Tax Reform Update for Businesses – Senate Initial Markup

The Senate has come out with its version of the 2017 Tax Reform Act. This version has some similar provisions to the House bill and some are very different. As we mentioned upon issuing the House summary last week, if a provision is in both the House bill and the Senate bill, the likelihood of passage

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Disaster Tax Relief Law Creates Employee Retention Tax Credit

Disaster tax relief law creates employee retention tax credit for certain employers affected by Hurricanes Harvey, Irma or Maria. BDO released an alert on the new disaster relief law signed on September 29, 2017 for those affected by Hurricanes Harvey, Irma or Maria. Read below if you were affected by the recent storms. Summary Certain

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Tax Reform Update – International

The first step in Tax Reform was announced late last week. This is just a starting point in the process. There are some significant changes ahead but the initial changes announced are far from being finalized. The House Ways and Means committee is currently marking up the initial bill that is summarized below. The Senate

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Tax Reform Update for Individuals

The first step in Tax Reform was announced late last week. This is just a starting point in the process. There are some significant changes ahead but the initial changes announced are far from being finalized. The House Ways and Means committee is currently marking up the initial bill that is summarized below. The Senate

Read more »

Tax Reform Update for Businesses

The first step in Tax Reform was announced late last week. This is just a starting point in the process. There are some significant changes ahead but the initial changes announced are far from being finalized. The House Ways and Means committee is currently marking up the initial bill that is summarized below. The Senate

Read more »

Centralized Administration Of Ohio Municipal Net Profit Tax To Begin January 1, 2018

Ohio business taxpayers can now sign up for a new and convenient tax filing service electing to file a centralized return for all Ohio municipalities in which they have an Ohio municipal net profit tax filing obligation. Centralized filing is available for tax years beginning on or after January 1, 2018. The Election Although filing

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Early Filing Deadlines For Forms W-2 And 1099-MISC

In 2016, the IRS implemented an earlier filing deadline for forms W-2 and 1099, which was two months earlier than the former electronic filing date of March 31. For 2017, the filing deadline for forms W-2 and 1099-MISC will be January 31, 2018. The deadline for providing W-2 forms to employees and 1099-MISC forms to other

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Retirement and Healthcare Plan Limit Update for 2018

Below is a summary of the 2018 compared to 2017 limits regarding a variety of retirement and healthcare limitations imposed by the IRS. There are no significant changes in the dollar amounts for 2018, but some have changed. Every dollar contributed to one of the plans below is a pre-tax approach to enhance a taxpayers’

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Online Marketplace Seller Voluntary Disclosure Initiative Has Been Extended Through November 1

Do you participate in the Fulfillment by Amazon (FBA) process?  If so, you may have uncollected / unpaid sales tax liabilities. If you  have inventory sitting in an Amazon warehouse waiting to be shipped, then you have sales tax nexus in that warehouse jurisdiction.  Many amateur on line sellers do not know the hidden sales

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State and Local Tax Update – November

Indiana Offers Guidance on Opening and Closing a Business The Indiana Department of Revenue (DOR) recently offered guidance on “How to Open and Close a Business” with the state.  Specific guidelines included: Determining when registration with the DOR is required, Links to the Secretary of State’s INBiz website and topics of interest to new business

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