The GBQ Manufacturing Minute is intended to provide insight and identify growth and development-oriented topics, trends and emerging issues for companies within the manufacturing and distribution industries.
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The GBQ Manufacturing Minute is intended to provide insight and identify growth and development-oriented topics, trends and emerging issues for companies within the manufacturing and distribution industries.

2017 Tax Reform

On December 20, 2017, the House of Representatives passed the final version H.R. 1, the Tax Cuts and Jobs Act. This comes after the United States Senate passed the same bill early the same morning. The bill now heads to President Trump’s desk, where he is expected to sign it. Due to procedural matters, it is currently unclear whether or not he will sign it before December 31st

Please click here for an overview of how H.R. 1 compares to current law and here for a discussion about how GAAP financial statement reporting will be impacted.

Make New Year’s Resolutions To Improve Profitability

After the bottles have been popped and confetti swept from the floor, business owners will face a new year of challenges. Start thinking now about how to strengthen your company’s bottom line.

Ohio Tax Amnesty Program to Begin on January 1, 2018

In June 2017 Governor John R. Kasich signed House Bill 49 into law. Among other provisions, the bill calls for a tax amnesty program to be conducted from January 1, 2018 to February 15, 2018.

The Ohio Department of Taxation (“ODT”) recently issued additional guidance on the program in the form of several different publications. Complete details of the amnesty can be found at http://www.ohiotaxamnesty.gov/. Click here for a summary of the program.

Happy Holiday From Your Friends At GBQ!

The GBQ team wishes you and yours a wonderful holiday season and a successful year ahead. To give associates the opportunity to relax and enjoy the holiday with family and friends, GBQ will close Friday, December 22nd and Monday, December 25th. Click here to view our 2017 holiday card.

OUR TEAM:

Jim Bechtel, CPA, CGMA
Assurance Director
jbechtel@gbq.com
614.947.5208

Ben Forquer, CPA, CGMA
Assurance Director
bforquer@gbq.com
614.947.5239

Mike Kozlowski, CPA
Assurance Director
mkozlowski@gbq.com
614.947.5256

Tim Schlotterer, CPA
Tax Director
tschlotterer@gbq.com
614.947.5296

Chris Dean, CPA
Tax Director
cdean@gbq.com
614.947.5232

Matt Stamp, JD, LLM
State & Local Tax Director
mstamp@gbq.com
614.947.5302

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