Ohio Governor Kasich’s Tax Reform Proposal Introduced - Many Businesses to See a Tax Increase

This week, the Ohio House of Representatives introduced the new biennial budget bill, House Bill 64. The bill contains the language for Governor Kasich’s Blueprint for a New Ohio, which includes major tax law changes which decrease taxes for some and increase taxes for others. The budget proposal also increases general revenue spending by 18% over FY2015. The tax proposal would reduce the income tax burden of individuals and small business owners, while increasing the tax burden of many medium and most large businesses, especially C corporations. CLICK HERE FOR FULL BUZZ CLICK HERE TO ACCESS THE ZHF EIGHT STEP ESTIMATED BUSINESS TAX IMPACT TOOL

Ohio Department of Taxation's Audit Division to Contact All Direct Payment Permit Holders!

The Ohio Department of Taxation's Audit Division (Department) has started a program to contact all direct payment permit holders (permit holder) in an effort to help increase overall sales and use tax compliance. A permit holder is a company that has been granted the authority by the Department to make purchases without paying sales tax to its vendors, but must remit use tax directly to the Department. CLICK HERE FOR FULL BUZZ

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