Monthly Archives: July 2014

Reminder: Ohio Quarterly CAT Return Filing Deadline is Monday, August 11, 2014

The Ohio Quarterly CAT Return filing deadline is Monday, August 11, 2014.  The commercial activity tax (CAT) is an annual tax imposed on Ohio business entities and certain out of state businesses for the privilege of doing business in Ohio. … Continue reading

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INCREASE IN THE OHIO SMALL BUSINESS INVESTOR DEDUCTION CAN MEAN MAJOR TAX SAVINGS FOR THOSE DOING BUSINESS IN OHIO

On June 16, 2014 Governor John Kasich signed into law H.B. 483, a bill with several tax provisions. One provision of the bill increases Ohio’s new (2013 was the first year the deduction existed) small business investor income deduction from … Continue reading

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IRS Makes Applying for 501(c)(3) Tax-Exempt Status Easier

The Internal Revenue Service (IRS) currently recognizes more than one million 501(c)(3) organizations and has more than 60,000 501(c)(3) applications pending. On July 1, 2014, the IRS introduced a new, streamlined application form to help small charities more easily apply … Continue reading

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IRS Imposes Direct Deposit Limits

Effective January 2015, the IRS will be limiting the number of electronically deposited refunds into a single financial account or a pre-paid debit card to three, in an effort to control fraud and identity theft. All subsequent refunds will be … Continue reading

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