Local

City tax considerations!

Starting in 2016 the tax code regarding cities had quite an overhaul.   City taxes can be challenging!  Did you know that Ohio is one of few states where cities impose an income tax?   Well, it’s true. RITA (Regional Income Tax Agency) and CCA (Central Collection Agency) are two organizations that handle the city tax filings […]

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She sells sea shells by the seashore

Is it a business or a hobby?  Well, the answer to that makes a big difference when it comes to tax ramifications. So….you are in Florida all winter, basking in the glow of the sun.  You buy yourself a handy dandy metal detector and you spend 2 hours a day scouring that beach looking for […]

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The NEW Ohio flat tax. Wait…. What?

Yep! You heard me correctly.  Ohio has a new flat tax.  Doesn’t affect everyone but it does affect people with Ohio Business income that is over the amount that can be deducted with that handy dandy Ohio Business Credit. What’s the Ohio Business Credit you ask? Well…..let me tell you.  If you have business income […]

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Gas prices are down!

Well, we humans aren’t the only ones that has noticed that gas prices have gone down. According to WKYC.com, average Ohio gas prices have fluctuated quite a bit over the last 72 months, ranging from $4.15 to $1.82 per gallon, with this being a very good time for buying gas.  The IRS has noticed too of course. […]

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EEEKKK!!! HB 5 Changes to Municipal Income Tax…

Just when we thought we all understood the thousands of intricacies of municipal tax code, they go and make changes to it. Anyone who does taxes can tell you that depending on the city where you work and the city where you live, there are different tax rates, tax credits, and so on and so […]

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The Ohio ID Quiz

Yikes!! Did you get a letter from the State of Ohio Department of Taxation saying you are required to confirm your identification?   Confusing, right?  Is it real?   Yep, it is. Ohio is requiring many people to confirm their ID.  You will need to log in to the Ohio Department of Taxation of website. There is […]

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