Vince Nardone: Tax and Controversy

Public Law 86-272 in the Aftermath of South Dakota v. Wayfair

The Interstate Income Act of 1959, 15 U.S.C. § 381, Pub. L. 86-272 (“Public Law 86-272”) prohibits states from imposing a net income tax on income derived from interstate commerce if the interstate business’s only business activity within the state... Read more →

An Ounce of Prevention: Keeping Up with Physicians’ and Dentists’ Use Tax Obligations

State and local taxing authorities are stepping up their enforcement of medical and dental professionals’ use tax obligations. Medical and dental practices that do not properly report and pay applicable use taxes—or keep proper records of payment—risk sales and use... Read more →

Good Habits for Business Owners as We Begin 2022 “Avoid the IRS”

As a business advisor, tax attorney, and consultant that works with closely-held businesses, including doctors and dentists, as well as other high-income earning individuals, we are always thinking about the idea of continuous improvement. So, recognizing that it is the... Read more →

Capital Gain Rates and Increase in Marginal Tax Rates Will Impact Our Doctors, Dentists, and Other Closely-Held Business Owners, if It Is up to Biden?

As a business advisor and tax planning attorney that works with closely-held businesses, including doctors, dentists, and other high-income earning individuals, I am receiving many questions about Biden’s tax proposals, including capital gains rates. I wanted to provide you an... Read more →

IRS Provides Additional Guidance on Employee Retention Credit

As a business and tax attorney that routinely works with individuals and owners of closely-held businesses, we try to continuously stay on top of current trends and events, including those coming from the IRS. On January 26, 2021, the IRS... Read more →

Vince Nardone Discusses Ethics in Tax Practice at The Ohio Society of CPAs MEGA Tax Conference

On Tuesday, December 15, 2020, Vince Nardone discussed ethics in Ohio tax practice at The Ohio Society of CPAs MEGA Tax Conference. During his session, “Ethics in Tax Practice: Ohio,” Vince tackled the numerous considerations for having an ethics discussion... Read more →

IRS Rules on Deductibility of Qualifying Expenses Related to the Paycheck Protection Program (PPP)

Everyone, I just worked with one of our associates in my firm to issue a client alert on our firms’ website. The IRS recently ruled that if a business reasonably believes that a PPP loan will be forgiven in the... Read more →

United States Senate Finance Committee Finds Syndicated Conservation Easements to be Nothing More than Abusive Tax Shelters

The Senate Finance Committee recently concluded that certain syndicated conservation easements examined by the committee are nothing more than abusive tax shelters. As a tax attorney and business advisor, I work with many different clients and closely-held businesses. As part... Read more →

Payroll Protection Program (PPP) – SBA Guidance on Payroll Costs and Rents

As a business advisor and attorney that works with healthcare professionals, and other closely-held businesses, including home offices, we are working closely to stay on top of the Small Business Association’s (SBA) rules and regulations on the Paycheck Protection Program,... Read more →

IRS Issues Frequently Asked Questions Regarding Credits Related to the Families First Coronavirus Response Act – Very Helpful!

As tax attorneys and business professionals in Columbus, Ohio, we assist our business owners in many aspects of their business and tax planning, as well as with the impact of legislation on business income and cash flow. The unprecedented COVID-19... Read more →