Changes to Ohio Small Business Deduction and Personal Income Tax Rates
Article by ‘Lizabeth DiSiena Starting with the 2015 tax year, favorable changes have been made to income taxes on sole proprietorships and pass-through entities. On June 30, 2015, Ohio Governor John Kasich signed into law
Extension means businesses can take bonus depreciation on their 2015 returns – but should they?
Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Protecting Americans fr//www.peasebell.com/?p=2521&preview=trueom Tax Hikes Act of 2015 (the PATH Act) extended 50%
Why investing in small-business stock may make more tax sense than ever
By purchasing stock in certain small businesses, you can not only diversify your portfolio but also enjoy preferential tax treatment. And under a provision of the tax extenders act signed into law this past December
Prepare for major changes to federal rules on employee pay and benefits
One of your most dreaded tasks is probably managing human resources (HR). The rules are ever-changing and becoming increasingly complex. Here are two major developments related to the federal rules governing employee pay and benefits
Accounts receivable management- How manufacturers can bridge the cash gap
Accounts receivable is often one of the biggest assets on a manufacturer’s balance sheet. But the faster you’re able to convert receivables to cash, the sooner you’re able to pay suppliers, employees and lenders —
Does your business have a valid buy-sell agreement in place?
Owners of manufacturing and distribution companies are often so focused on the here and now that planning for future catastrophes may fall through the cracks, especially if the owners are young and healthy. But operating
Could you save more by deducting state and local sales taxes?
For the last several years, taxpayers have been allowed to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes. This break can be valuable to those
Extended Tax Credits for Businesses
The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) extended a wide variety of tax breaks, in some cases making them permanent. Extended breaks include many tax credits — which are particularly valuable
CFO Services Team Tax Planning Seminar
The Pease & Associates CFO Services Team will host a Tax Planning for Small Business seminar on Wednesday, January 13th. The presentation will be held at Startmart, an innovative entrepreneurial hub located on the second
Pease, CPAs merges with Proper & Associates
Effective January 4, 2016, Proper & Associates (Proper), a Beachwood-based CPA and management consulting firm, has merged with Pease & Associates (Pease), one of Cleveland’s leading accounting and business advisory firms. Bill Proper will join
Establishing Your Succession & Estate Planning Goals
Like many business owners, you probably have much of your wealth tied up in your company. And this fact may be creating a conflict between the desire to transfer ownership to the next generation and
No changes to retirement plan contributions for 2016
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, the limits remain unchanged for 2016: Type of limit 2016 limit Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans $18,000 Contributions
