Insights
Insight and analysis from the Pease Bell team — on tax, audit, accounting, and the industries we serve.
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The State House Always Wins: Sports Gambling Treatment in Ohio
With the first year of legalized sports gambling in Ohio in the books, many Ohioans may face higher-than-expected tax bills because of their sports…
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Business Combinations: The Acquisition Method Under U.S. GAAP
Businesses enter into acquisitions for a multitude of reasons. For example, a company may be looking to grow, expand product offerings, or open distribution…
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After the Hollywood Strike: Production Accounting Impact
2023 saw the longest strike for SAG-AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists), beginning July 14 and ending November…
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2024 Ohio Commercial Activity Tax (CAT) Changes
IMPORTANT CHANGES TO OHIO’S COMMERCIAL ACTIVITY TAX: Ohio’s Commercial Activity Tax (CAT) changed significantly effective January 1, 2024, and requires due diligence for future…
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Unveiling the Dark Side: How Bad Actors Harness the Power of AI
Artificial Intelligence (AI), with its transformative potential, has become a double-edged sword, empowering both positive advancements and, unfortunately, nefarious activities by bad actors. As…
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Stock or Asset Purchase: Which is Right for You?
When determining the type of transaction, factors such as tax implications and potential liabilities are the foremost considerations. An asset sale involves acquiring specific…
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Form 5500 Schedule H: Fewer Plans will Require Audits Starting in 2023
While it is not common for regulatory compliance requirements to lessen over time, in February 2023, the Internal Revenue Service (IRS) and U.S. Department…
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Corporate Transparency Act
One of the biggest legislative changes affecting small business in 2024 and future years is the Corporate Transparency Act (CTA). Here is a list…
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Can I Deduct Tax Loss?
When individual taxpayers have losses from flow through entities, the key question is whether or not the individual will have the ability to deduct…