The American Rescue Plan, which was signed into law on March 11, 2021, contains significant changes to COBRA. The biggest change is that employers must now provide assistance-eligible individuals with a 100% subsidy for COBRA premiums from April 1, 2021 to Sept. 30,...
Articles
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...
Restaurants, Hospitality Businesses Eligible for $28.6 Billion in Federal Grants
A long-awaited and welcome piece of the recent stimulus package is directly pointed at the restaurant and hospitality industries. Billions of dollars in federal grant money will be available to privately owned hospitality businesses through the $1.9 trillion COVID...
Ohio to Receive $11 Billion From American Rescue Plan, Including $541 Million for Cleveland
The American Rescue Plan Act of 2021, passed by the House on Wednesday and signed into law Thursday by President Joe Biden, will bring a flood of much-needed funds into the state of Ohio – and Cleveland, in particular. The $1.9 trillion COVID relief bill allocates...
Estate Tax Closing Letters
Due to reductions in personnel being physically located at IRS Service Centers, review of tax filings and the associated responses and information normally provided by the IRS are severely delayed. This is certainly true for any taxpayer who filed an estate tax return...
Estate Planning Resolutions for 2021
Despite the unpredictability of last year, 2021 may be the best opportunity to finalize or revise your estate plan. Estate planning involves outlining your wishes for your assets and responsibilities in case of incapacity or death. This plan involves anything you own...
Consumer Data Privacy Act Signed by Virginia Governor
On March 2, 2021, Virginia Governor Ralph Northam signed the Commonwealth's first comprehensive data privacy law, the Consumer Data Protection Act. This makes Virginia the second state, after California, to do so. California’s Consumer Privacy Act (CCPA) amended by...
Are Courtrooms Closed to Class Action Privacy Litigation Without Proof of Harm?
By Mark Rasch & Alex Welsh In order to pursue a case in court, especially federal court, a potential plaintiff must demonstrate that they have suffered a concrete, personal, demonstrable harm. When it comes to potential class action privacy litigation, this...
Rise of Unemployment Fraud in Ohio, Other States
A rise in unemployment fraud in Ohio and other states is the subject of increasing media attention and concern. But what exactly is happening, and what should you do if an unemployment claim was fraudulently filed under your employee’s, or your own, name? After...
Yellen Projects Tax Increases To Be Phased in Slowly
In an interview last week on CNBC, U.S. Treasury Secretary Janet Yellen said that tax increases would be needed to pay for at least part of a large infrastructure, climate and education investment package that President Joe Biden plans to introduce later this year....