Tax Act Rules That Will Impact 2017 Tax Returns

President Trump recently signed into law the Tax Cuts and Jobs Act (“the Act”), most of which becomes effective for the 2018 tax year. Certain ... read more >

Annual Oil and Gas Update Sheds Light on Current State of the Industry

The oil and gas industry in the United States has been somewhat depressed of late, with a decline in the number of active rigs from the record highs of ... read more >

Employee Withholding Changes in the New Year

Shortly after the tax bill was signed by President Trump, the Internal Revenue Service (“IRS”) issued a statement on December 26, 2017 indicating ... read more >

IRS Issues Notice for Computing "Transition Tax"

On December 29, the Internal Revenue Service (IRS) and Treasury Department published Notice 2018-07 (Notice), providing guidance for computing the “transition ... read more >

IF YOU SEE A SPECTRE, DON'T HAVE A MELTDOWN!

Dan Desko contributed to this article. At Schneider Downs, many of our clients have been reaching out and asking for advice on how to deal with the recently ... read more >

Pennsylvania Decouples from Federal Bonus Depreciation

In response to the recently enacted federal Tax Cuts and Jobs Act of 2017 (“The Act”), the Pennsylvania Department of Revenue (“Department”) ... read more >

Tax Reform Changes to Charitable Deduction

As promised, the House-Senate Conference Committee on the Tax Cuts and Jobs Act has preserved the deduction for charitable contributions. The new law actually ... read more >

Ohio's Unified Filing Systems for Businesses

As efforts are made across the country to simplify tax laws, the state of Ohio has taken the first major step to streamline local tax filings. Between ... read more >