The Ohio BWC Approves $1 Billion Rebate

The Ohio Bureau of Workers’ Compensation (BWC) has approved the distribution of $1 billion in cash rebates to 210,000 Ohio employers. The BWC board approved a 2.1% average reduction in base rates for private employers that will account for an aggregate savings of $29 million for the policy period July 1, 2013 through June 20, 2014. The…

2013 First Quarter Federal Tax Developments

April 15 has come and gone but it’s not time to stop thinking about taxes and strategic tax planning opportunities. Since the start of 2013, there have been many new federal tax developments which will impact tax planning for this year and beyond. As 2013 unfolds, many changes made to the Tax Code by the…

Silver Lining to Tax Cloud Hovering over Small Business Values

Tax changes kicking in for 2013 have deflated small business values, but there are more transactions as buyers hope to get a good price, according to a new study from BizBuySell, the online business-for-sale marketplace.

Brokers surveyed say they are currently seeing an increase in the number of deals being completed, compared to the same…

Kentucky Enacts Tax Amnesty Program for 2012 – 2013

Kentucky recently enacted legislation (H.B. 499) that authorizes the Department of Revenue to conduct a tax amnesty program during fiscal year 2012-2013.  The Amnesty Program will run for a period of not less than 60 days and not more than 120 days at some point during Kentucky’s fiscal year beginning July 1, 2012 and ending…

Our Team Discusses Working at Cassady Schiller

Cassady Schiller is always looking for great people to share in our success. In addition to a generous compensation and benefits package, a career development program tailored to your individual needs and an exciting and rewarding professional experience, you get to work with a great team dedicated to helping clients and colleagues succeed.

Our clients…

Depreciation changes in tax law are coming

For the past several years taxpayers have received a gift from Congress in the form of accelerated depreciation.  In 2011 as well as part of 2010, taxpayers could write off the entire cost of fixed asset purchases through “bonus” depreciation as long as the taxpayer was the original user of these assets.  In addition, many…

IRS Makes it Easier to Deduct Real Estate Activity Losses

Under recently released IRS Revenue Procedure 2011-34, real estate professionals can now more easily make late elections to treat all interests in rental real estate as a single rental real estate activity. What does this mean to you? The election can help you retroactively meet material participation requirements and deduct losses, potentially generating an income…

401k Sponsors: Avoid Mistakes with Timely Deposits

In any qualified retirement plan, money comes in and money goes out. And an area that garners Department of Labor (DOL) attention is what’s known as timely deposits. The DOL actively enforces timely deposits of elective deferral contributions. To avoid problems, here’s what you need to know.

What are the requirements?

Generally, plans appoint a…