Last week, a number of our members were recognized by state and global enterprises for their innovation and success.
Ohio is having a sales tax holiday this weekend beginning Friday, August 4, 2017 at 12:00 a.m. and ending Sunday, August 6, 2017 at 11:59 p.m. This means that an item of clothing priced at $75 or less, schools supplies priced at $20 or less per item or an item of school instructional material priced at $20 or less will all be exempt from sales and use tax.
Get prepped for the upcoming school year and support local businesses as you enjoy a tax free weekend. Franklin Park Mall has been a member of the Toledo Regional Chamber of Commerce for nearly 50 years and they are looking forward to a successful weekend.
By: Ken Finley, Sr. Rate Analyst, V+A Risk Services
Have you been keeping track of your Ohio Bureau of Workers’ Compensation (BWC) premiums during these last couple of months? I have helped many employers get a handle on the moving parts that make up their BWC premiums. Remember, for this article, we are always talking about the State’s fiscal year that begins July 1. Here’s a brief summary of what is happening (much of it good)!
VALHALLA, N.Y., June 27, 2017 – USI Insurance Services (“USI”) has entered into an agreement with Wells Fargo & Company (“Wells Fargo”) (NYSC:WFC), to purchase Wells Fargo Insurance Services USA (WFIS), which includes its Insurance Brokerage and Consulting, Employee Benefits and Property & Casualty national practices, along with Safehold Special Risk, Small Business Insurance, Student Insurance, Individual Health and Private Risk Management Insurance business lines. Terms of the transaction were not disclosed. The transaction is expected to close fourth quarter 2017, subject to, among other customary conditions, expiration or termination of the waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended.
By: Charlie Chambers, Lead Consultant, Small Business Development Center
Working with small businesses since the recovery from the last recession I have noticed a disturbing trend. A number of small businesses have come to me seeking assistance that have made some serious mistakes that are really hard to overcome. One of the issues I see a lot is past due taxes. Both federal and State income tax and local property taxes. Business owners are surprised and disappointed to learn the banks and credit unions have little or no interest in loaning money to an individual that owes these back taxes. Think about it: If the business owner was unable to pay a tax liability, what makes the business owner think someone else will take the risk of not getting paid back?
By: Colleen Kardasz, Director Ohio SBDC Export Assistance Network
By: Tim Schneider, Manager Local Government Advocacy
One of the largest Outdoor Refreshment Areas in Ohio went live Thursday, June 15 in downtown Toledo. The Downtown Outdoor Refreshment Area (DORA) allows patrons to carry an open beverage of alcohol outside in a designated cup provided at one of 24 participating restaurants, pubs and entertainment venues within a perimeter bounded by Lafayette, Adams, Erie and Summit Streets.
By: Matt Hoverman, Director of IT Consulting, Gilmore Jasion Mahler, LTD
The clock is ticking. The deadline is just around the corner. Do you know if your company will be required to comply with the European Union’s new General Data Protection Regulation (“GDPR”)?
Are you selling products to China, working with companies or entrepreneurs who want to sell to China, or even just thinking about selling products in the Asia Market? There is an event coming up in Detroit that you may be interested in! Gateway ’17 hosted by the Alibaba Group will be in Detroit June 20-21 at the Cobo Center. Alibaba is China’s largest online commerce company, and your gateway to tapping into the growing demand for U.S. products in China.
Contributors: Frank and Amanda Viviano, Emily Dammeyer
Frank and Amanda Viviano moved back to the Toledo Region from San Diego in 2015 to get involved with the family business, Bartz Viviano Flowers and Gifts, Inc. With stores located in Toledo and Oregon, the Vivianos are excited to join the family business, which has been serving the region since 1964.
Both Amanda and Frank are actively involved in EPIC Toledo and have been since early 2016. They believe that EPIC Toledo plays a vital role in shaping the Toledo Region and they are proud to support the organization and be a part of the forward thinking energy in Toledo.