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...
Content By Demetrius J. Robinson
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...
Get Ready for Tax Season: Considerations for Individuals & Businesses
For many of us, 2020 has felt simultaneously like the quickest and yet longest year in recent history. At times, I felt like it was still Q1 and I was trying to figure out what I wanted to accomplish this year only to realize moments later that we were just weeks away...
Judge Rules SBA Must Release Information for All PPP Borrowers
A federal judge has ruled the Small Business Administration (SBA) must release detailed information for all Paycheck Protection Program (PPP) loans. This includes both the identities of loan recipients and loan amounts. The underlining case was brought by a number of...