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Portrait Of High School Student Group Wearing Uniform Standing Outside School Buildings

Good News Regarding Ohio's 529 Plan and Taxes

In late 2017, the U.S. Congress passed the federal Tax Cuts and Jobs Act (TCJA). Some months later, the Ohio legislature passed, and the governor signed into law, S.B. 22, which incorporated into Ohio income tax law some of the changes in federal tax… Read More
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Categories: Tax Law
Money is locked with chain

Why You Don't Need to Be Afraid of Irrevocable Trusts in Estate Tax and Asset Protection Planning

You probably know that trusts can be a great tool for avoiding probate, minimizing estate tax, and protecting assets. What you may not know is which type of trust is best for your purposes. In this blog post, we’ll take a look at irrevocable gr… Read More
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Couple Doing Taxes Who Qualify for Ohio Small Business Deduction

The Ohio Small Business Deduction

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
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Categories: Business Law, Tax Law
Woman With Paintings Considering Tax Deductions for Donating Art

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

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
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Tax Time Mug

Understanding the Qualified Business Income Deduction

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
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Categories: Business Law, Tax Law
Charitable Donation Jar with Coins

How the TCJA Impacts Charitable Giving

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
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Business Tax File Folders

Corporate Tax Rate Changes and Choice of Business Entity

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
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Categories: Business Law, Tax Law
Piggy Bank and Coins Representing Estate Tax Exemption Savings

Temporary Increase in Estate Tax Exemption (and Portability)

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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Categories: Estate Planning, Tax Law
Nest Eggs: IRA, Roth, 401k written in gold on eggs

Elimination of Roth Conversion Recharacterization

For individuals saving for retirement, one of the things that makes a Roth IRA attractive is that the account is created and funded with post-tax dollars. This means the account owner need not pay income tax on funds when they are withdrawn in retire… Read More
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Categories: Retirement, Tax Law
Individual Income Tax Bra…

Individual Income Tax Brackets Change

You have no doubt heard a lot about the recently-enacted tax reform, and may be wondering what that means for your tax bracket. While tax reform has changed much about how we will pay taxes, one detail has not changed: there are still seven tax brack… Read More
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Categories: Tax Law

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I was introduced to Ted earlier this year by a mutual acquaintance and have had the opportunity to work with him since. Ted takes a comprehensive approach to working with his clients and does not leave any stone unturned. The team that he has assembl… Read More
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