IRS Issues New Final Regs on RMDs
The IRS has just released final regulations on required minimum distributions (RMDs) from qualified...
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Tax Updates
New Ohio Employer Withholding Rates Effective July 1, 2024
The Ohio Department of Taxation has issued new employer withholding tables for payrolls that end on...
Personal Use of Corporate Jets: Flying Below the IRS’s Radar
The IRS has announced a new audit initiativetargeting the personal use of business aircraft. Some...
Ohio Expands Sales Tax Holiday
This year, Ohio is expanding its sales tax holiday from 12:00 a.m. Tuesday, July 30, through 11:59...
Court Rules Corporate Reporting Law is Unconstitutional but Requirements Remain
Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new...
SECURE 2.0 Changes that Become Effective in 2024
The SECURE 2.0 Act, enacted late in 2022, creates new tax-saving opportunities for retirement...
Important Tax Figures for 2024
The following chart provides some important federal tax information for 2024, as compared with 2023:
2024 Standard Mileage Rates
Beginning on January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups...
IRS Delays $600 Form 1099-K Reporting Threshold
Businesses and individuals concerned about the confusing 1099-K reporting requirements can breathe...
New Electronic Filing Requirements for Forms W-2 and 1099
Earlier this year, the IRS and State of Ohio announced updates to filing requirements for certain...