Aug 15, 2022
Inside the Inflation Reduction Act of 2022: Key Provisions That Could Impact Your Taxes
On Friday, Aug. 12, the U.S. House of Representatives voted to pass the Inflation Reduction Act, after being passed by the Senate earlier this month. The bill is much smaller in size than what was proposed under the Build Back Better plan, but still includes some significant tax law changes. The bill includes tax law changes to raise revenue for the government, along with some tax deductions and credit changes. It also includes a provision for $80 billion in additional funding for the IRS.
Jul 11, 2022
Combating Declining Enrollment in Ohio’s Colleges and Universities
Enrollment in America’s colleges and universities fell again in spring 2022. Enrollment declines have persisted since spring 2018 and the declines have only steepened.
Jun 22, 2022
Depreciation Recapture: Paying the Piper When a Depreciated Property is Sold
When a property owner sells an asset that previously was used to offset ordinary income through depreciation, the gain is taxed through depreciation recapture.
Jun 16, 2022
New Audit Standard for Employee Benefit Plans Casts Bright Light on Role of Fiduciary
As a new auditing standard becomes effective this year for most employee benefit plans, individuals charged with managing and administering plans should be aware of their responsibilities as plan fiduciaries.
May 11, 2022
Confronting The National Labor Shortage
We’ve all seen the recent unemployment numbers and heard employment projections from top officials. The struggle to identify, hire, and retain employees at all levels of the organization is very, very real, and it’s causing major issues for businesses. The labor shortage is not isolated to the State of Ohio – it’s happening everywhere and it’s affecting companies across all industries.
May 10, 2022
Lease Accounting Standard: The Time is Now
The multi-year delays in implementation of the new lease accounting standard are over and now it’s go time. This is it, and if your company or nonprofit has not yet started gathering the information necessary to properly report its lease obligations for 2022, there is no more time to waste.
Apr 4, 2022
The Effects of COVID-19 on Government: A Path Forward
In this article, we will examine the issues governments still face and will focus on the opportunities as we look to emerge from the COVID-19 pandemic.
Mar 11, 2022
‘Group of Plan’ Arrangements Offer Cost Savings for 401(k) Sponsors
sponsors are familiar with solutions like multiple employer plans (MEPs) and pooled employer plans (PEPs). But one of the least well-known plans may be the most effective solution for plan sponsors who are looking to cut costs and maintain local service and plan design flexibility – the “group of plans” arrangement.
Feb 4, 2022
Data Security and Backup Options Essential to Selecting the Right Cloud-based Platform
ess is considering new options for cloud services, you are likely looking at Microsoft 365, the cloud-based platform for the ubiquitous Microsoft Office Suite.
Jan 31, 2022
Estate Tax Exemption Will Fall – Now is the Time to Plan
As values of businesses, real estate, and investment portfolios continue to rise, now is the time to develop and implement an estate plan for taxpayers considering the future transfer of wealth.