Ohio Individual Filing Due Date Change & Tax Conformity Update
Individual Tax Filing Due Date On March 24, 2021, Ohio Tax Commissioner Jeff McClain announced that Ohio will follow suit with the federal government and IRS in extending the deadline to file and pay Ohio individual income taxes for tax year 2020. The new deadline will now be May 17,
American Rescue Plan Relief for Venue Operators & Restaurants
EIDL Loan Increase, Shuttered Venue Operators Grant, Restaurant Revitalization Fund Grant Updates The American Rescue Act, signed into law by President Joe Biden on March 11, provides assistance for struggling venue operators, restaurants, and bars that have been especially hard-hit by the COVID-19 Pandemic. The American Rescue Plan Act of
Expenses Paid with PPP Loan Proceeds Now Deductible in Kentucky
On March 15, 2021, Kentucky Governor Andy Beshear signed into law House Bill 278, which allows expenses paid with PPP loan proceeds to be tax deductible for Kentucky income tax purposes, providing much needed relief for taxpayers. The passage of the Consolidated Appropriations Act (“CAA”) in late December provided taxpayers
President Biden Signs the American Rescue Plan of 2021
[UPDATE: On Thursday, March 11, 2021, President Biden signed into law: H.R. 1319, the “American Rescue Plan Act of 2021,” which provides additional relief to address the continued impact of the COVID-19 pandemic on the economy, public health, State and local governments, individuals, and businesses. On March 10, 2021, the
Key Findings | Business Barometer Manufacturing Edition
Introduction To better understand COVID-19’s impact on the manufacturing industry in our region, we surveyed manufacturers across a wide range of industry segments on topics ranging from the impact on their supply chains to how they’ve been able to adapt in a radically changed landscape. Here are the results –
$1.9 Trillion COVID-19 Relief Bill | American Rescue Plan
The U.S. House of Representatives passed the $1.9 trillion American Rescue Plan of 2021 pandemic relief legislation on Saturday, February 27, 2021, to help Americans weather the ongoing health and economic crisis caused by the COVID-19 pandemic. The bill now moves to the Senate for consideration the week of March