Employee Retention Credit Voluntary Disclosure Program
On December 21, 2023, the IRS announced a new program for taxpayers who want to pay back money they received
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Feb 20, 2024
Related-Party Loans and Advances: Considerations for Operations and Reporting in the Healthcare Industry
Related-party financing and advances to and from affiliates are commonplace in the health care industry, especially within the skilled
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Feb 20, 2024
Ohio Pass-Through Entity Tax
Starting in 2022, many states came out with a Pass-Through Entity Tax. A pass-through entity tax is an entity-level
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Feb 20, 2024
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
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Jan 22, 2024
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
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Jan 22, 2024
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
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Jan 22, 2024
2024 Ohio Commercial Activity Tax (CAT) Changes
Ohio's Commercial Activity Tax (CAT) changed significantly effective January 1, 2024, and
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Jan 22, 2024
Corporate Transparency Act
One of the biggest legislative changes affecting small business in 2024 and future years is the Corporate Transparency Act (CTA).
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Dec 22, 2023
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
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Dec 22, 2023
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
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Dec 22, 2023
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
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Dec 22, 2023
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
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Dec 21, 2023