31 Dec 2020

What you need to know about the NEW Consolidation Appropriations Act…

2020 COVID-related Tax Relief Act (COVIDTRA) and Taxpayer Certainty and Disaster Relief Act (TCDTR) EFFECTIVE DATE: Calendar years of 2021 and 2022 For questions about the Consolidation Appropriations Act or any other matter related to PPP loans, PPP loan forgiveness, or income taxation, please contact your...

Read MoreRead More

21 Aug 2020

Pickrel, Schaeffer and Ebeling Lawyers Named Best Lawyers In America©

Frank Macharoni

Alan B. Schaeffer, Donald G. Schweller, Press Releases, Senney Says by Jeff Senney

We are pleased to announce that attorneys Alan B. Schaeffer, Jeffrey S. Senney, John E. Clough, and Donald G. Schweller have been selected by their peers for inclusion into the 2020 edition of The Best Lawyers in America. Alan B. Schaeffer, is included in The...

Read MoreRead More

29 Jul 2020

Rehiring Employees During COVID-19

Matt Stokely

Kristina E. Curry, Legal News for Businesses, Legal News for Individuals, Matthew D. Stokely, Senney Says by Jeff Senney, Workers Compensation & Employment

Rehiring in the time of COVID-19: Best Practices for Employers Some companies are in the midst of rehiring employees laid off due to the pandemic, and for others that’s still in the future. Either way, as you make plans to protect your employees’ health, be sure...

Read MoreRead More

22 Jul 2020

Refund Available for Improperly Taxed Veteran Disability Payment

Jeff Senney

Legal News, Legal News for Individuals, Senney Says by Jeff Senney

Do you qualify for a Refund? Fairness Act: The Combat-Injured Veterans Tax Fairness Act of 2016 (“Fairness Act”) was enacted in December 2016. The Fairness Act allows certain Veterans who received lump sum disability severance payments additional time to file a claim for credit or refund...

Read MoreRead More

15 Jul 2020

Roth IRA Can Own an IC-DISC

Jeff Senney

Legal News for Businesses, Senney Says by Jeff Senney

The United States Court of Appeals for the Sixth Circuit in Summa Holdings Inc v. Commissioner, has validated a creative use of an IC-DISC in conjunction with a Roth-IRA to achieve lower overall taxes and tax-free investment growth. The Taxpayer in Summa owned an exporting company. ...

Read MoreRead More

13 Jul 2020

Early IRA Distribution for Addiction?

Jeff Senney

Legal News, Senney Says by Jeff Senney, Workers' Compensation and Employment Law

Addiction - Not Generally an Exception to Early Withdrawal Penalty Under the federal tax code, individuals who take an early distribution from a retirement plan or traditional IRA are subject to a 10% tax. There are several exceptions that apply. One of these exceptions is a...

Read MoreRead More

24 Jun 2020

AG Yost Urges Ohioans to Exercise Their Rights

Pam Thomas

Senney Says by Jeff Senney

COLUMBUS, Ohio — Ohio Attorney General Dave Yost is urging all Ohioans who have received notices regarding overpayment of unemployment compensation benefits to appeal their cases if they believe the notices were sent in error. “It’s no secret that despite the state’s Herculean efforts, it was...

Read MoreRead More

08 Jun 2020

Paycheck Protection Flexibility Act Changes the Rules

Kristina Curry

Business, Tax & Real Estate, Kristina E. Curry, Legal News, Legal News for Businesses, Matthew D. Stokely, Senney Says by Jeff Senney, Workers Compensation & Employment

New PPP Rules Provide Employers with More Options On June 5, 2020, the President signed the Paycheck Protection Flexibility Act (PPF) which loosens many of the requirements for existing and future borrowers to obtain forgiveness on Paycheck Protection Program (PPP) loans. The law takes effect...

Read MoreRead More

04 Jun 2020

Returning to Business and PPP Loan Forgiveness

Kristina Curry

Kristina E. Curry, Legal News, Legal News for Businesses, Legal News for Individuals, Matthew D. Stokely, Senney Says by Jeff Senney

What if I Offered to Rehire Employees and they Refuse? The loan forgiveness portion of the Paycheck Protection Program (PPP) Small Business Administration (SBA) loans will permit Employers who borrowed during the Covid-19 crisis to have up to 100% of the balance of a loan forgiven...

Read MoreRead More

21 May 2020

Senney Saves a Squirrel!

Pam Thomas

Senney Says by Jeff Senney

This is a squirrelly story just to make you smile...

Read MoreRead More