Ohio’s sales tax holiday for August 2026 will run from 12:00 a.m. Friday, August 7, 2026, through 11:59 p.m. Sunday, August 9, 2026. For 2026, Ohio has returned to its standard three-day back-to-school holiday. During this period, qualifying purchases are exempt from Ohio sales tax only if they fall within the following categories and per-item […]

We wanted to make you aware of a recent IRS announcement that may affect your business recordkeeping and reimbursement practices. The IRS issued Announcement 2026-11, raising the optional standard mileage rates effective July 1, 2026. The updated rates are as follows: Business mileage: 76 cents per mile (72.5 cents per mile 1/1–6/30/2026) Medical and moving […]

A budget built only for normal conditions can create false confidence. One lost customer, supplier price increase, cyberattack or interest-rate spike can expose weaknesses that were invisible on paper. Stress testing forces those risks into the numbers before they become emergencies. Some background Stress testing gained widespread attention in the banking industry following the 2008 […]

By the time most taxpayers think about year-end planning, many of the easiest moves are already gone. A midyear review gives you time to manage taxable income, time deductions and address investment gains or losses before deadlines and market conditions narrow your options. Your tax bracket The legislation commonly known as the One Big Beautiful […]

Your accounting method determines when income becomes taxable and when expenses become deductible. Larger entities generally must use the accrual method, but qualifying small businesses may have a choice. Treating that choice as a bookkeeping preference can be expensive because it affects taxes, cash flow and administrative burden. Does your business qualify for the cash […]

From launching a start-up, entering new markets, developing a new product or pursuing a business acquisition, attracting investors takes more than a strong idea. Investors want to see a compelling opportunity supported by solid financials and a realistic growth plan. One of the most effective ways to communicate all of this is with a digital […]

When introduced last year, the new tax deduction for taxpayers 65 and older was often described as “no tax on Social Security.” In actuality, this up-to-$6,000-per-individual deduction, also known as the “senior” deduction, is generally available whether or not someone receives Social Security benefits. But other limits do apply, such as an income-based phaseout. Of […]

Before launching, start-ups must decide what type of legal entity best fits their business activities. The type of entity you select affects how the business is taxed and who may be held personally liable for its debts and obligations, among other things. Two popular options — assuming you’re going into business with one or more […]

Leadership transitions are inevitable for every business. Whether a key employee retires, pursues a new opportunity, or is unexpectedly unable to continue in their role, it is crucial for the business to maintain continuity. One of the most effective ways to prepare is by building “bench strength” – which occurs by developing a pipeline of […]

For many homeowners, rising property values have made selling a home more profitable than ever. However, a large gain can also have tax implications. Depending on factors such as the amount of your gain, how long you’ve owned and lived in the home, and your income level, you may owe capital gains tax and, in […]