Over the past year, changing rules and shifting guidance became the new normal as the government unleashed a flurry of changes during the COVID pandemic.  The employee retention credit is one such area with changes.  At first if a business participated in the Paycheck...

Recently, Ohio House Bill 110 was signed into law. We have reviewed the different provisions in the new law, and we have created a summary of notable provisions in the law. Read more in our summary here.

Each year, the IRS releases a list of scams called the "Dirty Dozen" with a warning for taxpayers, tax professionals and financial institutions to be on the lookout for these 12 nefarious schemes and scams. Read more about what to be watching for in this article from...

Certain businesses in Ohio have another opportunity to receive grant funds for pandemic-related impacts on their business. The Ohio Development Services Agency has 4 grants for different industries, and applications for the grants opened Tuesday June 29, 2021. To see...

In our last web post, we discussed the Advance Child Tax Credit Payments the IRS is planning to send to eligible taxpayers monthly beginning July 15th. We would like to expand on the information sent previously, as we have received additional information. Advance...

The American Rescue Plan (ARP), which was signed into law in March 2021, increased the Child Tax Credit (CTC) amount which was previously $2,000 per child to $3,600 per child for those under 6 and $3,000 per child for those age 6-17. The ARP also established that...

The IRS has released some information a few tax topics that we wanted to share with you: According to a recent IRS Fact Sheet, "The American Rescue Plan Act of 2021 (ARP) allows small and midsize employers, and certain governmental employers, to claim refundable tax...

The Small Business Administration has some updates on 2 programs that are in place to help certain businesses weather the affects of the COVID pandemic. The Shuttered Venue Operators Grant (SVOG) program opened for applications on Monday April 26, 2021. This grant is...

April 15th Deadline Postponement Details The IRS has provided additional details regarding the April 15th tax deadline postponement. Read a summary from the AICPA here.   PPP Extension Passes Also the House and Senate have passed and President Biden has signed an...

Ohio and Indiana recently announced that they would be following the Federal government and the IRS in extending the deadline to file and pay individual income taxes for tax year 2020 to May 17, 2021. For Ohio, this includes Ohio and school district income taxes. To...