Tax & Financial Planning Section

Hear the latest on local, state and national tax changes covering a variety of sectors. Keep up with the ever-changing tax laws and stay current on trending topics.

Latest News:

  • Nov 10, 2023

    Ohio Department of Taxation sends some notices in error

    The Ohio Department of Taxation (ODT) has mailed Verification of Income – Missing Ohio IT1040 letters to some taxpayers in error.
  • Nov 10, 2023

    October revenues come in nearly $163 million over estimates

    The Office of Budget and Management reported Monday that the state’s October revenues came in $162.6 million or 7.2% over estimates for the month with a total of $2.4 billion collected.
  • Nov 02, 2023

    Tax fundamentals CPAs should know

    Thanks to the internet, there is no shortage of tax advice videos available. But there’s a difference between an entertaining video and comprehensive advice.
  • Oct 27, 2023

    Reminder: Changes are coming soon to Ohio's Commercial Activity Tax

    As a result of the recent passage of Am. Sub. H.B. 33 of the 135th Ohio General Assembly, beginning in 2024, businesses with taxable gross receipts of $3 million or less and, for tax periods beginning in 2025 and thereafter, businesses with taxable gross receipts of $6 million or less will no longer be subject to the CAT.
  • Oct 13, 2023

    Tax revenues on target for September

    Better than expected collections in non-auto sales tax offset small dips in other sources to yield tax collections slightly above expectations in September, according to preliminary data from the Office of Budget and Management.
  • Oct 13, 2023

    How to claim Ohio’s resident tax credit for the SALT cap deduction from other states

    Last year, Senate Bill 246 (134th GA) authorized pass-through entity owners to “elect” to file a new form IT 4738 and be subject to a new entity-level tax in response to the federal $10,000 SALT deduction cap limit placed on individuals.

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