Visit our new Inflation Reduction Act Resource Center to find answers to your questions about this landmark clean energy legislation.
Learn MoreIt’s always important for companies to keep abreast of the revolving door of changes to state and local tax compliance. It’s critical not only to ensure they are keeping up and avoiding penalties, but also looking for any potential opportunities. Our recent webinar offered a multi-state income...
Read MoreUPDATED 2/29/24 On December 22, 2023, New York’s governor signed Senate Bill 995B/Assembly Bill 3484A, enacting the New York LLC Transparency Act (NYLTA). The NYLTA is modeled after the beneficial ownership information (BOI) reporting requirements under the Federal Corporate Transparency Act...
Read MoreNow is arguably an exciting time for businesses and their owners. Flexibility and innovation offer endless possibilities. But that excitement also comes with its challenges — from finding the right talent, to understanding evolving tax laws for employees who may sit in a completely different state,...
Read MoreOn June 14, 2022, Ohio Governor Mike DeWine signed Senate Bill 246 (S.B. 246) into law, giving businesses in the state potential relief from the federal tax burden created by the Tax Cuts and Jobs Act’s (TCJA) $10,000 cap on state and local tax deductions. Under this new legislation: Ohio...
Read MoreCohen & Company congratulates Kim Palmer and Hannah Prengler on their recent, prestigious American Institute of CPAs (AICPA) appointments.
Read MoreAs the pandemic drags on, employees continue to split their time between the office and home — leaving many questions for employers and employees related to city income tax withholding. Below takes a look at the reality Ohio municipalities have faced over the past two years and where those in the...
Read MoreAs a part of our series aimed at helping you navigate the impact of sales and use tax on your business, periodically we will focus on the impact of these taxes on specific industries, beginning with a high-level look at construction. Construction contractors face many complexities when navigating...
Read MoreIn this first installment of our series aimed toward helping you navigate the impact of sales and use tax on your business, we start with a fundamental element: understanding the difference between and implications of sales and use tax. Sales and use taxes are transactional based and impact...
Read MoreOn Thursday, July 1, 2021, Governor Mike DeWine signed Am. Sub. House Bill 110 (HB 110) into law. Namely, the budget: Provides 2021 municipal income tax guidance to employers and remote workers; Exempts employment labor services and employment placement services from sales tax; Reduces...
Read MoreNew Jersey is launching a compliance initiative that will allow members of combined filing groups who owe New Jersey state tax from periods prior to 2019 to voluntarily come forward with reduced consequences. If non-filers participate in the program — running June 15, 2021, through October 15, 2021...
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