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S.B. 18 will Conform Ohio with Federal Tax Law Changes Ohio Tax Commissioner Jeff McClain recently announced Ohio is following the federal government and Internal Revenue Service in extending the deadline to file and pay Ohio individual income and school district...
On Thursday, the Senate voted to extend the Paycheck Protection Program for two months.A week before the Small Business Administration’s PPP was slated to expire, senators voted 92 to 7 to pass the PPP Extension Act of 2021. Not only does the legislation extend the...
The IRS has released the retirement contribution limits for the 2021 tax year. The new limits are adjusted based on increases in the cost of living. 2021 2020 401(k), 403(b), 457(b) deferral limits $19,500 $19,500 401(k), 403(b) catch-up deferral limits...
The Treasury Department and Internal Revenue Service announced the federal income tax filing due date for individuals for the 2020 tax year has been pushed to May 17. The IRS will be providing formal guidance in the coming days. However, individual taxpayers do not...
The American Institute of Certified Public Accountants recently asked Congress to extend the Paycheck Protection Program’s March 31 application deadline at least 60 days. Additionally, the AICPA also asked the IRS and the Department of the Treasury to extend the April...
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