Articles & Publications

President Biden Signs American Rescue Plan Act

On March 11, 2021, President Biden signed the American Rescue Plan Act (ARPA), which provides almost $2 trillion to support families and businesses affected by the COVID-19 pandemic. Here is a summary of the tax-related provisions in the Act.. Read More >>

Consolidated Appropriations Act: Changes to the Employee Retention Tax Credit

The Consolidated Appropriations Act, 2021 (CAA) is a $2.3 trillion spending bill that combines $900 billion in stimulus relief for the COVID-19 pandemic in the United States, with a $1.4 trillion omnibus spending bill to fund the operation of. Read More >>

Congress Passes Year-End Spending, Stimulus Bill with Tax Extenders

The Consolidated Appropriations Act, 2021 (CAA, 2021) passed Congress on December 21, 2020, and is awaiting the President’s signature. The CAA is 5,500 pages that touch on many areas of tax law, and additional changes could occur as the. Read More >>

2020 Year End Tax Planning for Businesses and Individuals

Year-end tax planning is always challenging, but President-Elect Biden entering the White House along with the coronavirus pandemic have added a whole new layer of complexity to the equation. The balance of power in the Senate will be determined. Read More >>

CARES Act: Federal Coronavirus Emergency Relief Package in Response to COVID-19

Relief is coming. Following supplemental funding for government agencies and individual-focused legislation, the President is expected to sign Phase III legislation in the CARES Act after it clears the House in response to the COVID-19 crisis. The Act is. Read More >>

SBA Offering Ohio Businesses Low-Interest Federal Disaster Loans in Response to COVID-19 Coronavirus

Ohio small businesses are now eligible for the SBA’s Economic Injury Disaster Loans. The U.S. Small Business Administration has announced it is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a. Read More >>

Families First Coronavirus Response Act: Relief Benefits and Tax Deadlines

The U.S. House of Representatives has passed H.R. 6201 – Families First Coronavirus Response Act (HR6201) to provide relief to those affected by the outbreak. This bill addresses critical and vulnerable areas that may directly affect work and life,. Read More >>

2019 Tax Provisions: Extenders Bill, ACA Tax Repeal, SECURE Act

Averting another government shutdown, President Trump signed a $1.4 trillion spending package which will fund the government until September 30, 2020.  As part of the spending package, there are several tax provisions including an ‘extenders’ bill, the SECURE Act. Read More >>

2019 Year End Tax Planning for Business and Individuals

With the 2017 Tax Cuts and Jobs Act (TCJA) changing the playing field in the tax realm, there are several approaches you may want to consider before year-end to help minimize your tax burden. Below are some of the. Read More >>

IRS Releases Proposed Regulations to Clarify Qualified Business Income Deduction

When tax reform passed in December last year, corporations received a lower tax rate of 21%, while rates were slightly reduced for individuals. To give a similar benefit to businesses organized as pass-through entities tax reform enacted a 20%. Read More >>