Posted on Tuesday, August 7, 2018 by Ben Dalesandro
Ohio’s municipal income tax reform sought simplicity for Ohio businesses through uniformity. With the enactment of H.B. 49, the state’s centralized filing and administration of municipal net profit taxes through the Ohio Department of Taxation is currently underway.
Posted on Monday, August 6, 2018 by Luke Schmidt and Nick Kosmela
Lease accounting standards for all leases in the U.S. and internationally are set to change in the next few years due to new guidance released by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB).
Posted on Monday, July 30, 2018 by Mary Jo Dolson, CPA
As part of the Tax Cuts and Jobs Act (the Act), a limitation was imposed on the state and local tax (SALT) deduction. According to four states – Connecticut, New Jersey, New York and Maryland – that limitation is unconstitutional.
Posted on Monday, July 30, 2018 by Kyle M. Rohrig, CPA
It’s often assumed that interest rate hikes would significantly impact the real estate and construction industry. But that may not be the case in the immediate future. In fact, recently proposed tariffs may end up playing a larger role in real estate and construction market performance over the next several quarters.
Posted on Tuesday, July 24, 2018 by Sam Eartly
The variables that determine how and when a product is shipped are almost as important as the product itself. However, manufacturers are busier than ever, and your company may find itself falling behind in the rapidly evolving logistics game. In this case, a third-party logistics (3PL) firm could be the right move for your business.
Posted on Monday, July 23, 2018 by Erika Moore, CPA
The Financial Accounting Standards Board has issued a new revenue recognition accounting standard (ASC-606, Revenue from Contracts with Customers). The standard features a new five-step process for recognizing revenue.
Posted on Thursday, July 19, 2018 by Victor Thornburg
Companies that have implemented digital processes and tools, or are in the process of doing so, stand to benefit in big ways. Those that have yet to embrace digitalization, meanwhile, are quickly falling behind.
Posted on Monday, July 16, 2018 by Josh Stein, CPA
One of the little-known provisions of the Tax Cuts and Jobs Act is the introduction of Opportunity Zones. These zones are census tracts in economically distressed communities where new investments may be eligible for preferential tax treatment.
Posted on Tuesday, July 10, 2018 by Mary Jo Dolson, CPA
At a time when many new, complex federal tax laws are still being digested by businesses and individuals alike, it’s nice to know that some things remain the same—all of the states that offered sales tax holidays last year will again offer them in 2018, with the addition of Wisconsin.