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Business owners in Ohio should be aware that the annual exclusion amount for Commercial Activity Tax (CAT) will increase beginning on January 1, 2025. The amount will double from $3 million to $6 million.

The Q4 2024 CAT returns are still required to be filed by February 10, 2025.  Taxpayers with anticipated taxable gross receipts of $6 million or less for the calendar year 2025 will no longer be required to pay CAT.  You can cancel the account several ways, but the easiest way is to check the cancellation box when filing the return for Q4 2024.

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Intuit QuickBooks continues to share reminders about upcoming changes regarding their desktop products. The final date to purchase QuickBooks Desktop products is fast approaching.

After September 30, 2024, Intuit will no longer sell new subscriptions of the following Desktop products in the US:

QuickBooks Desktop Pro Plus

QuickBooks Desktop Premier Plus

QuickBooks Desktop Mac Plus

QuickBooks Desktop Enhanced Payroll

Existing subscribers of Desktop Pro Plus, Premier Plus, Mac Plus and Enhanced Payroll will have the ability to renew their subscriptions after the September deadline. It is important to note,…

For business owners and entrepreneurs, choosing the right accounting method is a decision not to be taken lightly. Here, we take a look at these methods, helping you make informed decisions that align with your business goals. From the basics of each method to their benefits, drawbacks, and real-world applications, you're about to become well-versed in the financial strategies that can shape your business's success.

The Basics of Cash Accounting

What is Cash Accounting?

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