by sha_admin | April 25, 2024 | Uncategorized
The U.S. Department of Labor has announced a final rule that amends regulations under the Fair Labor Standards Act. Under the rule, the overtime threshold will increase from $35,568 to $43,888 effective July 1, 2024. On January 1, 2025, the amount will increase to...
by sha_admin | March 13, 2024 | Uncategorized
March 4 Update: The U.S. Department of the Treasury has announced it will not enforce penalties, fines or deadlines related to the Corporate Transparency Act’s beneficial ownership information (BOI) reporting requirements. The Treasury Department will propose an...
by sha_admin | February 5, 2024 | Uncategorized
Shultz Huber & Associates, Inc. is pleased to announce that Tony Giovarelli, Ashley Grimm and Chelsea Waidelich were recently promoted. Giovarelli and Grimm were promoted to in-charge accountants, and Waidelich was promoted to supervisor. Giovarelli joined the...
by sha_admin | January 10, 2024 | Uncategorized
The IRS recently announced a Voluntary Disclosure Program to help taxpayers who may have claimed the Employee Retention Credit in error. The Voluntary Disclosure Program, which closes on March 22, 2024, allows taxpayers who received the ERC in error to repay only 80%...
by sha_admin | November 15, 2023 | Uncategorized
Ohio voters recently approved a ballot measure legalizing marijuana for recreational use by adults 21 and over. The Ohio Department of Commerce has prepared some frequently asked questions regarding licensing, the implementation timeline and permitted uses. The...
by sha_admin | October 12, 2023 | Uncategorized
Changes are coming to Ohio’s commercial activity tax (CAT). Some of the key points are listed below. You can read more about the legislation on the Ohio Department of Taxation’s website. Effective January 1, 2024 Elimination of annual minimum tax, if you file a final...
