The State of Ohio just announced a sales tax holiday on August 5, 6 and 7th 2016. The holiday is geared to the start of school in the fall and will exempt from sales tax:
- Clothing priced at $75 or less, this is a per item limit not an aggregate purchase limit.
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In a recent CPA Insider newsletter, Patricia Annino, JD, wrote a nice article entitled Key questions to ask the family business owner who plans to sell. Ms. Annino is a nationally recognized attorney with Prince Lobel Tye LLP and an authority in estate planning and taxation. She did an excellent job coaching CPAs to address timing, structure, personal impact of a sale, continuing employment, required earnings after the sale, what benefits will need to replace, finding purchasers, valuing the business and getting the business’ legal affairs in order.… Read more >