Reminder: 2020 Extension Tax Filing Deadlines are Quickly Approaching
Just a friendly reminder that extended 2020 Corporate and Partnership tax returns are due next week. Extended personal returns are due next month. We look forward to the opportunity to help all of our extended clients file their returns on time. In order to achieve...
Attention All Self-Employed Individuals & Business Partners
The IRS recently approved a temporary 100% deduction for some business meal expenses incurred during the 2021 and 2022 calendar years. In order to qualify, expenses must meet the following criteria: Paid or incurred after 12/31/20 and before 01/01/2023 with the meal...
IRS Releases 2021 Standard Mileage Rates
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...
Several Ohio Counties Have Granted Extensions to Pay Property Taxes
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...