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Inflated grocery and energy bills are straining household budgets this year. While you can't stop inflation, there are legitimate, proactive steps you may be able to take to lower your federal income tax bill. Here are six midyear tax planning ideas for individuals to consider. But time flies, so don't delay meeting with your tax advisor to set things in motion.

Businesses may purchase life insurance policies on their employees or owners for various operational and estate-planning purposes. Proceeds from these policies may be eligible for favorable tax treatment if certain conditions are met. Do you know the tax rules regarding exclusions from income, notice and consent, and annual reporting? Here's a brief overview.

If there's a silver lining to today's inflation, it's the increase in federal gift and estate tax breaks that the IRS adjusts annually for inflation. Here's an overview of the breaks that are available for 2023 and inflation-adjusted estimates for next year. Beware: Today's favorable unified federal gift and estate tax exemption is scheduled to expire after 2025, unless Congress extends it.

Some taxpayers can look forward to receiving transitional relief from the IRS related to the required beginning dates for taking required minimum distributions from retirement plans.

Ohio will have a sales tax holiday from Friday, August 4, 2023, at 12 a.m. to Sunday, August 6, 2023, at 11:59 p.m.

With a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act.

The Affordable Care Act imposes a little-known new fee on certain employers and health insurance companies. The first payments are due on or before July 31, 2013. Keep reading to learn more about the PCORI fee. What is the PCORI […]

Supervisor Jordan Knapp has been named one of the recipients of the prestigious Twenty under 40! award by the Canton Regional Chamber of Commerce and The Canton Repository. The Twenty under 40! award recognizes Stark County’s leaders under 40 who have demonstrated dynamic leadership and social responsibility. These individuals are committed to making a difference in our community and creating a lasting impact

Nonprofits: Here’s how QuickBooks can help you track your progress toward achieving financial targets for 2023 and beyond.

Many organizations use QuickBooks for everyday accounting tasks. But did you know that this software can also function as a fraud detection tool?

How can you strengthen your manufacturing company’s cash flow?

Business valuation pros understand the characteristics that professional practices share and how to factor these common denominators into their analyses.