Tax Tip of the Week | No. 290 | Ohio Logged Record New Business Filings in 2014

Tax Tip of the Week | Feb 18, 2015 | No. 290 | Ohio Logged Record New Business Filings in 2014A recent article from the Ohio Society of CPAs....

For the fifth year running, the Buckeye State has seen a record number of new entities filing to do business in the state, according to Ohio Secretary of State Jon Husted.Last year, 93,775 new businesses filed with the Secretary of State. These numbers surpassed 2013 figures, in which 89,735 filed."Ohio continues to be a place where companies want to be located because we are focused on providing quality customer service that understands the needs of business," Husted said. "By working to roll out the red carpet and cut the red tape, we are helping improve the state's business climate, and that means a stronger economy and more jobs."As part of the overall record number of filings for last year, December 2014 saw 7,441 new entities file to do business, which surpassed the 6,941 filings from December 2013.The steady growth among new businesses is a boom to the economy and for Ohio families."As more companies start up, they increase the potential for more, good-paying jobs," Husted said. "That means families all across the state will not only be able to put a roof over their head, clothes on their back and food on the table, but also have a sense of accomplishment and dignity that they are moving forward."A major step in strengthening Ohio’s business climate was approving meaningful municipal income tax reform, an issue OSCPA has long advocated for on behalf of our members.You can contact us in Dayton at 937-436-3133 and in Xenia at 937-372-3504.  Or visit our website.Rick Prewitt - the guy behind TTW...until next week.