What the New SALT Cap Parity Bill Means for Ohio Businesses
Ohio recently joined 28 other states who have enacted the “SALT Cap Workaround” with Governor DeWine’s signing of Senate Bill 246. What does that mean for you?
Ohio recently joined 28 other states who have enacted the “SALT Cap Workaround” with Governor DeWine’s signing of Senate Bill 246. What does that mean for you?
By Logan Jaworski | Associate, Tax As we await the smoke to clear from the Tax Cuts and Jobs Act of 2017 (TCJA), Ohio has just passed changes of their own for the 2019 tax year. For tax years 2016 and forward, Ohio Rev. Code Section 5747.01(B) allowed anyone who reports income from a pass-through …
By Mike Fink, CPA | Supervisor, Tax The state of Ohio established a Research and Development (R&D) Investment Loan program for qualified business owners more than 15 years ago but many business owners may be unaware of its existence or benefits. This program provides low-interest loans with a tax credit through the Ohio Development Services …
Why Manufacturers Need to Know About Ohio’s R&D Investment Loan Read More »
Stimulating developments have occurred recently to reestablish important tax deductions for small business owners in Ohio. Early in June: The Ohio House of Representatives passed their version of a state budget, including an increase of $1.2 billion in business taxes. The House budget cuts personal income tax rates by 6.6% but switched tax burden to …