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Upcoming Events

January 25 & 26, 2022 : 31st Annual Ohio Business Tax Conference

OSBA Sales & Use Tax Subcommittee Highlights Recent Cases  

February 17, 2023

Click here to view the Sales & Use Tax Subcommittee Report that Steve and Rich presented to the Ohio State Bar Association’s Taxation Law Committee on February 15, 2023. The OSBA Sales/Use Tax Subcommittee Report discusses recent developments regarding exemptions, procedure and legislation. If you have any questions regarding this Subcommittee Report or any Ohio sales… Read More

Employee Retention Credits – Supporting eligibility becomes crucial amidst aggressive promotion of ERC claims as Internal Revenue Service targets enforcement.

February 9, 2023

The employee retention credit (ERC) can be a tremendous boon for eligible employers to claim substantial cash refunds for keeping their employees on the payroll during the COVID-19 pandemic. To qualify, the employer must have experienced: (1) a significant reduction in gross receipts compared to the same quarter in 2019; or (2) a partial suspension… Read More

Ohio Commercial Activity Tax: NASCAR laps the field as Ohio Supreme Court rules broadcast and media revenue is not subject to Ohio tax.

December 6, 2022

The Ohio Supreme Court has ruled that NASCAR’s broadcast, media, licensing, and sponsorship revenue is not subject to Ohio’s Commercial Activity Tax (“CAT”). Ohio’s CAT statute situses gross receipts from intellectual property to Ohio only “to the extent” they are “based on the right to use the property” in Ohio. R.C. 5751.033(F) (emphasis added). The… Read More

Ohio Income Tax – Ohio Clarifies when Sales of Business qualify for Favorable Business Income Treatment

August 23, 2022

Ohio has finally given taxpayers long-awaited clarity on the tax treatment for sales of business.  H.B. 515 specifically addresses two situations when gains from the sale of an equity or ownership interest qualify as “business income” for Ohio income tax purposes. R.C. 5747.01(B). The sale of an equity or ownership interest of a business is… Read More