Tax Services

Hamilton County, Ohio Accepting SBA Applications Soon

Hamilton County, Ohio announced on Friday, May 8, in a COVID-19 related press conference that it will soon accept applications from small businesses located in the County for grants of up to $10,000. We anticipate more details will appear on the Hamilton County Public Health website as soon as next week. Because the federal funding [...]

By |2020-05-12T16:36:22+00:00May 12th, 2020|Financial, Governments, Tax|Comments Off on Hamilton County, Ohio Accepting SBA Applications Soon

Tax Extension FAQs from the AICPA

The AICPA recently released a two-page FAQ document outlining what it means when your CPA says you need to extend. Download the FAQ below and find out: What does a filing an extension do? Why does my CPA suggest we extend my tax return? Am I more likely to be audited if I extend? What [...]

By |2020-03-06T18:50:16+00:00February 13th, 2020|Tax|Comments Off on Tax Extension FAQs from the AICPA

Eric Ginter Rejoins MMB as a Tax Manager

MMB CPAs & Advisors is excited to welcome Eric Ginter back to our firm in the position of Tax Manager. Eric has worked in tax preparation and planning for over two decades. As with many of our employees, we were sad to see Eric leave; however, we understand life changes. We are extremely happy to [...]

By |2020-09-16T17:18:30+00:00January 2nd, 2020|Events, Financial, Tax|Comments Off on Eric Ginter Rejoins MMB as a Tax Manager

Recent Tax Developments for Business Owners

Partner, John Michel, presented to local business executives and clients of Wells Fargo Advisors a presentation surrounding the recent tax developments. With the TCJA (Tax Cuts and Jobs Act), 2017 Tax Reform, lots of updates are coming to individuals and businesses alike. Here are some of the issues worthy of your attention: What's eligible or [...]

By |2020-03-06T18:50:16+00:00December 10th, 2019|Accounting, Audit, Financial, Tax|Comments Off on Recent Tax Developments for Business Owners

New Relief Procedures Allow Former Citizens to Avoid Covered Expatriate Treatment

The IRS has announced new relief procedures for certain individuals who have relinquished their U.S citizenship but want to come into compliance with their U.S. income tax and reporting obligations and avoid being a "covered expatriate" under Code Sec. 877A. The new "Relief Procedures for Certain Former Citizens" are available only to individuals, not to [...]

By |2020-03-06T18:50:16+00:00November 12th, 2019|Financial, Governments, Tax|Comments Off on New Relief Procedures Allow Former Citizens to Avoid Covered Expatriate Treatment

Year-End Tax Planning Seminar

Our 2019 Tax Planning Seminar will help you get a leg up on what’s happening in tax reform and how it affects your business. THURSDAY, NOVEMBER 7, 2019 8:30 AM – registration / networking; 9:00 AM – 10:30 AM – presentation 4350 Glendale-Milford Road, Blue Ash, Ohio Here are just a few of the topics, [...]

By |2020-03-06T18:50:16+00:00October 28th, 2019|Accounting, Audit, Events, Financial, Tax|Comments Off on Year-End Tax Planning Seminar

Proposed Regulations Provide Guidance on Section 382(h) Built-in Gain and Loss Computation

Proposed regulations would provide guidance on the inclusion of income and deduction items in the calculation of built-in gains and losses under Code Sec. 382(h). The proposed regulations would: simplify the application of Code Sec. 382; provide more certainty to taxpayers in determining built-in gains and losses for Code Sec. 382(h) purposes; and ensure that [...]

By |2020-03-06T18:50:16+00:00October 20th, 2019|Financial, Tax|Comments Off on Proposed Regulations Provide Guidance on Section 382(h) Built-in Gain and Loss Computation

Regulations on 100% Bonus Depreciation Finalized

Final regulations dealing with the 100 percent bonus depreciation allowance for qualified property acquired and placed in service after September 27, 2017, allow property which is constructed under a pre-September 28, 2017 binding contract to qualify for the 100 percent rate. The final regulations adopt proposed regulations ( REG-104397-18) with certain modifications, including a revised [...]

By |2020-03-06T18:50:17+00:00October 20th, 2019|Financial, Tax|Comments Off on Regulations on 100% Bonus Depreciation Finalized

New Tax Withholding Estimator Tool Helps Employees and Self-Employed

The IRS has reminded taxpayers that the new Tax Withholding Estimator tool includes a feature designed to make it simpler for employees who received self-employment income to accurately estimate the right amount of income tax. The estimator tool is featured on the IRS webpage. The Tax Withholding Estimator is an expanded, mobile-friendly online tool that [...]

By |2020-03-06T18:50:17+00:00October 15th, 2019|Financial, Tax|Comments Off on New Tax Withholding Estimator Tool Helps Employees and Self-Employed

Am I Having Enough Tax Withheld?

If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. If you receive an income tax refund, it essentially means that you provided the IRS with an interest-free loan during the year. By comparison, if you owe taxes when you file your return, you may [...]

By |2020-03-06T18:50:17+00:00October 4th, 2019|Financial, Tax|Comments Off on Am I Having Enough Tax Withheld?