Tax Roundup: Ohio Gets Low Mark for Sales Taxes

• The Tax Foundation ranks Ohio among the worst 15 states for sales tax burden and complexity. (See the sales tax rates in all 88 counties.)
• Bricker Graydon LLC, the OMA’s general counsel, has published this “cheat sheet” on the Inflation Reduction Act’s manufacturing product credit, which supports development of renewable energy technology and energy storage.
• OMA Connections Partner Clark Schaefer Hackett has published this infographic to help businesses decide whether to outsource their sales tax compliance, as well as this sales tax compliance guide for businesses selling in multiple states.
• Employers can use their educational assistance programs to help pay employee student loans, according to the IRS’ small-business guidance.
• OMA Connections Partner Plante Moran has posted this on-demand webinar regarding tax and accounting issues related to hiring outside the U.S.

Members should note that the next OMA Tax and Finance Committee meeting is June 15. Register here. 5/18/2023