If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified Employee Pension (SEP) can still be set up for 2018, and you can make contributions to it that you can deduct on your 2018 income tax return. Contribution

Legislation is making its way through the Ohio Statehouse which would make significant changes to Ohio’s generous business income deduction.  After a rare unanimous bipartisan vote in the House Finance Committee, Ohio H.B. 166 passed the full Ohio House on May 9th and is currently under consideration in the state Senate, where it is expected

In the course of operating your business, you probably spend time and money “wining and dining” current or potential customers, vendors and employees. What can you deduct on your tax return for these expenses? The rules changed in 2018 under the Tax Cuts and Jobs Act (TCJA), but you can still claim some valuable write-offs. No