by angelacoleman | Aug 4, 2021 | Accounting, Businesses, cpa, Home Insights, Ohio, Tax Reform
On July 1, 2021, Ohio’s governor signed H.B. 110 into law. As part of the $72 billion two-year budget, legislative changes were made to several areas of Ohio taxation. The following highlights important developments under the new law related to sales, commercial...
by angelacoleman | Jul 29, 2021 | Accounting, Business Consulting, Businesses, Consulting, cpa, Home Insights, Tax Reform, Uncategorized
Section 1202 of the Internal Revenue Code is growing in popularity among investors and may become even more valuable in 2022. Section 1202 allows founders and investors of corporations to exclude up to 100% of their capital gains derived from the sale of qualified...
by angelacoleman | Jul 22, 2021 | Accounting, Business Consulting, Businesses, cpa, Home Insights, Tax Credit
The IRS recently made changes to the child tax credit as part of the American Rescue Plan Act. Significant changes to the tax credit include: The amount of the credit has increased for certain taxpayers. The credit is fully refundable, meaning you can receive it even...
by ednera | Feb 19, 2019 | Businesses, Deductions, Home Insights, Pass-through, Rental Real Estate
20% Pass-Through Deduction for Rental Real Estate and BusinessesRecently issued final regulations on the Section 199A deduction, also known as the pass-through deduction or 20% deduction, provided some much-needed guidance and explanations related to qualification,...
