Tax Archives - Page 6 of 30 - HW&Co. CPAs and Advisors

2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

By: David M. Reape

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may […]

It’s Important to Understand How Taxes Factor into an M&A Transaction

By: David M. Reape

In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring another business, it’s important to understand how the […]

Sept. 15 Estimated Tax Payment Deadline

The Internal Revenue Service issued a press release reminding taxpayers who pay estimated taxes that the third quarter payment deadline is September 15, 2023. Taxpayers who are not required to […]

Update on Depreciating Business Assets

By: David M. Reape

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments […]

Divorcing Business Owners Should Pay Attention to Tax Consequences

By: David M. Reape

If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership […]

Education Assistance Programs Can Help Pay Workers’ Student Loans

The Internal Revenue Service issued a news release reminding employers and employees that employers with educational assistance programs can use them to help employees pay the principal and interest on qualified student loans, […]

House Bill 33 Amends the Commercial Activity Tax (CAT)

The newly enacted House Bill 33 amends Ohio’s Commercial Activity Tax (CAT) exemption amounts. Though still awaiting official guidance from the Ohio Department of Taxation (ODT), the Ohio Society of […]

Guaranteeing a Loan to Your Corporation? There May Be Tax Implications

By: Ed Decker

Let’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as a guarantor, endorser or indemnitor of a debt obligation of […]

Maximum 2023 Educator Expenditure Deduction is $300

It’s a new school year, and the IRS is reminding teachers and other educators that they can deduct up to $300 in out-of-pocket classroom expenses for the fiscal year when […]

Planning Ahead for 2024: Should Your 401(k) Help Employees With Emergencies?

By: Mary Eileen Vitale CPA CFP AEP

The SECURE 2.0 law, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that eligible employers will soon be able to provide […]

Taxpayers: Be Aware of Scammers Posing as the IRS

Criminals are constantly searching for novel ways to deceive innocent taxpayers. Scammers can mimic the IRS via phone or email, in person, or by mail or delivery service, wasting people’s time and money. Taxpayers can […]

Receive More Than $10,000 in Cash at Your Business? Here’s What You Must Do

By: David M. Reape

Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and not just on your tax […]

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