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Accounting and financial news
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Riders Unite!

by Judd Ballard

This past Saturday was my first Pelotonia experience.  Originally planning to show up on a 15 year-old Huffy, I clearly had no idea what I was getting myself into.  I think it is safe to say I was a little out of my element, and as the big day approached, my biggest concern was not […]

Posted in GBQ News & Culture | Comments »

Is IC-DISC for you?

by Tim Schlotterer

Are a U.S. taxpayer that exports goods and certain services to locations outside the United States? If so, you should consider setting up an Interest Charge Domestic International Sales Corporation (IC-DISC). What is the Benefit? A permanent tax savings (up to a 20%) for qualifying U.S. exports. Increased liquidity for the shareholders or business. Ability […]

Posted in Audit & Tax Talk | Comments »

A case of the “I told you so’s” (you were right Mom!)

by Rebekah Smith

In June, I attended NACVA’s National Conference, where on Saturday, NACVA ran its Litigation Bootcamp for Financial Experts program which culminates in a live Jury Trial. The participants are afforded the opportunity to watch both the expert testimony and then the jury’s live deliberation. Interestingly the observations I take away from these mock trials are […]

Posted in Case In Point | Comments »

Why the Recent Budget/Deficit Talks and U.S. Downgrade are a Good Thing

by Wade Kozich

A couple weeks ago, I blogged about the ongoing debates in Washington over the deficit and budget. I had hoped that our representatives in Washington would put politics aside and make the right decisions. Like many of you, I have been glued to these discussions and articles on the recent U.S. downgrade. And also like […]

Posted in GBQ Exchange | Comments »

Gift Tax Returns Targeted by IRS

by Darci Congrove

The IRS has begun to focus on transfers of real estate between related parties without adequate consideration.  At least twelve states have provided the IRS with data on related-party transfers.  As of this time, Ohio is not one of those states, but Ohio residents should still take note of the trend.  The rate of noncompliance […]

Posted in Audit & Tax Talk | Comments »

Let the Cost Cutting Begin: Ohio Department of Taxation Not Mailing Out Personal Income Tax Packets

by Judd Ballard

In an effort to continue cutting unnecessary expenses from the state budget, the Ohio Department of Taxation is furthering its cut on who receives a tax booklet for State of Ohio personal income tax filings.  In 2011, only those taxpayers who filed their 2010 return by paper received a tax booklet in the mail.  The […]

Posted in Audit & Tax Talk | Comments »

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