The penalty for failure to file a partnership return will not be imposed if the partnership can show reasonable cause for failure to file a complete or timely return. Smaller partnerships (those with ten or fewer partners and who meet the other qualifications listed below) will not be subject to the penalty under this reasonable…
Governor Mike DeWine has signed legislation that repeals the Ohio sales tax on employment services that has affected businesses for more than three decades. The repeal provision goes into effect on October 1, 2021, and is part of Ohio’s Budget Bill, H.B. 110. The Ohio Revised Code had defined “employment services” as “providing or…
Many readers are likely familiar with non-compete agreements and understand they are valuable tools in retaining employees and preventing unfair competition. However, it’s equally true they can be overused and abused, and rolled out in unnecessary circumstances. For example, the practice of Jimmy John’s use of non-compete agreements precluding employees working for other sandwich shops…
Submitted by: L. Michael Bly, Esq., Chair Personal Injury Team At Pickrel, Schaeffer & Ebeling, we have experienced litigators who can assist you following a personal injury accident, whether you are the injured party or caused the injuries. In the instances where you are the injured party, these five steps are critical to preserve…
Prenups are so unromantic – a sign of distrust, not love… Drawing up a Prenuptial Agreement together is a sign of incredible trust, and financial openness-you’re fooling yourself if you think you can achieve complete intimacy without it. -Suze Orman A Prenuptial Agreement is entered into by unmarried individuals in contemplation of marriage. The primary…
As part of PS&E’s ongoing effort to grow and enhance our community, we are pleased to share Jeff Senney has been appointed to the Park District Board by the Court of Common Pleas. Jeff will serve a three-year term starting in June. He will actively work with board members to establish policies, provide financial oversight, review…
The taxing authorities have delayed the due date for individual tax returns until May 17, 2021. But in many cases, this one-month extension did not give taxpayers or CPAs sufficient time to prepare the required returns. At this point, many taxpayers will need to file extensions for the returns that have not been completed. CPA…
If you drive around the local downtown area or keep up with the news, you will see ongoing efforts to improve buildings and properties in the City of Dayton and beyond. When I began working with commercial developers over 20 years ago, taking on an urban revitalization development project was not for the faint of…
The Treasury Department and the IRS announced recently that businesses with fewer than 500 employees might be eligible to take tax credits to offset paid leave provided to employees who received the Covid-19 vaccination. Self-employed individuals are similarly eligible to take the credits. The paid leave credits under the ARP are tax credits against the…
DEPARTMENT OF LABOR ISSUES GUIDANCE TO EMPLOYERS ON AMERICAN RESCUE PLAN ASSISTANCE ACT COBRA SUBSIDY- DEADLINE FOR EMPLOYERS MAY 31, 2021 On April 7, the Department of Labor issued guidance to employers regarding the new COBRA subsidy under the American Rescue Plan Assistance Act (ARPA). Premium assistance is available to employees who previously incurred…
