This week, the Small Business Administration announced the launch of a streamlined application portal for Paycheck Protection Program (PPP) borrowers who received less than $150,000 of funding. Under the new program, borrowers who received funding of less than...
Content By Demetrius J. Robinson
Municipal Withholding To Change Under Ohio Budget Bill
Earlier this month, Gov. Mike DeWine signed the 2022-2023 biennial Ohio budget into law. While the bill primarily focuses on various budget items for each agency, it also includes a number of provisions dealing with tax law changes. These changes included reductions...
U.S. Supreme Court Declines Remote Worker Nexus Tax Case
Yesterday, the U.S. Supreme Court declined to take up the case of New Hampshire v. Massachusetts (No. 220154). The New Hampshire v. Massachusetts case resulted from a pandemic-related, temporary rule, adopted by the Commonwealth of Massachusetts that sought to...
SBA Will Make PPP Loans Public in 2021
In a recent interview with The Business Journals, the SBA stated that it plans to make details of PPP loans public, in alignment with the U.S. District Court’s ruling last November. SBA Administrator Isabel Guzman stated in the interview that “There is no intent to...
Sales Tax in Light of COVID-19: The Expansion of Economic Nexus
According to a recent report, online retailers saw an increase of over 32% in consumer spending during 2020 v. 2019, with total sales exceeding $792 Billion. While e-commerce saw a large increase, brick-and-mortar sales saw a mere 5% increase year-over-year. Such a...
Recission of Health Order Changes Employer Withholding Requirements
Governor Mike DeWine announced this week that he would be lifting most of the COVID-19 health orders which were originally issued in March 2020 (subsequently amended). The health orders were originally issued in response to an increase in coronavirus cases in the...
Ohio Passes Bill To Conform With Recent Federal Tax Law Changes
This week, the Ohio General Assembly passed Senate Bill 18, which conforms Ohio law with certain federal tax provisions under the CARES Act, the Consolidated Appropriations Act of 2020 and the American Rescue Plan Act of 2021. Under this bill, which Governor Dewine is...
IRS Extends Tax Deadline to May 17
The IRS announced Wednesday that it is extending the tax filing deadline for individuals from Apr. 15, 2021, to May 17, 2021. This is an important development for taxpayers due to the many tax law changes that have recently transpired including an exclusion from tax...
Estate & Tax Planning Considerations for 2021 and Beyond
WebinarPresented: March 18th, 2021 KJK's Kevin Lenhard, Demetrius Robinson and Huntington Private Bank's Stephanie Kormanec discuss estate and tax planning in 2021. About this Event Most estate plans have been designed to minimize estate tax, and a change in the law...
IRS Notice Requirements: Don’t Delay Responding
In the age of coronavirus, responding to notices from governmental agencies, especially the Internal Revenue Service, couldn’t be more important. Recently, the U.S. Tax Court sustained an appeal from a taxpayer who received a statutory notice just four days before the...