArticleOhio business taxpayers are getting back their money
How do you know if your business has overpaid on taxes? Well, if you’re located in Ohio, the Department of Tax will give you a call. It’s all because this summer Governor John Kasich signed Senate Bill...
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Internet sales tax tabled until 2015
Cyber Monday shoppers don’t despair – you’re safe from internet sales tax again this year. A bill that would have applied sales tax to online shopping has been tabled until next year, according to an...
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Looking for your Ohio tax refund? There is an app for that.
Photo from http://www.tax.ohio.gov/ If you have not yet received your Ohio or school district individual income tax refunds yet (including from an amended return), the Ohio Department of Taxation...
View ArticleAre you planning for year-end?
With 2014 quickly coming to a close, there are many strategies available to you to reduce your annual tax liability. While there have been very few legislative changes this year, there is continued...
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