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Our Blog

Ohio Sales Tax Holiday

07 August 2020
Ohio Sales Tax Holiday

Ohio’s back-to-school sales tax holiday is coming soon.


Take advantage of a “stepped-up basis” when you inherit property

06 August 2020
Take advantage of a “stepped-up basis” when you inherit property

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes.


Accounting for cloud computing arrangements

05 August 2020
Accounting for cloud computing arrangements

The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense these setup costs. Updated guidance on accounting for cloud computing costs aims to reduce differences in the accounting treatment for these arrangements. In a nutshell, the changes will spread more of the costs of implementing a cloud computing contract over the contract’s life than under existing guidance.


Businesses: Get ready for the new Form 1099-NEC

03 August 2020
Businesses: Get ready for the new Form 1099-NEC

Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation, to report any payment of $600 or more to a payee.


Asset impairment is expected to hit 2020 financial statements

02 August 2020
Asset impairment is expected to hit 2020 financial statements

Many companies are suffering adverse financial effects during the COVID-19 crisis. Should you test your organization’s assets for possible impairment?