Dec 22, 2020 | Corporate Tax, Personal Tax
The Internal Revenue Service today issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2021, the standard mileage rates for...
May 18, 2020 | Corporate Tax, COVID-19, Personal Tax
Note: each county appears to have their own new due date! Belmont (from July 20, 2020 to August 21, 2020) Cuyahoga (from July 20, 2020 to August 13, 2020) Delaware (from July 20, 2020 to August 20, 2020) Franklin (from July 20, 2020 to August 5, 2020) Geauga (from...
May 7, 2020 | Business Consulting, Corporate Tax, COVID-19, IRS
The IRS wants to remind business owners of 3 new credits available to companies hit by COVID-19. Please click the links to learn more about how your business can benefit from the Employee Retention Credit, the Paid Sick Leave Credit and the Paid Family Leave Credit....
Apr 23, 2020 | Business Consulting, Corporate Tax, COVID-19
Recently, a number of our clients were unable to apply for the Payroll Protection Program before the first round of money ran out. Today Congress approved additional funds, so we encourage those who qualify to move quickly to secure loans from this second round of...
Apr 21, 2020 | Business Consulting, Corporate Tax, COVID-19
Many small businesses are feeling the strain created by the coronavirus restrictions. We encourage our clients who would benefit from a Paycheck Protection Program (PPP) loan to take advantage of it. In this Forbes article, author Jason Freeman breaks down the...
Jan 5, 2020 | Accounting & Quickbooks, Business Consulting, Corporate Tax, IRS, Personal Tax, Tax Planning, Uncategorized
The IRS recently released the mileage rates for 2020. Beginning Jan. 1, the business mileage rate decreased one-half of a cent for business travel driven and three cents for medical and certain moving expenses as compared to the rates for 2019. The charitable rate is...
