Residential Land Developers and the Completed Contract Method of Accounting

Under IRC Section 460(e), taxpayers that have large home construction contracts could defer taxable income until 95% of estimated costs have been incurred. ... read more >

Employer's Guide to the ACA Reporting Requirements: Affordable Care Act Whitepaper Now Available

Schneider Downs has released a detailed whitepaper, Employer’s Guide to the New ACA Reporting Standards. This whitepaper was developed to provide ... read more >

FAST Act - Highway Funding is in Place for the Next Five Years

On December 4, 2015 President Obama signed the “Fixing America’s Surface Transportation Act” which was recently passed by the Senate ... read more >

IRS Increases De Minimis Safe Harbor Threshold

Tax

By Gary Sliman

The IRS issued Notice 2015-82 on November 24, 2015, stating that taxpayers without an applicable financial statement can elect to deduct purchases of tangible ... read more >

Cheers! The BEER & BREW Acts of 2015 May Lower Excise Taxes on Beer

Tax

By Tom Schneider

Two pieces of legislation are currently circulating in Congress regarding the Excise Tax on beer produced in the United States: The Fair Brewers Excise ... read more >

Recap of Current Trends in Real Estate Transactions

Real Estate|Tax

By Ryan Broze

November 13, 2015 – It was a perfect morning for a hearty breakfast of eggs, bacon, home fries and an old fashion cup of Joe. This wasn’t the ... read more >

Ohio Personal Income Tax Residency Update

In the past year, there have been two Ohio residency developments that are of importance. Back in December 2014, Ohio House Bill 494 was signed into law, ... read more >

Affordable Care Act Reporting for Union Employees

Many employers are preparing themselves for their upcoming filing responsibilities under the Affordable Care Act (ACA). One area that has caused some uncertainty ... read more >