Tax Roundup: Unemployment Tax Rates Announced

• Ohio’s unemployment insurance tax rates will range from 0.3% to 9.8% in 2023, according to this update from the Department of Job and Family Services.
• Ohio Tax Commissioner Jeff McClain announced this week that he is retiring effective Dec. 31.
• With the midterms over, the Tax Foundation has published this outlook for federal tax policy.
• There’s still time for eligible employers to claim the federal Employee Retention Credit on amended payroll returns, according to OMA Connections Partner CliftonLarsonAllen.
• OMA Connections Partner Barnes Dennig has published this chart outlining key provisions of the federal Inflation Reduction Act, including the Advanced Manufacturing Production Credit.
• Kiplinger has summarized the Inflation Reduction Act’s electrical vehicle-related tax credits, including the law’s EV sourcing and manufacturing requirements.
• OMA Connections Partner Plante Moran has published this guidance on using R&D payroll tax credits to maximize savings.

Meanwhile, OMA Connections Partner GBQ Partners has published its recommendations on what to do if your CFO or controller leaves. 12/1/2022