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When CNBC named Ohio the No. 1 state for business in 2026, it confirmed something many manufacturers across the state have experienced for years: Ohio is one of the best places in the country to build, grow and sustain a […]

If you operate your small business as a sole proprietorship or a single-member limited liability company (LLC) treated as a sole proprietorship for tax purposes, paying close attention to the individual federal income tax regime is critical. The same holds […]

IRS Warns of CP53E Scams Confusion about IRS CP53E notices is growing — and scammers are taking advantage. CP53E is an official IRS notice related to tax refunds and bank account information. As the IRS shifts from paper checks to […]

For 2026, the federal gift and estate tax exemption is $15 million. That's effectively $30 million for a married couple, assuming both spouses' exemptions are available. (For 2027 and beyond, the exemption will be adjusted annually for inflation.) If the […]

Differences in owners’ voting rights can impact the value of a business interest — but not always. A business valuation professional must thoughtfully evaluate ownership rights and restrictions to arrive at a reliable value conclusion. Here’s how the pros factor […]

Financial statements are essential tools for evaluating performance, planning for growth and managing risk. Yet many business owners, board members, donors and investors don’t have formal accounting training. Presenting financial information in a clear, approachable way can help stakeholders better […]

For manufacturers, strong cash flow management is essential to maintaining stability and supporting long-term growth in an increasingly competitive and unpredictable market. Rising material costs, supply chain disruptions, labor shortages and fluctuating customer demand can quickly strain working capital and […]

With tax season in the rearview mirror, many individuals and business owners wonder how long they should hold on to tax-related records — and what can safely be discarded. Different types of documents have different retention recommendations and requirements, and […]

Tax laws and regulations continue to evolve. Stay ahead of the latest developments affecting your business, and contact the tax experts at Hall Kistler if you have questions about how these updates may impact your operations. Fertility Benefits Could Expand […]

A Roth option is now almost universally offered by 401(k) plans, according to the Plan Sponsor Council of America's 68th annual survey, which covers the 2024 plan year. If you participate in your employer's 401(k) and have access to this […]

Is Your Child's Financial Aid Taxable? If you're currently evaluating financial aid awards for your college-bound child, it's important to understand what types of assistance are taxable. In general, free-money scholarships, fellowships, grants and tuition "discounts" are nontaxable. However, they […]

Under the One Big Beautiful Bill Act (OBBBA), eligible businesses can claim 100% first-year depreciation for nonresidential real estate that's classified as qualified production property (QPP). This provision can accelerate depreciation deductions and potentially reduce tax obligations for businesses that […]