News & Opportunities

 

We have relocated to Suite 601 in our building. Our new address is:

526 S. Main St., Ste. 601, Akron, OH 44311

Thank you for your patience during this move.

The Staff at the Summit Medina Business Alliance

 

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Small Business Saturday

Saturday, November 24, 2018 is Small Business Saturday® – a day to celebrate and support small businesses and all they do for their communities. Please join the SBA and organizations across the country in supporting your local small business by shopping at a small business.

 

How You Can Participate

For shoppers

For small business owners

For partner organizations and other government agencies

 

Cosponsorship Authorization #18-2050-103. SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity.

All SBA programs and services are extended to the public on a nondiscriminatory basis.

 

 

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To register, go to the following hyperlink:

https://www.eventbrite.com/e/contracting-opportunities-at-the-james-a-garfield-joint-military-training-center-formerly-camp-tickets-52606046100

 

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This message is a reminder to all sales and use tax practitioners and taxpayers that the September 2018 monthly sales and use tax returns are due October 23, 2018.

Taxpayers are required to file sales and use tax returns electronically via the Ohio Business Gateway at gateway.ohio.gov or through TeleFile by calling (800)697-0440.

Please visit our website at www.tax.ohio.gov or contact the Department at 1-888-405-4039 with any questions regarding sales and use tax.

Ohio Department of Taxation
Business Tax Division
P.O. Box 530
Columbus, Ohio 43216-6158
Telephone: (888) 405-4039

 

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This message is a reminder to all commercial activity tax (CAT) practitioners and taxpayers that the third quarter 2018 CAT return is due November 13, 2018.

Taxpayers are required to file and pay the CAT electronically via the Ohio Business Gateway at  business.ohio.gov.

Please visit our website at tax.ohio.gov or contact the Department at 1-888-722-8829 with any questions regarding the CAT.

Ohio Department of Taxation
Business Tax Division
P.O. Box 16158
Columbus, Ohio 43216-6158
Telephone: (888) 722-8829
Fax: (206) 666-4462

 

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CWRU Student And Alumni Founders, Win Up To $25K To Grow Your Startup

Last fall, Case Western Reserve University (CWRU) partnered with university trustee and venture capitalist Bob Pavey, JumpStart and the Morgenthaler family to launch the Morgenthaler-Pavey Startup Competition.

Designed to identify and support high-potential startups coming out of CWRU, the annual competition is currently seeking applications from ventures whose founding teams include at least one currently enrolled CWRU student or an alumnus who has graduated within the last five years.

Six finalists will be selected to receive assistance from JumpStart to hone their pitch before taking the stage at a demo day competition on May 29, 2019 at Sears think[box], where judges will select first ($25,000), second ($15,000) and third place ($10,000) winners.

LEARN MORE

Applications are due Friday, November 16, 2018

 

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The IRS regularly updates its “Tax Reform News” and “Tax Reform Resources” websites with tons of information for small business clients. They also have a series of “drop in” articles that make great content for newsletters or social media. Recent updates include (websites are below):

  • News Releases:
  • IRS: Several tax law changes may affect bottom line of many business owners
  • Reduced 24-percent withholding rate applies to small businesses and other payers; Revised backup withholding publication features helpful FAQs
  • Tax Reform Tax Tips:
  • Tax reform brings changes to real estate rehabilitation tax credit
  • Tax reform brings changes to fringe benefits that can affect an employer’s bottom line
  • Drop-in articles:
  • Taxpayers may be eligible for a qualified business income deduction (199A)
  • New tax law changes backup withholding rate
  • Tax law changes affect fringe benefit deductions and your taxes
  • An estimated tax payment in 2018 could help avoid a penalty in 2019 (This drop-in article was previously issued as part of the estimated taxes campaign. You may want to share it again with your partners/stakeholders as needed.)
  • https://www.irs.gov/newsroom/tax-reform-resources
  • https://www.irs.gov/newsroom/tax-reform-news

 

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Online Business Filings

100% of All Business Filings Now Available Online

100 percent of all filings needed to start or maintain a business in Ohio may now be submitted online and business owners may now submit all Uniform Commercial Code (UCC) statements and certified search requests online. This completes an effort that began in 2013, when Secretary Husted launched Ohio Business Central to modernize operations and better serve business owners.

The online filings effort is among a series of initiatives, led by Secretary Husted, that aim to alleviate the bureaucratic constraints and costs on Ohio’s job creators. Two years ago, Secretary Husted reduced the cost of starting and maintaining a business in the Buckeye State by 21 percent. This change has saved Ohio businesses over $4.5 million to date. In 2016, Secretary Husted contracted with the Cleveland Sight Center to manage the Business Services Call Center, which assists entrepreneurs with starting and maintaining a business in Ohio. The collaboration with the Cleveland Sight Center has paid off significantly as average call wait time has dropped from more than five minutes to just 14 seconds – a reduction of 96 percent. Secretary Husted’s work to build a more business-friendly economy has been complemented by efforts to make his own office more efficient. As part of the recent state budget process, Secretary Husted requested a 100 percent cut in the amount of tax dollars needed to run his office. Husted’s request will save taxpayers nearly $5 million over state fiscal years 2018 and 2019. Additionally, during his first term, Secretary Husted reduced spending by $14.5 million, a 16 percent reduction when compared to the previous administration. He is also operating his office with nearly 40 percent fewer staff and payroll costs are at the lowest level in 10 years.

Connect with Ohio Secretary of State Jon Husted’s Office Learn about the resources and programs available in the Secretary of State’s office. Get information on how to start your own business and elections.

 

 

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The U.S. Small Business Administration Columbus District Office will present a FREE webinar for small business owners and entrepreneurs through ATT Connect. This webinar will provide information about financing options for your business; SBA loans, programs and services; how to apply for a loan; and, what to include in your business plan. The webinar should last about 40 minutes with a Q&A at the end. ATT Connect is a call-in and web site login conferencing system which provides an audio presentation over the phone and a video presentation over the internet. All that is needed to participate is a computer with internet access and a phone to call a toll-free number. This webinar will be offered on the 3rd Wednesday of each month. The Webinar is FREE, but registration is required so that you may receive instructions and the access code needed to participate.

The link is: https://sbawebinarwednesday.eventbrite.com

 

 

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Opportunities for Ohioans with Disabilities

Business Services Video Series

OOD has been working on producing a series of short videos about their business partnerships and the services they provide. Topics covered include:

  • How OOD Can Help Meet Your Workforce Needs
  • Employer Resources and Incentives
  • Effective Interaction with Individuals with Disabilities
  • Promoting Employer Peer to Peer Networking Opportunities
  • Workforce Success Stories

To view this video series, click here.

 

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Biorefinery, Renewable Chemical and Bio-based Product Manufacturing Assistance Program

 

Please see the link below for additional information on this program and how this program could be used as an economic incentive for further development in your area.

Applications are being accepted for this program.

The program is designed to assist in the development of new and emerging technologies for the development of advanced chemicals and bio-based product manufacturing.  Our assistance is provided through the guarantee of loans made to fund the development, construction and retrofitting of commercial scale bio-refineries which use eligible technology. Additionally, the program is designed to assist companies install technologically new commercial scale processing and manufacturing equipment to convert renewable chemicals into end user products.

A letter of intent indicating your interest in applying for the loan guarantee program must be submitted by August 31, 2018 for the application deadline of October 1, 2018 and by March 1, 2019 for the application deadline of April 1, 2019.

Additional information and application material can be found at the following website:

https://www.rd.usda.gov/programs-services/biorefinery-renewable-chemical-and-biobased-product-manufacturing-assistance

 

 

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The next deadline for accepting applications for the Rural Energy for America Program is October 31, 2018.  This deadline applies only to those applicants requesting $20,000 or less. The deadline for accepting applications requesting up to $500,000 is April 30, 2019.

 As a reminder, this program is designed to assist rural, small, for-profit businesses and agricultural producers install renewable energy systems or make energy efficiency improvements to their operations. These types of improvements can help eligible applicants control energy input costs and improve the overall profitability of their operations. The grant program can cover up to 25% of the eligible project costs while the loan guarantee can cover up to 75% of the eligible project costs.  Grants can range from $1,500 to $500,000 with loan guarantees up to $10,000,000.

 In previous years, this program has helped farmers replace grain dryers; fans and lights for livestock operations; and install solar PV arrays to help offset electrical consumption. Small businesses have benefited through high efficiency lighting; improvements to their HVAC systems; and installation of a renewable energy system to help offset electrical consumption.  

 

Additional information can be found at: Rural Energy for America Program.

 Should you be interested in discussing a specific project or in receiving an application to complete for your project, please contact one of the persons listed below:

 

Christie Hooks                   Christie.Hooks@oh.usda.gov       614-255-2397

Jennifer Brown                 Jennifer.Brown@oh.usda.gov      614-255-2423

Randy Monhemius           Randy.Monhemius@oh.usda.gov      614-255-2424

 

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Ohio Proud Partners

If you produce a food or agricultural product that is at least 50 percent grown, raised or processed in Ohio, you can become an Ohio Proud partner. Ohio Proud will distinguish your products in the crowded marketplace, and increase sales for your company and retailer.

Mailing:

Ohio Proud
Ohio Department of Agriculture
8995 East Main Street
Reynoldsburg, Ohio 43068

Phone: 1-800-IMPROUD (1-800-467-7683)

Fax: 614-466-7754

Email: ohioproud@agri.ohio.gov

 

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Job Description Writer:

 

Did you know the Department of Labor has a free tool to help small businesses develop position descriptions?

http://www.careeronestop.org/businesscenter/jdw/gettingstarted.aspx

 

 

 

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Below is an update to the Ohio Form IT/SD 2210 tax alert issued by the Department on April 2, 2018.

On June 29, 2018, House Bill 133 was signed into law by Governor John R. Kasich. As a result, R.C. 5747.09 and 5747.43 of the Revised Code were amended to change the way the Ohio interest penalty is calculated. A taxpayer or qualifying entity’s interest penalty is now calculated using the lesser of:

  • 90 percent of the current year’s tax liability; or
  • 100 percent of the prior year’s tax liability, provided the prior year return was filed.

These changes are retroactively applied to Ohio’s income, school district income, pass-through entity, or fiduciary income tax return filed for any tax year beginning on or after January 1, 2017.

Those impacted by this amendment may take one of the following steps pursuant to their situation:

  • File an original or amended return to apply for a refund,
  • File an application for a refund if an erroneous payment was previously made, or
  • File a petition for re-assessment if an assessment was previously issued by the Department.

Questions. If you have additional questions or require more information, please visit www.tax.ohio.gov, click on the “Contact” link found at the top right of the page and then choose the “Email Us” option. Taxpayers with additional questions regarding this subject can also contact Individual Income Taxpayer Services at 1-800-282-1780, or at 1-800-750-0750 for the hearing impaired.

 

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Out-of-state companies must pay business tax, Ohio’s top court rules

State of Ohio Taxes More +

By Jay Miller

Crain’s Cleveland Business

Out-of-state businesses that sell into Ohio but have no physical presence will have to pay the state’s commercial activity tax (CAT), the Ohio Supreme Court ruled on Thursday, Nov. 17.

In three 5-2 decisions, the state’s high court ruled that the U.S. Constitution’s commerce clause, which requires a physical presence in a state to allow the state to collect sales tax, does not apply to the CAT.

“(T)he physical-presence requirement recognized and preserved by the United States Supreme Court for purposes of use-tax collection does not extend to business-privilege taxes such as the CAT,” associate justice Willliam O’Neill wrote, affirming a Board of Tax Appeals decision against Virginia-based Crutchfield Corp., one of the three cases decided together.

Justice Sharon L. Kennedy wrote a dissenting opinion in the Crutchfield case arguing that a 1992 U.S. Supreme Court decision saying that a physical presence in a state is required for taxing an out-of-state company, and “we are bound by the court’s prior holdings and by Congress’s inaction on this issue, given its power to regulate interstate commerce.”

In 2005, the Ohio General Assembly overhauled the state’s business tax system and created the CAT, which taxes gross receipts on business transacted in the state. These cases challenged a tax commissioner ruling that transactions by Ohio consumers that result in goods shipped into the state are considered gross taxable receipts subject to the CA

 

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To maximize awareness, the Ohio Department of Taxation is sharing an alert from the Security Summit regarding a new Two Stage E-mail Scheme that targets tax professional. Please visit www.irs.gov for additional information.

Partners, The Internal Revenue Service, state tax agencies and tax industry leaders are warning tax professionals to be alert to an email scam from cybercriminals posing as clients soliciting their services. A new variation of this phishing scheme is targeting accounting and tax preparation firms nationwide. The scheme’s objective is to collect sensitive information that will allow fraudsters to prepare fraudulent tax returns. These latest phishing emails come in typically two stages. The first email is the solicitation, which asks tax professionals questions such as “I need a preparer to file my taxes.” If the tax professional responds, the cybercriminal sends a second email. This second email typically has either an embedded web address or contains a PDF attachment that has an embedded web address. In some cases, the phishing emails may appear to come from a legitimate sender or organization (perhaps even a friend or colleague) because they also have been victimized. Fraudsters have taken over their accounts to send phishing emails. The tax professional may think they are downloading a potential client’s tax information or accessing a site with the potential client’s tax information. In reality, the cybercriminals are collecting the preparer’s email address and password and possibly other information. The IRS urges tax professionals and tax preparation firms to consider creating internal policies or obtain security experts’ recommendations on how to address unsolicited emails seeking their services. One tip: Never respond to or click on a link in an unsolicited email or PDF attachment from an unknown sender. As the IRS, states and the tax industry make progress in the fight against identity theft, cybercriminals are becoming more sophisticated in their efforts to steal additional client information. Criminals need more data in their effort to impersonate clients and file fraudulent returns to claim refunds, and schemes like this can help in this effort. Read more at Protect Your Clients; Protect Yourself, the Security Summit initiative to increase awareness about the tax professional community.

 

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SharedWork Ohio is a voluntary layoff avoidance program that allows workers to remain employed and employers to retain trained staff during

times of reduced business activity. Under a SharedWork Ohio plan, employers reduce employees’ work hours, but employees keep their jobs

and receive prorated unemployment benefits for up to 52 weeks.

 

Employers that do not already have access to Ohio’s unemployment system must register online. To obtain a registration code, call (614) 466-4047.

For more information, call (866) 733-0025, option 3, or visit jfs.ohio.gov/ouc/SharedWorkOhio

 

 

 

 

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What is new hire reporting?

By law, all employers in Ohio must report ALL employees to the Ohio New Hire Reporting Center, including new hires, re-hires, temporary or seasonal hires, and independent contractors.

State and federal laws require all employers to report each new and re-hired employee to the Ohio New Hire Reporting Center within 20 days of the date of hire.

Failure to report a new employee could result in a financial penalty.

Employers are key partners in helping children in Ohio receive the child support they deserve by promptly and consistently reporting new hires. New hire information is used to establish and enforce child support orders.

The following information is REQUIRED on all new hire reports:

  • Employer FEIN
  • Employer name
  • Employer payroll address
  • Employer e-mail, phone, fax
  • Employee social security number
  • Employee name
  • Employee address
  • Date of hire (first day of work)
Include this information if reporting an Independent Contractor:
  • Independent contractor’s name
  • Independent contractor’s address
  • Independent contractor’s Social Security (SSN) or Federal Tax Identification Number (FEIN)
  • Date payment begins
  • Length of time the independent contractor will be performing services for the employer

Why must I report?

Employers serve as key partners in ensuring stability for many children and families. New hire reporting speeds up the child support income withholding order process, expedites collection of child support from parents who have changed jobs, and quickly locates parents to help in establishing paternity and child support orders. New hire reporting helps children receive the support they need.

Who must report?

ALL employers doing business in Ohio must report all newly hired and returning employees. A new employee is considered any individual who is eligible for federal income tax withholding and provides a service to the employer. This includes part-time and temporary employees, and employees returning to work after a period of absence, such as seasonal employees.

An Independent Contractor is defined as “an individual who provides services to an employer as an independent contractor, for compensation that is reported as income other than wages, and who is an individual, the sole shareholder of a corporation, or the sole member of a limited liability company.”

What if I have employees in several states?

If you are a multi-state employer, you may choose to report your new hires electronically to one state. If you choose this option, you must provide written notification of your intent. Contact the Federal Office of Child Support Enforcement to register by visiting www.acf.dhhs.gov .

Reporting your new hires online is fast and simple and will ensure timely receipt of your new hire reports. Visit our website at www.oh-newhire.com to register.

 

Questions? Contact Us:

 

Ohio New Hire Reporting Center
P.O. Box 15309
Columbus, OH 43215-0309
www.oh-newhire.com
Phone: (888) 872-1490
Fax: (888) 872-1611

 

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What is Form I-9?

Form I-9 is used for verifying the identity and employment authorization of individuals hired for employment in the United States. All U.S. employers must ensure proper completion of Form I-9 for each individual they hire for employment in the United States. This includes citizens and noncitizens. Both employees and employers (or authorized representatives of the employer) must complete the form.

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Home > E-Verify > What is E-Verify?

What is E-Verify?

What is E-Verify Monitor ImageE-Verify is an Internet-based system that compares information from an employee’s Form I-9, Employment Eligibility Verification, to data from U.S. Department of Homeland Security and Social Security Administration records to confirm employment eligibility.

Instant Verification of Employment Eligibility

E-Verify’s most impressive features are its speed and accuracy. E-Verify is the only free, fast, online service of its kind that verifies employees’ data against millions of government records and provides results within as little as three to five seconds.

Today, E-Verify is:

  • Used nationwide by more than 600,000 employers of all sizes
  • Used at more than 1.9 million hiring sites
  • Joined by about 1,400 new participating companies every week
  • One of the federal government’s highest-rated services for customer satisfaction

 

ADDITIONAL INFORMATION

 

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Ohio EPA – www.epa.ohio.gov

Training Publications FAQ DEFA Home Forward to a Friend Subscribe

Helping communities and businesses access compliance, technical and financial assistance for their environmental needs.

Ohio EPA Director Craig W. Butler was in Sandusky yesterday to announce the launch of a new online platform whereby Ohio businesses, not-for-profits and government organizations can advertise and acquire scrap and by-product materials that might otherwise be destined for disposal in landfills. The new Ohio Materials Marketplace is a free online platform allowing these organizations to connect and find solutions to material reuse and recycling needs, thereby, facilitating the shift towards a circular, closed-loop economy.

Examples of materials posted on the marketplace (and their potential re-uses) include common items such as bulk wooden pallets (mulch base) or used bricks (building materials). Other items reflect materials from industrial processes such spent foundry sand (to be mixed with potting soil), and specialized items such as spent hydro-treating catalyst (metals recovery).

Along with browsing for materials, users of the marketplace can post “wanted” items, thereby, seeking items that may serve as substitutes for raw materials or other items they currently purchase. Examples of such requests that have been posted thus far include bulk alumina oxide (for metals harvesting/recovery) and bulk food waste in packaging (to be used for aerobic digestion/energy recovery).

In the circular economy, products and by-products recirculate productively through reuse, remanufacturing, recycling and maintenance. Users of the Ohio Materials Marketplace can make or save money by finding a market for their unwanted materials and avoiding landfill tipping fees; buyers save money by having access to sellers’ discounted (or free) materials; Ohio’s environment benefits by having more material removed from the waste stream.

Ohio is the first state in the US to adopt a circular economy program of this scope and scale. This leadership from the Ohio Environmental Protection Agency is paving the way for other states – through a new public-private partnership between the US Business Council for Sustainable Development and the Environmental Council of the States (ECOS) – to launch state-level programs modeled on the Ohio Materials Marketplace over the next few years.

For more information on the Ohio Materials Marketplace and to get involved, please visit the program website at http://ohio.materialsmarketplace.org.

If you have specific questions about the program, please contact Joseph Klatt at materials.marketplace@epa.ohio.gov or 614-644-2798.

 

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The U.S. Postal Service has a mailing service called “Every Door Direct Mail” or EDDM. This is an opportunity for businesses and organizations to send Direct Mail advertisements to specific neighborhoods without the need or cost of mailing lists and permits.

Every Door Direct Mail is a great way that can potentially help increase your business with our advertising tool at USPS.COM

Every Door Direct Mail allows you to reach your local customers easily without names, addresses, or permits. You simply select the neighborhoods in your area based on demographics such as household size, age and income and we deliver your advertising mailpiece to each address. Every Door Direct Mail is relatively inexpensive. For example, currently priced at 18.3 cents per piece you could reach 1000 potential customers for only $183.00.

 

Cynthia M Mravec

Business Development Specialist

Cynthia.m.mravec@usps.gov

U.S.P.S. Northern Ohio

2200 Orange Ave Room 206

Cleveland, Ohio 44101

216-443-4142

www.usps.com

 

EDDM sample Pizza full menu

 

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In the News…Fund for Farmers

The Ohio Ecological Food and Farm Association and a group of Ohio investors are launching a loan fund for entrepreneurs and small- and mid-size sustainable and organic farmers.

The association and a group of Ohio investors have launced the OEFFA Investment Fund, initially putting in $500,000. Loans are expected to be in the $5,000 to $50,000 range. Equity and revenue-sharing agreements will be considered, based on applicants’ requests and other circumstances, the association said.

The fund is open to Ohio-based association members who are farms or related businesses in the agricultural supply chain. Entities receiving money from the fund must commit to support sustainable agricultural products throughout the life of the investment, the association said.

For more information, go online to http://www.oeffa.org/invest.php or call Carol Goland at 614-421-2022, or email oifinfo@oeffa.org.

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Business Taxes and Affordable Healthcare -the Affordable Care Act

From Business.USA.gov

The Virtual Small Business Workshop includes 9 lessons with 3 being identified as follows:

  • What you need to know about federal taxes and your new business;
  • What you need to know about federal taxes when hiring employees or contractors; and
  • How to make tax deposits and file a return to report your payroll taxes.

Please direct all questions to Business.USA.gov

 

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Fun word for merchants…and their customers!

A lagniappe (/ˈlænjæp/lan-yap) is a small gift given to a customer by a merchant at the time of
a purchase (such as a 13th doughnut when buying a dozen), or more broadly,
“something given or obtained gratuitously or by way of good measure.”
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