Dear Client: The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, extended and significantly modified the payroll tax credits for qualifying sick leave and family leave wages. Below is a summary of the key provisions. Background: Both Covid-19-related credits were initially provided by the Families First Coronavirus Response …Read More
By: Claudia G. Allen The American Rescue Plan Act (ARPA) enacted March 11 includes a substantial increase in the limits for dependent care under Flexible Spending Plans (Section 125 cafeteria plans) as well as increasing the tax credit for child care for calendar year 2021. Combined with the flexibility to make changes to plan elections …Read More
ARPA child and dependent care tax credit can include the cost of household services, as long as the cost at least in part goes towards the care of the individual.
ARPA expands the eligibility amount of the child tax credit for tax years beginning in 2021 and require IRS to make monthly advance payments of the credit to taxpayers in July through December of 2021.
Strauss Troy welcomes Julie Hopkins, Bo Howell, and Austin Stevenson. The additions complement the firm’s labor and employment, corporate law, and securities law practice groups.
The Ohio Department of Taxation (ODT) is warning Ohioans who may be victims of unemployment fraud to report the suspected fraud or potentially face higher taxes.
People often have no fear when buying vacant commercial land. It is vacant after all. What could be wrong with it? So. Much. So much could be wrong with it. Though empty, less obvious problems that can quickly derail a project can lurk if you do not do your due diligence. Michelle E. Reid offers her top three tips to consider when buying vacant commercial property.
Ohio’s Employment Law Uniformity Act becomes effective on April 15, 2021. Strauss Troy attorneys Alex Rodger and Austin Stevenson highlight some of the changes to Ohio Revised Code Chapter 4112 related to discrimination claims.
Did you recently get slapped with a surprisingly high property tax bill? Consider applying for a reduction of your property’s taxable value. Your county’s board of revision will conduct a hearing, and you will bear the burden of proving that your property was over-valued. If the board reduces your property’s value, the new value will usually apply to future tax years, which will save money on your tax bills well into the future. There are many intricacies to this process, and an experienced attorney can navigate it for you to optimize your opportunity for a value reduction.
Most of us found all of our homes’ flaws in 2020 and are seeking out the perfect place to build our dream home. More often than not though, people an attorney after signing the land and construction contract—when there is a big problem that could have been avoided by consulting with an attorney earlier. To help your purchase and construction go smoothly, here are three things to consider.