OPA can also be used to apply for an installment agreement for a 2020 Form 1040 balance of up to $50,000 before receiving a bill or notice.

The fact sheet announces several changes, including a 14-day period that began Feb. 24 during which only businesses with fewer than 20 employees can apply.

In case you missed them, here are some recent interesting tax news items from around the web.

The House Finance Higher Education Subcommittee received budget testimony from the Ohio Attorney General's Office Wednesday, with Director of Policy and Legislation Mike Rodgers requesting additional changes in state law be enacted through HB110.

OSCPA on Tuesday testified before the Ohio House Ways & Means Committee advocating for tax conformity legislation – S.B. 18 – that will, among other things, ensure Ohio’s deductibility of forgiven PPP loan expenses, and exclude Bureau of Workers’ Compensation dividends from the Commercial Activity Tax.

Theodore Johnson, CPA, CFF, credits his improvisational skills as the entrée to his term as a member of OSCPA’s Executive Board.

Introducing our newest Preferred Solutions Partner, Dext!

President Joseph Biden this week changed the Paycheck Protection Program application eligibility to only allow businesses with fewer than 20 employees to apply for two weeks, ending on March 9.

It’s time to consider what financial well-being means when the focus isn’t solely on numbers, said Danetha Doe.

The coronavirus pandemic has changed the way organizations conduct business, said Tom Armstrong, CISA, CDPSE, senior manager at Clark Schaefer Consulting.

While most newlyweds are settling into married life, Katelyn Bloom, CPA, spent the first year of her marriage studying for the CPA exam and working extra hours during busy season with the support of her husband.

FASB has voted to finalize its December 2020 proposal on private companies’ assessment of events that may trigger a goodwill impairment test but said it would extend the terms of the rules so that a broader number of private companies and not-for-profits can make use of the changes.

A new survey of nonprofit employees shows that 58% said their employer took cost-cutting steps in 2020, and 49% expect more cuts this year.

In case you missed them, here are some recent interesting nonprofit news items from around the web.

This week’s CPA of Ohio is Emily Bischoff, MBA student at John Carroll University.

In case you missed them, here are some recent interesting small business news items from around the web.

President Biden has announced changes to the Small Business Administration’s COVID-19 aid program in an effort to reach smaller, minority-owned firms and sole proprietors left behind in previous rounds of aid.

The Ohio Department of Job and Family Services (ODJFS) said at least 33,000 unemployment claims have been flagged for potential fraud.

Federal lawmakers are asking the IRS to push back this year’s income tax filing deadline, just like it did last spring at the start of the pandemic.

The IRS is reminding those with income from a farming or fishing business can avoid making any estimated tax payments by filing and paying their entire tax due on or before March 1.