Outlook

Ohio is now one of 29 states providing businesses the opportunity to pay tax at the entity level.

Getting a divorce can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes.

Retailers & other businesses that use LIFO could be hit with an unexpected tax bill if their inventory shrinks significantly due to issues.

Due to the soaring price of gas, the IRS has increased the standard mileage rate for qualified business driving for the 2nd half of the year

With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs.

The year is almost half over. Is your business on track to meet its goals for 2022? Interim financial reporting can help gauge your progress

Every business needs to regularly engage in productive strategic planning. But it’s easier said than done. Let’s take a step back & simplify

You may be surprised to learn that Social Security benefits may be taxed in retirement. Here are the rules.

Exploring financial statement footnotes can be a rewarding endeavor.

If your business has more than one owner, a buy-sell agreement is strongly recommended. Here’s why and how they work.

The most important thing you can do to start developing healthy money habits to keep it simple and get back to the basics.

If the value of your portfolio is down, you may want to turn the stock market downturn into a tax-saving opportunity. How?

In some cases, partners may be taxed on more partnership income than was distributed to them from their partnerships. Here’s why.

The SECURE Act nixed the “stretch IRA” & replaced it with a new 10-year rule on inherited IRAs.

Here’s a refresher on the accounting rules for disclosing and estimating expected losses.

As you factor the effects of inflation into your financials, it’s important to look beyond the income statement.

Here’s a strategy for older taxpayers who are philanthropically inclined and also take distributions from their traditional IRAs.

Use your accountant for more than reporting historical results. Here’s how an accounting professional can help you prepare for the future.

You may have overlooked some tax breaks if you are caring for an elderly relative. Here’s a rundown.

If your business provides HSAs to employees, you know they have many benefits. Here are a few of them, along with amounts for 2023.