Insights

The One Big Beautiful Bill Act (OBBBA) passed earlier this year brought significant changes to the tax landscape, and now the IRS has released the 2026 inflation adjustments that build on these reforms. These aren't just routine inflation adjustments – the OBBBA enhanced several key provisions beyond typical cost-of-living increases, creating new opportunities and considerations for tax planning.

Every year, Ohio businesses are required to file an Unclaimed Funds Report with the Ohio Division of Unclaimed Funds. Even if your business has nothing to report—no uncashed checks, unpaid vendor credits, or dormant customer balances—you still need to file what's called a Negative Report by November 1, 2025.

Under a federal modernization directive, the government is phasing out most paper checks for federal disbursements effective September 30, 2025. That means whether you're sending a payment or receiving a refund, electronic options aren't just convenient anymore—they'll be the default.

The IRS recently announced a mid-year change to the mailing addresses for individual estimated tax payments (Form 1040-ES). Because the change came mid-year, the addresses printed on your 2025 Form 1040-ES vouchers are no longer correct.

The OBBBA introduces major tax changes, some starting in 2025, including elimination of the Pease limitation, increased SALT deduction caps to $40,000 through 2029, new charitable contribution floors, and temporary deductions for tips, overtime pay, and car loan interest. These complex changes require careful tax planning analysis.

Starting a business is exciting, but choosing the correct taxing entity structure can feel overwhelming. The decision you make can impact your tax obligations for years to come, so let's break down the tax pros and cons of each option to help you make an informed choice.

Signed on July 4, 2025, the OBBBA refreshes dozens of TCJA breaks, adds fresh deductions for workers and seniors, and reshapes credits like SALT, child care, and adoption. Our quick guide helps you spot the savings.

Discover effective tax-saving strategies hidden within your employer-provided benefits. From HSAs to retirement contributions, optimizing these everyday choices can significantly lower your taxable income and support long-term financial health. Join us to explore how simple adjustments can lead to less financial stress.

Ohio's newly signed $60 billion budget introduces significant tax changes, including a phased-in 2.75% flat income tax and maintained 3% business income tax. We are monitoring legislative developments to help keep you informed. At N&Co, we are available to provide year-round guidance to keep you compliant in Ohio’s ever-evolving tax landscape.