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    Tax Planning Tips for Year-End 2020

    We’re encouraging our clients to plan for Tax Year 2020 (January 1, 2020 - December 31, 2020). April 15, 2021 will be the tax deadline for 2020 tax returns. Tax planning throughout the year is critical, and we expect this year to be no different (especially considering the year we’ve all had!).   Read More...

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    Richland County/Mansfield COVID-19 Small Business Emergency Relief Grant Program

    The Richland Area Chamber has partnered with Richland County and the City of Mansfield to launch the Richland County/Mansfield COVID-19 Small Business Emergency Relief Grant program, which provides grants for small businesses to help pay costs associated with business interruption due to the COVID-19 pandemic. Businesses with 2-20 FTEs can apply for up to $7,500; businesses with less than two FTEs can apply for up to $2,500.The grant applications are DUE by 11:59 p.m. this coming Sunday, Septemb...  Read More...

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    Don't Rush to Apply for PPP Loan Forgiveness

    While many Paycheck Protection Plan (PPP) recipients are eager to apply for loan forgiveness, experts are urging them to wait. The U.S. Small Business Administration (SBA) and Treasury have yet to release FAQs that many hope will address PPP-related issues, and the loan forgiveness application still needs to be revised to include the latest five-week extension of the program (the new deadline is August 8).   Read More...

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    SBA Paycheck Protection Program Declared a Success by Mnuchin, The Shealy Group Assisted Clients in Securing Loans

    On July 6, 2020, the U.S. Small Business Administration (SBA), along with the Treasury Department, published detailed information regarding loans made under the Paycheck Protection Program (PPP), and the results met with praise from officials, including Secretary Steven T. Mnuchin.“PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in o...  Read More...

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    COVID-19 Resources and Information

    We want to share important updates and information that we feel may be useful to our clients during this season impacted by the COVID-19 outbreak. To that end, we have compiled a list of resources you may find helpful. Please continue to check our blog regularly for updates. Health Recommendations:U.S.   Read More...

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    Unique Approach to the 2018 Tax Cuts and Jobs Act Results in Major Tax Benefits for Local Manufacturing Business

    MANSFIELD, OH.  Ohio Valley Manufacturing, Inc. (OVM) and The Shealy Group partnered to create significant tax savings for OVM by maximizing the benefits found in the Tax Cuts and Jobs Act (TCJA).In 2018, OVM reached out to The Shealy Group, a CPA and business consulting firm with extensive experience in the manufacturing industry, upon learning of their reputation for generating significant tax savings for select clients by taking advantage of specific regulations enacted by the TCJA.After...  Read More...

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