Business, Tax & Real Estate

Legislation to clarify and correct the small business deduction on a retroactive basis is getting close to becoming law.  HB 334 was amended into SB 8 (which contains many other items) which was passed unanimously by the Senate Ways & Means Committee yesterday.   The bill then...

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The Ohio Department of Taxation (ODT) recently announced a limited-time tax amnesty program beginning January 1, 2018 and ending February 15.  This tax amnesty program is available to individuals and businesses with unreported or underreported tax debts.  Under the amnesty program, taxpayers who pay qualifying tax...

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The Ohio Senate passed Small Business Deduction legislation (SB 186) 30-2.  This legislation is intended to clarify, retroactive to 2013, that small business owners who engage a professional employer organization to handle their payroll  receive the same tax incentive as those small business owners who do not. HB...

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The Ohio Ways and Means Committee held a hearing today on Senate Bill 186 which contains a proposed legislative clarification of the eligibility requirements for taking the Ohio small business deduction ("SBD").  At issue, was whether small businesses which engage a professional employer organization to handle their...

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[caption id="attachment_7082" align="alignright" width="300"] Photo courtesy of Flickr[/caption] In 2015, the Federal Aviation Administration (“FAA”) adopted a rule regarding online registration of drones which required that all “small unmanned aircraft” register with the FAA.  This rule encompassed all drones, including model aircraft.  However, in a recent...

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