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IRS announces changes to retirement plans for 2022

Submitted by Debra Rodway on Fri, 2021-11-19 12:57

Next year taxpayers can put an extra $1,000 into their 401(k) plans. The IRS recently announced that the 2022 contribution limit for 401(k) plans will increase to $20,500. The agency also announced cost of living adjustments that may affect pension plan and other retirement-related savings next year. 

Here are the highlights of changes for 2022:

W2 and 1099 Filing Change for Ohio Employers

Submitted by Debra Rodway on Mon, 2021-11-15 14:25

The Ohio Department of Taxation is lowering the threshold for the electronic filing of W-2 and 1099-R information for calendar year 2021 information (submitted in 2022).  

NEW Mahoning County Small Business Grant Up To $10K

Submitted by Debra Rodway on Mon, 2021-11-01 15:19

 

Valley Partners will be administering the new Mahoning County Small Business Relief Fund II, thanks to an award provided by the Mahoning County Commissioners through their American Rescue Plan monies in the amount of $1 million dollars. Grants up to $10,000 will be available to eligible small businesses within Mahoning County and awarded on a first come-first serve basis. 

Applications will be accepted for first-time grant recipients starting today, November 1st, and will be open to all businesses on November 8.

Eligibility Requirements

COVID-Related Relief: Rehire Retirees & Keep Retirement-Age Workers

Debra Rodway 22 Oct 2021

To help address COVID-related labor shortages, the Internal Revenue Service today reminded employers that they generally will not jeopardize the ta

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SBA Helping Borrowers Complete PPP Forgiveness App

Submitted by Debra Rodway on Mon, 2021-08-09 09:11

 

The Small Business Administration will directly help borrowers complete the PPP forgiveness application for loans that are under $150,000.  Attached is a power point explaining the process.

Ohio BWC Changing Email Delivery System

Submitted by Debra Rodway on Tue, 2021-07-20 08:51

 

The Ohio Bureau of Workers Compensation will be changing to a new email delivery system in the coming days.

Beginning August 2, 2021, you’ll receive your email notices from GovDelivery. This new email delivery system has a different look and feel than what you’re used to.

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