Manufacturing

Three Percent Withholding and Job Creation Act

On December 6th, 2011, by Brian Stautberg

President Obama Signs Act Eliminating Three Percent Withholding Requirement and Enhancing Incentives for Hiring Veterans On November 21, 2011, President Obama signed the Three Percent Withholding and Job Creation Act (Act) into law. The law repeals a requirement that 3 percent of payments be withheld by federal or state governments to any person for services..

InvestOhio Credit Brings Opportunity

On November 18th, 2011, by Brian Stautberg

New program provides significant tax credits for qualified business investments The state of Ohio announced this week that registration for the InvestOhio tax credit program will begin Monday, November 14 at 8 a.m. Only $100 million in credits will be awarded for the period of July 1, 2011 – June 30, 2013 and they will..

Get an Early Start on Planning

On October 12th, 2011, by Gwen DiMeo

As we rapidly approach the end of the year, it is impossible to over emphasize the importance of tax planning. Taxpayers are always looking for savings opportunities during March and April, but many opportunities for tax reduction rely on planning and strategy throughout the year. With the year already more than half over, time is..

Time to Revisit General Business Credits

On January 15th, 2011, by Mike Hawkins

In the fall of 2010 Congress radically changed the way that general business credits can be applied for small businesses. General business credits include the research and development tax credit, the work opportunity credit, the low-income housing credit and many others. In recent years many companies and individuals that qualified for credits were unable to utilize them due to the..

Tax Relief, Unemployment Insurance Reauthorization & Jobs Creation Act of 2010 Extends Bonus Depreciation

On November 8th, 2010, by Mike Hawkins

Bonus depreciation is a tool Congress has utilized off and on for the past 10 years as a way to spur short-term investment. The 2010 Tax Relief/Jobs Creation Act extended the bonus depreciation provision which had expired on January 1, 2011. This move provides taxpayers with the ability to take a 100% first-year depreciation deduction..