Brady Ware News

IRS Updates Countries With Nonresident Alien Interest Reporting Requirements

IRS Updates Lists of Countries With Nonresident Alien Interest Reporting Requirements In a recent revenue procedure, the IRS updated two lists of countries with which the United States has agreements that require payers to report certain deposit interest paid to nonresident alien individuals who are residents of the other country. One list is of countries…

Read More

Tax Reform Affects Divorce Settlements for Small Business Owners

How Tax Reform Affects Divorce Settlements for Small Business Owners How does the Tax Cuts and Jobs Act (TCJA) affect divorce settlements? Changes in the new law may require divorcing individuals — especially those who own businesses and other investments — to take a different approach to splitting assets and setting maintenance payments than under…

Read More

Are Individual Health Plans the Future?

Is a New Individual Health Plan in Your Future? First the old news: Under the Affordable Care Act (ACA), employers with at least 50 employees (or full-time equivalents) are required to provide health benefits and pay for a good portion of the cost. And many smaller employers that aren’t required to offer health coverage do…

Read More

New Overtime Pay Rules Finalized for 2020

New Overtime Pay Rules Finalized for 2020 The U.S. Department of Labor (DOL) has issued the long-anticipated final version of its overtime eligibility rules. The changes will take effect on January 1, 2020. As a result, the DOL estimates that 1.3 million workers will be newly eligible for overtime pay. Are any of them on…

Read More

Ohio State and Local Tax Updates September 2019

Church’s request for partial tax exemption denied September 25, 2019 A church used the first floor of a residential building for office space, Bible study and outreach dinners. The second and third floors were the pastor’s residence. An office and a guest prayer room were on the fourth floor. The church sought a partial tax…

Read More

Scroll Up