Archive for March, 2011

Should I Pay Taxes Now or Later for My Roth IRA?

Wednesday, March 30th, 2011

If you took advantage of last year’s law change allowing you to convert your IRA to a Roth IRA, you face a big all-or-nothing tax payment decision on April 18: pay the taxes on your pretax contributions and gains in 2010, or split the tax bill between 2011 and 2012. (more…)

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Why Should I Enter An Ohio Use Tax VDA Now?

Tuesday, March 29th, 2011

If your company doesn’t currently pay Ohio use tax, you will soon.

The Ohio Department of Taxation is stepping up its use tax enforcement. The department is conducting a use tax education program (UTEP) and will begin notifying businesses about their use tax liability this summer.

Note: Ohio has established a tax amnesty program since this post was originally created. Please click here for the most recent information.

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Doing Your Own Payroll? Deadline to Reimburse Social Security Overwithholding Nears

Friday, March 25th, 2011

If your company does its own payroll, make sure you have reimbursed any 2011 Social Security taxes that may have been overwithheld to your employees by March 31. (more…)

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What Does Ohio Use Tax Mean to You? Learn More in this Webinar

Tuesday, March 22nd, 2011

Ohio’s Department of Taxation is getting serious about its enforcement of the state’s use tax law – and the longer you wait to comply, the more it will cost you.

Note: Ohio has established a tax amnesty program since this post was originally created. Please click here for the most recent information.

(more…)

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Worried about Ohio Use Tax? If Not, You Should Be

Thursday, March 17th, 2011

Ohio’s Department of Taxation is getting serious about its enforcement of the state’s use tax law. Use tax is a tax that wasn’t paid, but should have been, on taxable property or servicesyour business purchased. It most often occurs when a business purchases goods in-state, out-of-state or over the Internet, and the retailer does not collect Ohio sales tax.

Note: Ohio has established a tax amnesty program since this post was originally created. Please click here for the most recent information.

(more…)

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