Tax Responsibilities if Your Business Closed Amid the Pandemic
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If your business closed, we’re here to assist you in any way we can, including taking care of the […]
Category: Articles
Payroll Tax Deferral: Updated Guidance
The IRS recently posted guidance on how to report the deferral of withholding, depositing, and paying of certain payroll tax obligations, as authorized by the Aug. 8, 2020, presidential memorandum […]
SBA Issues New Questionnaire for Larger PPP Borrowers
The Small Business Administration (SBA) has begun issuing loan necessity questionnaires to Paycheck Protection Program (PPP) borrowers with loans over $2 million. SBA will use the questionnaire as they review […]
No Season Is the Right Season for Ghost Employees and Other Payroll Scams
Ghost stories can be good fun, particularly this time of year. Ghost employees, on the other hand, are trouble for employers. They may be just as fictional as the paranormal […]
DeWine Requests $5 Billion Dividend from BWC for Ohio Employers
On Wednesday, October 28, Gov. Mike DeWine requested the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors approve a $5 billion dividend that would provide relief to Ohio businesses. […]
New Business? It’s a Good Time to Start a Retirement Plan
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees. There are several types of qualified plans that are […]
Ohio to Offer $429.5 Million in CARES Act Funds to Businesses, Individuals & Nonprofits
In an announcement on Friday October 23rd, Governor DeWine stated nearly half of Ohio’s $900 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act funding will be dispersed to […]
HHS Updates Provider Relief Reporting Guidance for Lost Revenues
On October 22, 2020, the Department of Health and Human Services (HHS) issued a policy memo revising its guidance for reporting on Provider Relief Funds received by healthcare providers over […]
Why Your Nonprofit Must Make Time for Accountability
“Accountability” may seem like one of those popular management concepts you know would be nice to implement if your not-for-profit had the time and budget. But not only is accountability […]
Welcome to 21st Century Forensic Accounting
Forensic accountants are engaged for a wide variety of assignments, among them investigating fraud, auditing internal controls and quantifying damages associated with legal disputes. All of these require attention to […]
The 2021 “Social Security Wage Base” is Increasing
If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing. The Social Security Administration recently announced that the maximum earnings […]
Candid Communication Can Help Ease Nonprofit Staffers’ Anxiety
It would be an understatement to say 2020 has been challenging. Leaders of not-for-profits still standing are justified in worrying about strained budgets and their ability to deliver on their […]
