Over the past few years due to certain amendments to it, the Section 179 federal tax deduction has become a highly useful federal tax deduction available to businesses allowing them to accelerate the deduction acquisition costs of certain business assets. In fact, as a result of amendments beginning in 2008, Section 179 has been one...
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Reminder: Leases of Three Years and Longer Must be Signed and Notarized In Ohio
Ohio landlords and tenants often forget to comply with the legal requirements regarding multiple year leases. The Ohio Statute of Conveyances requires that all leases of three years or longer be both signed and notarized to be valid. The statute does, however, exempt leases not exceeding three years from these requirements. In other words, if...
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Ohio Supreme Court says “Yes you can!” – but should you? Court upholds ability of a salaried employee to execute tax complaints on behalf of a corporation.
In Marysville Exempted Village Local School Dist. Bd. of Edn. v. Union Cty. Bd. of Revision, 2013-Ohio-3077, the Ohio Supreme Court upheld the ability of a salaried employee of a corporation to fill out and execute a complaint against the valuation of real property (a “tax complaint”) on behalf of the corporation. The...
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