Why do business owners like LLCs in Ohio? Ohio has a business-friendly climate with a low tax rate and cost of living. The state is home to thriving healthcare and tech sectors, and big names like Google, Amazon, and Facebook have a presence there. Ohio LLC owners can also benefit fr...
As the end of the year approaches, the IRS has announced its new late repayment penalty rate. The rate has climbed from around 3% two years ago to 8% today. Most workers in the US are W-2 employees and have taxes deducted from their paychecks each pay period. However, if those employe...
NILES, OHIO — MAG Capital Partners LLC has acquired a 410,858-square-foot manufacturing facility in northeast Ohio’s Niles in a sale-leaseback transaction with BRT Extrusions Inc. The purchase price was undisclosed. The tenant, a full-service aluminum extrusion company, serves a wide range of...
For Ohio residents, sales of an equity or ownership interest being taxed as business income will mean that the residents are subject to tax at the more favorable business income tax rate and eligible for the Ohio business income tax deduction (“BID”). The BID...
Ohio does impose a Commercial Activity Tax that most LLCs have to pay either quarterly or annually. If the company’s gross receipts are between $150,000 to $1 million you have to pay at least $150. For businesses that made over $1 million, they have to pay a rate of .26% on the...
I would like to take this opportunity to state what a pleasure it has been to work with Advanced Payroll Solutions. Since I have been with Veatch Mason & Co. we have been through several big name payroll services and Advanced Payroll Solutions, LLC has been the best by far. ...
Podcast: Business Law Update: A Primer on Ohio's Revised LLC Act Are Employees Entitled To Reimbursement for Home Internet and Telephone Expenses During Periods of R... CROWN Act Banning Hairstyle Discrimination Passes in U.S. House of Representatives ...
Taxation. As pass-through entities, LLCs avoid the double taxation of corporations, which pay corporate taxes on earnings followed by the shareholders paying the personal tax rate on their dividends. LLCs offer the flexibility of being taxed multiple ways, but are known for offering the advantage...
” Small businesses in Ohio benefit from low annual fees and taxes. Ohio is one of only four states that does not impose corporate income tax; its personal income tax rate (2.49%) is among the five lowest rates in the nation. In addition, Ohio is the eighth-best state in which to ...
Ohio online sportsbooks launched on Jan. 1, 2023. Get the latest sign-up promo and sportsbook apps to launch in the Buckeye State.