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Our carefully crafted blogs offer valuable insights and guidance on taxes, accounting, finance, and beyond. Stay informed with expert advice designed to help you navigate the financial world with confidence. 

Next year taxpayers can put an extra $1,000 into their 401(k) plans. The IRS recently announced that the 2022 contribution limit for 401(k) plans will increase to $20,500. The agency also announced cost of living adjustments that may affect pension plan and other retirement-related savings next year. 
Here are the highlights of changes for 2022:

The Ohio Department of Taxation is lowering the threshold for the electronic filing of W-2 and 1099-R information for calendar year 2021 information (submitted in 2022).  

To help address COVID-related labor shortages, the Internal Revenue Service today reminded employers that they generally will not jeopardize the ta

 
The Ohio Bureau of Workers Compensation will be changing to a new email delivery system in the coming days.
Beginning August 2, 2021, you’ll receive your email notices from GovDelivery. This new email delivery system has a different look and feel than what you’re used to.

 

Marriage changes many things and taxes is one of them. Newlyweds should know how tying the knot can affect their tax situation.