Business, Tax & Real Estate

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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cular types of restrictions included in the entity’s governing documents. Taxpayers implementing proper discount planning have been able to reduce the federal transfer tax value of their family business interests by 25 to 45. However, Section 2704 authorized the Treasury to issue additional regulations in...

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Update 9/20/2016 The Ohio Supreme Court’s Board of Professional Conduct issued a non-binding opinion on August 5, 2016, stating that due to existing Ohio Rules of Professional Conduct, lawyers may not advise a client regarding medical marijuana issues because lawyers cannot  engage in conduct that violates...

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