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Tribute to Carl N. Lupi, Beloved Step-Father, Mentor & Advisor

Carl N. Lupi, my beloved step-father, mentor and advisor, passed away peacefully on December 11, 2016 surrounded by his loving family, following a courageous battle with cancer.

Carl has been a big influence in my life. I owe much of my success to him. Sometimes someone comes into your life who changes everything . . . raises the standards, makes you laugh, makes you feel like you. There is something about Carl that you can't put into words. Even though he is no longer here in body, he will always be here in our hearts.

2016 Year-End Tax Planning Letter

Dear Clients and Friends:

With a new administration taking shape in our nation’s capital after the elections, you can expect that significant tax reforms will be debated, and perhaps enacted, in the near future. But the greatest impact on year-end tax planning in 2016 will likely derive from what happened late last year, not what will happen next year.

In the waning days of 2015, Congress passed the Protecting Americans from Tax Hikes (PATH) Act, which was promptly signed into law. This new federal legislation reinstated dozens of favorable tax provisions that had expired, many of them retroactive to the beginning of 2015. In some cases, the new law made often-extended tax breaks permanent, with certain modifications. The changes included in the PATH Act provide both individual and business taxpayers with a clearer picture about the optimal tax moves to make before the end of this year.

Department of Labor Overtime Rule Blocked

The Department of Labor Overtime Rule that would have required employers to pay overtime to most salaried workers who earn less than $47,476 annually, has been blocked.  Texas U.S. District Judge Amos Mazzant issued a temporary injunction blocking the Department of Labor rule, which was scheduled to take effect December 1st.

Dozens of business groups, including the U.S. Chamber of Commerce, and 21 state attorneys general, including Ohio Attorney General Mike DeWine, filed suit against the rules.  The litigation will likely continue beyond inauguration day. President-elect Trump is expected to either eliminate the new rule or make substantial revisions to ease the burden on businesses.

New I-9 Employment Verification Form Coming Soon!

The United States Citizenship and Immigration Services ("USCIS") has announced that it will release a newly revised Employment Verification Form, Form I-9 on November 22, 2016.

Employers are required to use the Form I-9 to verify the identity and employment authorization eligibility of their employees. Employers may continue using the current version of Form I-9 with a revision date of 03/08/2013 N until Jan. 21, 2017. After Jan. 21, 2017, all previous versions of Form I-9 will be invalid.

Giving you all a heads up.  When the new form becomes available we will post it on our Tax and Accounting Resources & Forms page.  

Join Team Hawk to Raise Money for Leukemia & Lymphoma Society!

 For those of you who may not know Shannon Beach aka Team Hawk, she was instrumental in assisting in the early years when DJL had our first Golf for a Cure Outings for Leukemia/Lymphoma. As you all know Shannon, she was and still is the life of the fundraising party for such a worthy cause. I would like to ask everyone who attended those events to help Shannon and her family now. They need your help! Please tune in and read about Hawk Strong, Shannon and Roberts journey is nothing but inspirational. Leo and I will be there with them. Who else is in? I am also getting together a package for them. So anyone interested please contact me.​

Join Shannon Beach and I as we raise $ for Leukemia & Lymphoma. #teamhawk will be walking in honor of Hawk's fight at the Leukemia & Lymphoma Society's Light the Night event on Sunday, October 9th at Wade Oval at 5:00 p.m. Our team fundraising goal is $1,000.00. Click on the following link and search for #teamhawk to join the team or to make a donation. You do not have to donate to walk. A lot of fun activities for kids from 5:30-7, followed by 1 mile walk. Thanks for Marti Goodwin Jacobson for organizing our team.

http://pages.lightthenight.org/noh/Clevelnd16/teamhawk

Ohio BWC Extended Deadline for Mandatory True-Up Until Sept. 29

The new mandatory payroll true-up reports for private employers were due to Ohio BWC no later than August 15, 2016. However, because there are so many businesses that missed the deadline, the BWC has extended the deadline to September 29, 2016.

If you haven't already completed your report, it is important that you get it done. The best way to complete the report is to visit the BWC website at http://www.bwc.ohio.gov and log on with your user ID and password. If you don’t have one, you will need to create one by simply following the directions located near the top right-hand corner of the BWC’s home page.  Here is a video provided by Ohio BWC that shows you exactly how to complete your true up report online.  

Tax Tips, Resources & News

Our blog, news feeds, forms, and links to helpful resources are provided to help you find the answers you seek any time of the day or night.

Please call us at 330-779-0781 for assistance.  We're here to guide you through your business and personal accounting, tax questions and obligations.

Contact

DJL Accounting & Consulting Group, Inc.
1570 South Canfield-Niles Road #C102
Youngstown, Ohio 44515 

Phone:  330 779 0781

               

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