While COVID-19 wreaks havoc today, Coolidge Strategic | Advisory Services (/strategic-advisory/) is thinking about your future and what you can do to protect it. In these situations, it is critical that businesses approach the dynamic environment like they were in a turn-around: Assess, Plan, Manage Cash, Communicate, Execute and Review. For an overview see: COVID-19: Urgent Two-Step Planning.pdf or contact us to discuss the planning process and tools for cash flow management and contingency planning in a difficult environment. For additional helpful information take a look these links: Projecting Cashflow in Distressed Situations (Stout.com); Reassessing Cashflow in Light of COVID-19 …
COVID-19: Relevant Tax Information
Information relating to COVID-19 is moving at a very fast pace – changing daily, if not hourly. Here are some links you can check for more up-to-date information as things change: IRS Coronavirus Updates: https://www.irs.gov/coronavirus State of Ohio link: https://coronavirus.ohio.gov/wps/portal/gov/covid-19/ As of March 20, 2020, here is a summary of some of the relevant tax issues relating to the coronavirus (COVID-19): Payment and Filing Deadline Federal income tax filing and payments that were due without extension on April 15, 2020 have been automatically extended to July 15, 2020. (Notice 2020-17, IRB 2020-15) The IRS has provided an extensive Q&A addressing …
Ohio Health Director Issues “Stay at Home Order” Dated March 22, 2020
On Sunday, March 22, 2020, Governor DeWine announced a new “Stay at Home Order” issued by Ohio Health Director Amy Acton, MD, MPH (the “Order”). In addition to severely restricting the ability of individuals in Ohio to leave their residences for two weeks, the Order contains specific and dramatic instructions to Ohio employers on managing their workforces. The employment-related restriction in the Order includes numerous exceptions. Below are details concerning the Order and its impact on essentially all private businesses in the state. Effective date: March 23, 2020 at 11:59 PM. End date: April 6, 2020 at 11:59 PM (unless …
New Law: Families First Coronavirus Response Act
On the evening of March 18, 2020, President Trump signed into law a significant legislative response affecting employers and workers coping with the COVID-19 (“coronavirus”) pandemic. The Families First Coronavirus Response Act (the “Act”) contains two separate but related provisions. First, the Act provides for Emergency Paid Sick Leave (“EPSL”) to be provided to employees and paid for by employers in certain situations. Second, it provides for an Emergency Family and Medical Leave Expansion (“EFMLE”), which expands coverage of the existing FMLA to specific situations related to the pandemic. Both provisions are subsidized through certain reimbursements available to employers (including …
Tax Issues for Election 2020
With Ohio’s primary election postponed until June 2nd, and with a much narrower field of candidates, maybe it’s time to take a closer look at one of the more important topics of the election, and one that is quite frankly many times overlooked – what is each candidate’s tax plan? While all the candidates promise to do what is best for us, federal tax policy may ultimately be the item that impacts our pocketbooks the most. Everyone knows the old adage “in this world nothing can be said to be certain, except death and taxes.” That includes you COVID-19! Assuming …
COVID-19: What Employers Need to Know For Now
The outbreak of COVID-19 has reached pandemic levels, prompting public and private action. Governments at all levels nationwide have issued emergency orders and resolutions establishing public health strategies and guidance for employers, communities and individuals to abide by during this time. Businesses are designing and implementing plans to prevent or minimize the spread of COVID-19 in the workplace with the hope that business operations can continue with minimal disruption. Even in the face of a pandemic, employers must pay attention to and comply with federal and state employment laws while making decisions that impact the health and wellbeing of their …
The Passage of Time Can Minimize the Effectiveness of Your Estate Plan
Estate planning is the process for how you transfer your personal and investment assets, business interests, and wealth in general to heirs and others. This process can be very important for anyone who wants to be certain that their loved ones are adequately provided for and taken care of, and that the process is streamlined and cost effective. When done properly, estate planning aims to allow you to pass on your assets as you see fit, minimize the tax issues associated with transfer of wealth, avoid probate court proceedings to transfer title to certain assets, and provide protections for your …
Political Signs on Limited Public Forums
As the 2020 primary and general election swiftly approaches, local governmental entities (i.e., cities, townships, villages, and municipalities) will be required to regulate hundreds of polling stations throughout the State of Ohio for citizens to vote for candidates in national, state, and local elections. These local governmental entities must effectively balance voters’ rights to free speech and the local interest to keep polling stations safe, organized, and void of any political bias for any of the candidates. Churches that serve as polling stations across Ohio have attempted to regulate the type of political signs displayed on their property. According to …
Seven Coolidge Wall Attorneys Named 2020 Ohio Super Lawyers
Coolidge Wall Co., L.P.A. is pleased to announce that seven of its attorneys have been selected by their peers for inclusion in 2020 Ohio Super Lawyers®: Michelle D. Bach: Workers’ Compensation Christopher R. Conard: General Litigation, State, Local & Municipal, Land Use/Zoning, Administrative Law, Criminal Defense, Estate & Trust Litigation Marc L. Fleischauer: Employment & Labor, Employment Litigation David C. Korte: Workers’ Compensation Stephen M. McHugh: State, Local & Municipal, Estate Planning & Probate, Real Estate David P. Pierce: Business Litigation, Employment & Labor, Civil Litigation Richard A. Talda: Business Litigation, Civil Litigation, Alternative Dispute Resolution In addition, Mr. Pierce …
Electric Scooters: Regulation, Litigation and Consternation
Electric scooters are likely already in your city and if not, the chances are good that they will be soon. In cities across Ohio, the United States and the world, one often does not have to go far before stumbling upon, perhaps quite literally, a huddling mass of scooters on a corner or sidewalk. Ohio Cities Regulate Scooters with Local Ordinances: Will Statewide Regulation Be Next? Despite whatever differences exist between the Ohio cities and the scooter companies, local legislatures have found commonality in how they regulate the product and its use. All Ohio cities with scooters regulate their use, …