Visit our page dedicated to providing resources that will help you better understand Beneficial Ownership Information (BOI) requirements and how you can most efficiently comply.
Learn MoreRecent trends in the cryptocurrency marketplace have indicated an increased interest in activities connected with Proof of Stake (PoS) cryptocurrencies, whether used with the intent of receiving regular income from PoS rewards or engaging in other income generating activities in a decentralized...
Read MoreAre you trying to determine whether your company has impairment concerns as a result of the pandemic or due to the economic environment in general? If so, did you know you might have to look at more than just the goodwill on your books, including looking at your non-financial assets — in the right...
Read MoreThis blog was updated 2/17/21 It has been over 50 years since the Securities and Exchange Commission (SEC) comprehensively addressed valuation rules with respect to the fair value of investments held by registered funds. On Thursday, December 3, 2020, the SEC finalized the new Rule 2a-5 under the...
Read MoreOhio investors will soon have another opportunity to apply for Ohio Opportunity Zone Tax Credits. The program has $23 million available in tax credit allocation for its 2021 application round and opens January 8, 2021, at 10 a.m. through January 31, 2021, until 11:59 p.m. Similar to the federal...
Read MoreOrganizations embark on change continuously, whether by choice or by necessity. However, if not managed effectively, change efforts can cause severe disruption at best, and fail at worst. One key to organizational change is stakeholder management. Too often, change efforts fall prey to lack of...
Read MorePass-through forms of business such as S Corporations and partnerships offer certain domestic tax benefits — namely, the avoidance of double taxation and the ability to claim the 20% deduction under IRC Code Section 199A. However, the global intangible low-taxed income (GILTI) provisions of the Tax...
Read MoreNavigating the Paycheck Protection Program (PPP) eligibility and forgiveness has proven to be complicated. Frequently changing and sometimes unclear direction creates challenges even for owners of smaller, single entity companies. These complexities increase exponentially in the context of an M&A...
Read MoreNobody enjoys having to deal with debt covenant issues, but, particularly in times like these, they can be common and can have significant accounting consequences. Due to the economic hardships caused by the pandemic, many companies may find themselves in violation of one or more of their bank...
Read MoreAfter months of speculation about whether expenses related to Paycheck Protection Program (PPP) loans would be tax deductible in 2020, if in fact forgiveness is not approved until 2021, the IRS has provided an answer. In April, Notice 2020-32 put the IRS’ position on deductibility of expenses...
Read MoreOn Thursday November 5, 2020, the Ohio Supreme Court upheld House Bill 49, which created a centralized collection system for Ohio local business income tax. Over 100 Ohio taxing jurisdictions, including Athens, Akron and Elyria, recently challenged the state’s centralized collection agency, which...
Read More