Steer clear of the Trust Fund Recovery Penalty
If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty” because it applies to […]
Category: Articles
New PPP Extension Bill Signed
On July 4th, President Donald Trump signed a bill which re-opened the application window for the Paycheck Protection Program (PPP) until August 8. The five-week extension had been passed by […]
Appealing to the next generation of supporters
Factors such as wealth level, education and even whether people volunteer, probably will tell you more about potential donors than their generation. But some broad generalizations about age can help […]
Senate approves 5-week PPP extension
The U.S. Senate unanimously passed a five-week extension of the Paycheck Protection Program (PPP) on June 30, 2020, only a few hours before the application window on the program was […]
PPP Loan Forgiveness Calculator
The Loan Forgiveness Calculator uses available guidance from the Small Business Administration and Treasury, along with interpretations of that guidance (see notes throughout) to estimate the amount of a PPP […]
Ohio Excludes Forgiven PPP Loan Proceeds from CAT Taxation
The State of Ohio has joined other states in excluding forgiven Paycheck Protection Program (PPP) Loans from taxation. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed by Congress, […]
Accounting Recognition for PPP Loans
The AICPA recently updated a technical accounting guide that provides accounting options to borrowers of the Paycheck Protection Program (PPP) Loan. The guide is in the form of a Technical […]
Haven’t filed your 2019 business tax return yet? There may be ways to chip away at your bill
The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and filing deadlines that otherwise would have fallen on […]
SBA Updates on PPP Loan Forgiveness
The U.S. Small Business Administration (SBA) released a new Interim Final Rule (IFR) which revises two previously-released IFRs. These IFRs deal with Paycheck Protection Program loan forgiveness and SBA loan […]
Medicaid Targeted Distribution Updates
At the time of initial publication, the enhanced provider relief portal was only for the Medicaid, CHIP and Dental providers but it has since been expanded to include the “second chance” providers […]
Payroll Based Journal Waiver Ended and Other Five-Star Updates
In this CMS memo dated June 25, 2020, CMS addressed changes to staffing information and quality measures posted on the Nursing Home Compare Website and Five Star Quality Rating System […]
Chief Executive names Ohio in the top ten best states for business
Chief Executive surveys CEO’s around the U.S. to determine their annual list of “Best & Worst States for Business.” This year, Ohio is again a top 10 best state for […]
