Resources

Archive for the ‘Tax Services’ Category

Friday 07/26/2019

Ohio House Bill 166 Highlights: What Businesses and Individuals Need to Know

Eric Dorenkott, CPA, MT is a director at the firm and the head of the tax department. On July 18, 2019, Governor Mike DeWine signed into law the 2020-2021 Ohio budget (House Bill 166). The following blog outlines the issues that could affect you and/or your business this year and into the future: Individuals (effective […]

Read More

Wednesday 07/24/2019

“Back to School” Sales Tax Holiday Begins Friday, August 2!

Beginning in 2019, Sub. S.B. 226 provides for a permanent sales tax holiday on the first Friday, Saturday, and Sunday of August each year. For 2019, the sales tax holiday will begin on Friday, August 2 at 12:00 am and end on Sunday, August 4 at 11:59 pm.  During this time, approved purchases are exempt […]

Read More

Tuesday 05/21/2019

Turn that Charitable Donation into a Deduction through your IRA

Required to take an IRA distribution?  Like to be charitable? A popular way to transfer IRA assets to charity is via a tax provision which allows IRA owners who are 701/2 or older to direct up to $100,000 per year of their IRA distributions to charity. These distributions are known as qualified charitable distributions, or […]

Read More

Thursday 01/31/2019

What Is Estimated Tax and Whom Does It Apply To?

Rob O’Neil is a manager in the tax department. Estimated tax payments are a  method of paying tax on income that is not subject to withholding tax. This includes income from self- employment, business earnings, interest, rent, dividends and other resources. The IRS generally requires estimated tax to be paid in four equal installment payments […]

Read More

Thursday 01/24/2019

Tax Considerations for Newlyweds

Gwyn Broski is a supervisor in the tax department at Corrigan Krause. Marriage is an exciting time for couples however, along with most life changes; your tax situation also changes. It is important to understand basic tax considerations and consequences for newlyweds. This article explains some of the changes that will affect your tax filings […]

Read More