The Big Beautiful SALT Deduction: How the increased SALT cap will impact business owners
July 30, 2025
On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (BBB), which covered many of his campaign promises. This reconciliation, centering upon extensions to the Tax Cuts and Jobs Act (TCJA), is likely the last major bill the Republicans will pass this session. [1] Among the many compromises… Read More
Ohio Pending Budget Bill reduces individual income tax rates, eliminates sales tax exemptions, and extends business tax credits; heads to Gov. DeWine for final approval.
June 30, 2025
The Ohio Budget Bill for FY 2026-27 (H.B. 96) was agreed to by the Ohio House and Senate in Conference Committee and now awaits Governor DeWine’s signature. Consistent with the direction commenced a few years ago, the Budget includes further reductions in Ohio’s individual income tax rate, which would be reduced to 2.75% in 2026…. Read More
IRS Issues Guidance Simplifying Income Tax Compliance Related to the Employee Retention Credit
April 11, 2025
The IRS recently released new FAQ guidance providing a simplified procedure for addressing income tax amendments and refund claims related to Employee Retention Credit (ERC) determinations. See IRS FAQs. Taxpayers claiming the ERC were required to decrease wage expenses by the ERCs claimed to avoid obtaining a double-benefit—i.e., the employee retention credit and deduction for… Read More
OSBA Sales & Use Tax Subcommittee Highlights Recent Cases – February 2025
March 25, 2025
Click here to view the Sales & Use Tax Subcommittee Report that Steve and Rich presented to the Ohio State Bar Association’s Taxation Law Committee on February 6, 2025. The OSBA Sales/Use Tax Subcommittee Report discusses recent developments regarding exemptions, procedure and legislation. If you have any questions regarding this Subcommittee Report or any Ohio… Read More