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Learn MoreAs we continue to monitor and interpret state responses and guidance related to the COVID-19 pandemic, Hannah Prengler offers additional analysis regarding Ohio’s relief efforts for businesses, including: Ohio House Bill 197, Ohio’s conformity to the CARES Act, Employer opportunities with...
Read MoreOver the past several weeks, there has been a significant shift from working in the office to working from home as businesses and employees comply with "stay at home" orders across the country. However, businesses that have employees teleworking outside the office could be creating a “presence,” or...
Read MoreAs states continue to offer tax return filing, payment deferrals and other assistance measures in light of the COVID-19 pandemic, we take a closer look at Illinois. Learn more about relief efforts identified in other states in which our firm is located in our easy-to-use spreadsheet...
Read MoreIn light of the COVID-19 pandemic, states continue to offer tax return filing and payment deferrals as well as other assistance measures, including employee retention and loan/financial assistance programs. Below highlights Pennsylvania’s efforts. To learn more about relief efforts identified in...
Read MoreIn light of the COVID-19 pandemic, nearly every state is offering tax return filing and payment deferrals. In addition, federal, state and local authorities are offering business and their employees numerous assistance measures, including employee retention and loan/financial assistance programs,...
Read MoreOn Thursday, July 18, 2019, Governor Mike DeWine signed Am. Sub. House Bill 166 into law, which brought to close a longer than expected budgeting process. Below is a summary of the more significant changes that will impact Ohio taxpayers. 1. Individual Income Tax Reductions Ohio income tax has...
Read MoreH.B. 7424, signed by Governor Lamont on June 26, 2019, has made numerous tax law changes for those doing business in Connecticut. Key changes relate to the: Reduction of the pass-through entity tax credit, Extension of the 10% corporate surcharge and phase out of the capital stock...
Read MoreWith the passage of House Bill 3427 on May 16, 2019, Oregon is expected to implement a corporate gross receipts tax — or commercial activity tax (CAT) — that will apply to all individuals doing business in Oregon. Set up to fund education, the program will not affect exempt entities, such as 501(c)...
Read MorePublic Act 101-0009 and several corresponding bills have made numerous tax law changes for individuals and businesses doing business in Illinois. Some of the most impactful changes include: The creation of a tax amnesty program Phase-out of the replacement tax Tax Cuts and Jobs Act (TCJA)...
Read MoreSince the enactment of the Tax Cuts and Jobs Act (TCJA), states have been modifying their tax structures to assist resident individuals who are now subject to a $10,000 cap on deducting state and local taxes at the federal level. The limitation only applies to individuals and does not apply to...
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