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The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.
Ohio ranks as the No. 1 state to start a small business in thanks to tax rate, minimum wage, and lower utility bills, according to study.
According to the Small Business & Entrepreneurship Council, Ohio's top personal income tax rate ranks #25 as of 2014. [229] The rate has been steadily declining since the 2005 tax reform, dropping from $11,506.20 + 7.5% of excess over $200,000 in 2004 to $8,671.63 + 5.421% of excess over $208,500 in 2013. [ 230 ]
The Ohio Tax Credit Authority on Monday approved state tax incentives for Risk International for the job, which will create $4.5 million in new payroll. The company will retain 77 workers as part ...
A limited liability company ( LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [ 1 ] An LLC is not a corporation under the laws of every state; it is a legal form of a ...
The project received approval for state tax incentives at Monday's Ohio Tax Credit Authority. It was one of four projects to be approved at the meeting. The projects will create 781 jobs statewide.
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