Ohio has an aggressive audit program to seek companies doing business in the state. Here’s what you need to know about the Ohio Commercial Activity Tax (CAT).
Ohio Commercial Activity Tax (CAT) Audits
Category: Tax
7 Frequently Asked Questions about Revenue Recognition
Guide Contents: When is the new standard effective? What does… Read more »
Section 199A Rental Real Estate Activity Safe Harbor
The taxation of passthrough income was among the many areas… Read more »
Section 1031 Like-Kind Exchanges under the TCJA
The TCJA didn’t eliminate like-kind exchanges; however, it did eliminate tax-deferred like-kind exchange treatment for exchanges of personal property after December 31, 2017.
What Does the New Qualified Business Income Deduction Mean for You?
To maintain the incentive for individuals to own and operate a pass-through entity, the Act introduced the new Section 199A Qualified Business Income Deduction.
Tennessee Economic Threshold Rules for Sales and Use Tax Will Begin October 1, 2019
Last week, the Tennessee Department of Revenue made a significant… Read more »
4 Steps to Create an Organizational System for Important Documents
Creating an organizational system for important documents will help the… Read more »
State Income Taxes for the Investor – One Size Does Not Fit All
Do you know the state income tax implications of the… Read more »
Revenue Recognition Standards 101
Revenue recognition accounting standards drastically changed for middle market nonpublic businesses, effective January 1, 2019, for those with a calendar year-end. What do we need to do to comply with these changes, and how do we get there? Read the article to find out.
Irrevocable Life Insurance Trusts: Administration Checklist
An Irrevocable Life Insurance Trust (“ILIT”) is a trust that can be used to minimize estate taxes by moving the proceeds of life insurance policies outside of your taxable estate. This article provides a general overview of ILIT funding and administration requirements.