Federal DOL Reinstates Longstanding Independent Contractor Test
The U.S. Department of Labor (DOL) has published a final rule for independent contractor classification
under the federal Fair Labor Standards Act (FLSA). Beginning on March 11, 2024, the rule will effectively
reinstate the longstanding version of the “economic reality” test the DOL previously used.
BOI Information Reporting FAQ’s
These Frequently Asked Questions are explanatory only and do not supplement or modify any obligations imposed by statute or regulation. Please refer to the Beneficial Ownership Information Reporting Rule, available at www.fincen.gov/boi, for details on specific provisions.
RMD Relief
Did you take a RMD between January 1, 2023 and July 31, 2023? Did you not need the funds? IRS Notice 2023-24 applies to you. You can roll these funds back into your retirement account by September 30, 2023.
Changes to Ohio CAT Tax Exclusion and Annual Minimum Tax Effective January 1, 2024 for Ohio Businesses
The purpose of this information release is to provide guidance to commercial activity tax (“CAT”) taxpayers following the recent enactment of Am. Sub. H.B. 33 of the 135th Ohio General Assembly.
ERC Eligibility Checklist
This checklist can help you quickly decide if a business or other organization may qualify for the Employee Retention Credit. This is a very technical area of the law, but this checklist includes the main eligibility factors. Answer these questions in numerical order to see if you may be eligible to claim the ERC.
IRS Direct Pay
Use this secure service to pay your taxes for Form 1040 series, estimated taxes or other associated forms directly from your checking or savings account at no cost to you.
Updated Covid-19 Government Stimulus Information
The 2020 law will provide roughly $2 trillion in much-needed financial relief to individuals, businesses, not-for-profit organizations, and state and local governments during the coronavirus (COVID-19) pandemic.
