The Biden Administration has released its fiscal year (FY) Budget for 2022, outlining an estimated $6 trillion in federal spending. The proposal would significantly expand the size and scope of the federal government, with increased spending paid for by increasing...
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...
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...
As expected, Governor Mike DeWine signed into law a bill that could provide significant relief for property owners whose property values were impacted by COVID-19 and related government lockdowns. SB 57 gives Ohio real property owners the opportunity to file...
Both chambers of the Ohio legislature have passed Senate Bill 57, which aims to provide tax relief for property owners who have been harmed by the COVID-19 pandemic. This bipartisan legislation, which passed in the Ohio House and Senate with unanimous approval, is...
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...
A great degree of uncertainty surrounds proposed tax policy changes expected from the Biden administration. However, during the 2020 campaign, President Biden provided some insights on his tax legislative agenda from which to approach this uncertainty through...
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,...
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...
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....