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 […]
Category: Articles
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 […]
Congress has waived the Required Minimum Distribution requirements for 2020
As part of the CARES Act, Congress waived the Required Minimum Distribution (RDM) requirements for 2020. Under existing law, taxpayers have 60 days from the date of distribution to roll […]
Fraud in the family business
Family businesses make up the vast majority of companies in the United States and produce 62% of the country’s gross domestic product, according to the Conway Center for Family Business. […]
Launching a business? How to treat start-up expenses on your tax return
While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses are being launched online to […]
Bureau of Workers’ Compensation Reporting Guidelines
Due to the COVID-19 pandemic, the Ohio Bureau of Workers’ Compensation (BWC) has implemented changes in payroll reporting requirements. This is done in an effort to help ease the economic […]
