Event will mark Medusa’s opening


January 23, 2014 at 12:00a.m.

Event will mark Medusa’s opening

YOUNGSTOWN

The Youngstown/Warren Regional Chamber will join Medusa Recording Institute LLC owner William Ferraro to mark the opening of the professional audio training group’s new office in Youngstown.

There will be a ceremonial ribbon-cutting at Medusa’s new location at 2403 South Ave. at 10 a.m. Friday.

Small-business owners may file for tax deduction

COLUMBUS

The state tax commissioner is reminding Ohio small-business owners that they may be eligible for a recently enacted tax deduction.

In an alert issued Tuesday, Commissioner Joe Testa urged taxpayers to visit the Ohio Department of Taxation website to learn whether they’re eligible and how to file for a 50-percent write-off on their first $250,000 in business income from 2013.

Testa says a majority of small businesses and entrepreneurships structured as pass-through entities will be eligible for the deduction.

It was enacted last year as part of a package of state tax changes included in Ohio’s two-year state budget.

The value of the deduction is capped at $125,000 of adjusted gross income reported on an Ohio personal income tax return.

MYCAP will host information sessions

YOUNGSTOWN

The Mahoning Youngstown Community Action Partnership will host information sessions for its 2014 Workforce Development Program today and Friday at 1325 Fifth Avenue in Youngstown.

The morning session on each day will last from 9 a.m. to noon. An afternoon session will follow each day from 1 to 4 p.m.

Candidates interested in the Feb. 3 class must attend one of the sessions.

Social Security official will speak at seminar

Canfield

Robert Fenn, a Social Security administrator and public-affairs specialist, will speak at the Mahoning Valley Accounting Society’s Social Security Update Seminar on Friday at A La Cart Catering, 429 Lisbon St.

Registration begins at 8 a.m., with the seminar to follow from 8:30 to 10:30 a.m.

The cost is $15 for members and $20 for nonmembers.

The event counts for two hours of tax-continuing professional education credits.

YBI will manage NAMII-funded project

YOUNGSTOWN

Youngstown Business Incubator is the lead investigator and project manager on a project that will receive $1.3 million in funding from America Makes — the National Additive Manufacturing Innovation Institute.

The project will aim to improve the casting industry through design optimization, increased profitability of low volume work and enhanced turnaround time.

Vindicator staff reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .61, 23.72 .1

Avalon Holdings,5.38—.1

Clear Channel, .61 23.11 .47

Cortland Bancorp, 10.75.25

Farmers Nat., .126.90 .04

First Energy, 2.20, 31.15—1.00

FirstMerit Corp., .64,23.29 .19

First Niles Financial, .32,6.50.00

First Place Fin., .00.00

FNB Corp., .48,12.88.03

General Motors,38.76.42

General Electric, .76,26.04—.25

Huntington Bank, .20, 9.90.03

JP Morgan Chase, 1.52,57.62—.55

Key Corp, .22,14.09.08

LaFarge, 18.85 —.41

Macy’s, 1.00, 55.44—.12

Parker Hannifin, 1.80, 122.58—4.24

PNC, 1.76,84.28.17

RTI Intl. Metals,32.33.36

Simon Prop. Grp.,4.60,157.56—.35

Stoneridge 11.71 .03

United Community Fin. 3.61.02

Selected prices at 4 p.m. Wednesday. Provided by Stifel. Not to be construed as an offer or recommendation to buy or sell any security.