Professional Accounting Blog

    Accounting For Your Prosperity

    Jonathan Ciccotelli

    Jonathan Ciccotelli is a Vice President in Meaden & Moore’s Tax Services Group. He enjoys running, cycling, and cheering on his kids at sporting events.

    Recent Posts

    CARES Act provides COVID-19 pandemic relief to businesses

    Posted by Jonathan Ciccotelli on Mar 31, 2020 4:40:44 PM

    Topics: Tax Planning & Strategies, Small Business, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to address the financial and health care crisis resulting from the coronavirus (COVID-19) pandemic. In addition to providing relief to individuals and mustering forces to shore up the medical response, the CARES Act includes numerous provisions intended to help affected businesses, including eligible self-employed individuals, weather the crisis.

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    Senate Passes $2.2 Trillion Bill to Support Economy During Virus Pandemic

    Posted by Jonathan Ciccotelli on Mar 26, 2020 1:41:35 PM

    Topics: Tax Planning & Strategies, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    As COVID-19 continues to upend nearly every aspect of life in the United States, Congress has been working to relieve suffering Americans. Having passed the Families First Coronavirus Response Act on March 18 in an effort to limit the spread of the pandemic and support relief efforts, Congress turned to stabilizing the economy.

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    Ohio Bureau of Workers Compensation Deferral

    Posted by Jonathan Ciccotelli on Mar 22, 2020 11:21:03 AM

    Topics: Tax Planning & Strategies, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    Ohio’s Bureau of Workers' Compensation (BWC) system is the exclusive provider of workers’ compensation insurance in Ohio and serves 249,000 public and private employers.

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    Internal Revenue Service postpones certain returns and payments due April 15, 2020

    Posted by Jonathan Ciccotelli on Mar 21, 2020 2:22:50 PM

    Topics: Tax Planning & Strategies, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    On Friday March 20, 2020 the Internal Revenue service published Notice 2020-18 which supersedes previously issued guidance under Notice 2020-17.  The Secretary of the Treasury has determined that any person with a Federal income tax payment or a Federal income tax return due April 15, 2020, is affected by the COVID-19 emergency for purposes of the relief. 

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    Families First Coronavirus Response Act

    Posted by Jonathan Ciccotelli on Mar 20, 2020 2:58:12 PM

    Topics: Tax Planning & Strategies, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    The first two phases of The Families First Coronavirus Response Act (the “Act”) was signed into law by President Trump on March 18, 2020. The Act has a substantial impact to employers across the country by extending employee sick leave benefits through two components – the Emergency Family and Medical Leave Expansion Act (“E-FMLA”) and the Emergency Paid Sick Leave Act (“E-PSL”). Preliminary legislative text of the Senate’s "much bolder," phase three measure, is expected to be unveiled any day. 

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    IRS Extends Tax Filing Deadline to July 15 as Coronavirus Spreads

    Posted by Jonathan Ciccotelli on Mar 20, 2020 11:32:11 AM

    Topics: Tax Planning & Strategies, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    The IRS is moving its national income tax filing day ahead to July 15 as part of a growing effort to stem the financial pain from the coronavirus pandemic, Treasury Secretary Steven Mnuchin announced today.

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    The IRS extends the federal income tax payment deadline

    Posted by Jonathan Ciccotelli on Mar 19, 2020 4:30:15 PM

    Topics: Tax Planning & Strategies, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    After U.S. Treasury Secretary Steven Mnuchin’s announcement that the deadline for paying federal income taxes would be extended, the IRS released guidance on March 18 outlining the details. IRS Notice 2020-17 follows up on President Trump’s Emergency Declaration that, among other things, instructed Mnuchin to provide relief from tax deadlines for taxpayers adversely affected by the coronavirus (COVID-19) pandemic.

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    Treasury and IRS Issue Guidance on Deferring Tax Payments Due to COVID-19 Outbreak

    Posted by Jonathan Ciccotelli on Mar 18, 2020 7:41:48 PM

    Topics: Tax Planning & Strategies, COVID-19

    Following President Donald J. Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) today issued guidance (Notice 2020-17) allowing all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15, 2020, until July 15, 2020, without penalties or interest. 

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    COVID-19 State and Local Taxpayer Guidance

    Posted by Jonathan Ciccotelli on Mar 17, 2020 4:42:22 PM

    Topics: Tax Planning & Strategies, COVID-19

    As you are all aware, COVID-19 is drastically impacting how business is being conducted throughout the United States of America and the entire World.  In addition to the guidance issued by the Internal Revenue Service (IRS) regarding penalty and interest waivers, many states have or are in the process of issuing their own guidance.

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    You should still file your taxes by April 15 if you anticipate a refund

    Posted by Jonathan Ciccotelli on Mar 17, 2020 3:23:05 PM

    Topics: Tax Planning & Strategies, COVID-19

    At a press conference held today, U.S. Treasury Secretary Steven Mnuchin announced the following while at the White House:

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