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…

Bob Schiller Discusses Personal Goodwill in Goering Center March Newsletter

Selling a business can be a stressful and life changing event. As a business owner, you have poured your blood, sweat and tears into your organization. When it comes time to sell, getting the greatest value for what you’ve built is critical. That means not only negotiating the best sale price, but also minimizing the…

Employee Payroll Taxes are Set to Increase in 2013

Employee Payroll Taxes are Set to Increase in 2013. For 2011 and 2012, employees have received a break on their wage withholdings.  The Old-Age, Survivors, and Disability Insurance (OASDI) rate – previously 6.2% – was reduced to 4.2% for these two years.  In 2013 the rate is scheduled to go back to 6.2%.

The OASDI, also…

Small Business Lending Starting to Thaw?

As a member of the Hamilton County Development Company SBA Loan Review Committee, I am beginning to see more activity in loan requests, both in new loans and refinances. This is good news for our local Cincinnati economy as the loan activity increases, so too will employment (eventually). The following article addresses this on a…

Jobs Growth Slows in August

The September 7, 2012 Bureau of Labor Statistics is out.  Jobs growth slowed more than expected in August, setting the stage for the Federal Reserve to potentially pump additional money into the sluggish economy next week.  Economists polled by Reuters had expected payrolls to rise 125,000 last month, but some had pushed their forecasts higher…

Analysis: Supremes Uphold Healthcare Reform

On June 28, 2012 the U.S. Supreme Court issued its decision on the Patient Protection and Affordable Care Act (PPACA) and the Health Care and Education Reconciliation Act (HCERA). The court upheld the vast majority of the legislations, including the most critical aspects of law. Key to the court’s approval of President Obama’s signature health…