2012 will be here before we know it. Now is the perfect time to bring all of your business advisors together for a year-end financial check up. (more…)
Archive for the ‘Business Advice’ Category
Is Your Business Ready for a Year-End Check-Up?
Monday, December 12th, 2011Got GAAP? Private Companies Asked to Comment on National Financial Reporting Standards
Tuesday, December 6th, 2011Private companies have a once in a lifetime opportunity to express their concerns to standards setters that private company financial reporting is far different from publicly traded ones – and as a result financial reporting standards should be created and governed by an independent private company board. (more…)
Are You Ready for the Next Phase of InvestOhio?
Wednesday, November 30th, 2011Recently we’ve been telling you about Ohio’s new nonrefundable tax credit program called InvestOhio. Through it, Ohio taxpayers who invest in qualifying Ohio small businesses can qualify for a 10 percent credit against their personal Ohio income tax if they meet certain requirements. In less than two weeks, taxpayers can begin the second step in the application process for this tax credit. (more…)
Ready for a Walk Through Ohio’s Use Tax Amnesty Process?
Monday, November 28th, 2011If you owe use tax, you currently have an opportunity to save thousands of dollars in use tax, interest and penalties thanks to Ohio’s use tax amnesty program. The program is one of the most taxpayer-friendly programs ever enacted by the State of Ohio. (more…)
Need Help Understanding Employee Healthcare Benefit Reporting on W-2s?
Tuesday, November 22nd, 2011The IRS recently held a webinar to explain its reporting requirements for healthcare coverage on employees’ W2’s for the 2011 tax year. We’ve provided a summary of the webinar below for those of you who missed it. (more…)
Guarantor Requirementsfor Ohio Use Tax Payment Plan Changed
Thursday, November 17th, 2011The requirements for participating in the State of Ohio’s use tax amnesty program’s payment program just got a little easier. (more…)
Are You Ready for the InvestOhio Tax Credit? Register for Tax Credit This Week
Tuesday, November 15th, 2011Ohio taxpayers who invest in a qualifying Ohio small business can qualify for a 10 percent credit against their Ohio income tax if they meet certain requirements – and they can now apply for the credit. (more…)
Are You Secure? Cyber Security Targets Employee Benefit Accounts
Thursday, November 3rd, 2011In July 2011, federal solutions group RSA’s Anti-Fraud Command Center detected more than 25,000 phishing attacks, the most recorded in a one-month period. A part of the reason: Employees are increasingly being deceived into providing personal information through their employee benefit accounts. (more…)
Going, Gone? Tax Provisions that Could End in 2012
Monday, October 24th, 2011Late in the year last year, Congress extended several tax law provisions but only for a short period of time. Below are items that may expire at the end of this year if no action is taken by Congress. (more…)
Do You Understand Michigan’s Business Tax Changes?
Wednesday, October 19th, 2011We recently reported that Michigan is changing their tax structure effective January 1, 2012. In a nutshell, Michigan is replacing the Michigan Business Tax (MBT) with a Corporate Income Tax (CIT). Changes coming with the new CIT include a 6 percent tax imposed on C corporations only, making Michigan’s corporate income tax rate the lowest in the Midwest. (more…)
