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Tax Reform

Statewide Tax Incentive Rewards Ohio Businesses

May 7th, 2008, 1 Comment

Ohio's recently reformed tax initiative assists young businesses, especially startups, in providing them with extra capital to further enhance their services or products—even expand staff. The reformed initiative nourishes Ohio's businesses, but also supports outside entrepreneurs looking to call Ohio home.

I recently spoke with A.J. Hyland, president and CEO of Hyland Software Inc., about how Ohio's current tax initiative is helping small businesses to become sustainable and competitive in their respective markets.

TRUE OR FALSE: In Ohio, the first $1 million in gross receipts for companies are tax-free.

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