Blog

What is a STABLE Account for Disabled Beneficiaries?

January 31st, 2019
If you have a loved one with a disability, you are aware of the unique financial issues that go along with planning for the well-being of someone with special needs. On one hand, many people with special needs or a disability are unable to become sel… Read More

The Ohio Small Business Deduction

December 12th, 2018
Many Ohio taxpayers each year fail to take advantage of a tax deduction that could save them thousands of dollars. Some may not be aware that they qualify for the deduction. Some who are aware of it may think the filing requirements are too cumbersom… Read More

Estate Planning When Your Beneficiary is an Addict

November 28th, 2018
Estate planning should always take into account not only the wealth to be transferred from one generation to another, but the unique issues of each family for whom a plan is being created. Unfortunately, those issues may increasingly include the dile… Read More

What You Need to Know About Tax Deductions for Donating Art and Personal Property

November 16th, 2018
If you are a lover of art or other fine collectibles, you probably want your collections to go to someone who will appreciate them as you do. You may also want to use your valuable collections to benefit a charitable organization that is important to… Read More

Medicaid Treatment of Retirement Plans

November 9th, 2018
As you are no doubt aware, nursing home costs in Ohio are high, and continue to rise. Even those families that have saved diligently for retirement often cannot afford to pay for an extended stay in a nursing home or long-term care facility. You may… Read More

Why Do I Need an Estate Plan if My Estate isn't Taxable?

October 26th, 2018
Historically, one of the reasons for creating an estate plan was to avoid one’s heirs being saddled with burdensome estate tax. For those whose estates are subject to estate tax, this is still an important motivator for estate planning. However… Read More

Understanding the Qualified Business Income Deduction

October 17th, 2018
The Tax Cuts and Jobs Act (TCJA) has made some significant changes to the Tax Code, one of which is the implementation of the qualified business income (QBI) deduction. This deduction is found in Section 199A of the Tax Code. Although one goal of the… Read More

How the TCJA Impacts Charitable Giving

October 2nd, 2018
The Tax Cuts and Jobs Act (TCJA) is the most sweeping tax reform in decades. When it took effect on January 1, 2018, it changed many things we have come to take for granted about taxes and tax deductions in this country. One of those is the relations… Read More

Corporate Tax Rate Changes and Choice of Business Entity

August 10th, 2018
Choosing a business entity — whether a C corporation, S corporation, partnership, limited liability company, or sole proprietorship — is one of the first, and most important choices you will make for your business. The Tax Cuts and Jobs Act (TCJA… Read More

Temporary Increase in Estate Tax Exemption (and Portability)

July 27th, 2018
On January 1, 2018, the Tax Cuts and Jobs Act (TCJA) took effect in the United States. The most sweeping tax reform in decades, the TCJA has affected the tax burden of both businesses and individuals, often in a favorable way. One such impact is the… Read More
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