Ohio companies exported greater than $52 billion worth of goods to 216 countries and territories in 2014. The Ohio Development Services Agency (ODSA) offers many programs that create competitive advantages for Ohio businesses in the global marketplace. The exporting assistance programs offer numerous resources including export counseling and education, market
The deadline to file the necessary form to claim the Work Opportunity Tax Credit (WOTC) for calendar year 2015 has been extended to June 29, 2016. In December 2015, the WOTC was retroactively renewed by the Protecting Americans from Tax Hikes Act of 2015 for employees hired through December 31,
As the construction industry continues to navigate our volatile economy, construction and contracting companies continue to be focused on finding and retaining the best talent. Whether it’s general contracting, commercial construction or residential construction, it’s essential to have hardworking employees that add tangible value and drive growth and expansion.
Contractors who aren’t aware of the complexities of inter-state sales tax rules can wind up on the hook for sales tax payments they collected from their customers but remitted to the wrong state. Going back four or more years and being assessed for sales tax that was originally the customer’s
The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) 2016-02 Leases, intended to improve financial reporting about leasing transactions. The ASU will affect all companies and other organizations that lease assets such as real estate, airplanes, and equipment. If you need more help than this article provides,
Last week, President Obama released his 2017 Federal budget proposals. The Treasury Department released its “Greenbook” in conjunction with the proposed budget. The Greenbook provides a summary of the current tax provisions and proposed changes under the budget. It should be noted that many of the proposals included in the