Team Member Spotlight: Darren Cook
This quarter we are featuring Darren Cook, an accounting assistant, in our Team Member Spotlight! Darren is one of the newest members of The Shealy Group; he joined our firm in February of 2020. Darren moved to the United States from Australia in 2016, and he has...
Child Tax Credit for 2021
The IRS recently made changes to the child tax credit as part of the American Rescue Plan Act. Significant changes to the tax credit include: The amount of the credit has increased for certain taxpayers. The credit is fully refundable, meaning you can receive it even...
Tips on Effective Debt Management for the Consumer
Debt! Sometimes it’s good; sometimes it’s bad….and it can definitely contribute to stressful situations and relationships. Although most of us don’t love the thought of owing money to others, debt can sometimes be helpful: for example, student loans (when planned for...
The Wingman Mentality: Go Big AND Go Home
Brian Bennett and Andrew Coleman recently wrote a book entitled Go Big AND Go Home, which opens with the following quote by L. P. Jacks: “A master in the art of living draws no sharp distinction between his work and his play; his labor and his leisure; his mind and...
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...
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...
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...
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...
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...
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...