Insights

This credit is a great option for taxpayers who wish to contribute to funding primary and secondary education. For every dollar contributed up to the $750 limit, Ohio will refund the amount of the donation.

Employers across the county continue to be flooded with solicitations in the form of emails, cold calls, and articles promising large Employee Retention Tax Credit (ERC) refunds.

To reiterate what we wrote last month, what investors think is next from the Fed has been the driving force for both the bond and stock markets. Most of the same themes remain in play: the Fed signals a slowdown, jobs remain strong, medium- to longer-term bond yields have fallen, and inflation is slowing.

The Inflation Reduction Act of 2022 (“IRA 2022”) modified the current tax credits for electric and fuel cell vehicles and created new tax credits for used and commercial clean vehicles.

We are frequently asked by entrepreneurs and small business owners what business expenses are tax deductible. In general, an expense is deductible if it is related to a trade or business, it is ordinary and necessary, and it is paid or incurred in carrying on a trade or business.

What is Sequence Risk? Are there new opportunities?

On August 24th, 2022, President Biden announced a Student Loan Forgiveness Plan through executive order. This newsletter is meant to provide information that is currently available on this student loan forgiveness and helpful details to determine if you qualify.

Building the path for financial success can be stressful, especially if your family is young. You may be getting married, buying a new home, or deciding to have children. All of these are wonderful and joyous changes, but they can cause questions and uncertainty. There are ways to navigate through these changes, without having to take on additional stress and truly enjoy the time you have while your family is young.

Roth Individual Retirement Accounts (Roth IRAs) are an important planning and tax savings tool. If annual income is high enough to prevent Roth IRA contributions, a backdoor Roth IRA conversion can allow taxpayers to benefit from the tax advantages of a Roth IRA.

We can all agree that life looks a little different in a post-COVID world. Even though many of us were already using electronic payments pre-COVID, there is an increased focus toward contactless payment options from several retailers.