The Ohio Dept. of Taxation is reminding taxpayers that Ohio will have a sales tax holiday beginning Friday, Aug. 6, 2021, through Sunday, Aug. 8, 2021. During this period, the following items are exempt from sales and use tax: clothing priced at $75 per item or less; school supplies priced at $20 per item or less; and school instructional material priced at $20 per item or less. Items used in a trade or business aren’t exempt during the sales tax holiday. For more information: https://bit.ly/3iOG4OX
IRS suspends processing of ERTC claims
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the risk of...
