Current Events Archives - Page 13 of 19 - HW&Co. CPAs and Advisors

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 […]

Launching a business? How to treat start-up expenses on your tax return

By: David M. Reape

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 […]

New PPP Loan Forgiveness Applications

By: Tony LaNasa

The U.S. Small Business Administration (SBA) has released a revised Paycheck Protection Program (PPP) loan forgiveness application. In addition, there’s now a new EZ application for forgiveness of PPP loans […]

Long Awaited Relief for Medicaid Only Providers

Medicaid only providers, including Intermediate Care Facilities for the Intellectually Disabled (ICF-IID), Assisted Living, and Waiver, finally received some long awaited good news. On June 9, 2020, the Department of Health […]

Ohio Sees Three New Funding Opportunities

Ohio Governor Mike DeWine has signed three new funding opportunities for small and medium-sized businesses in Ohio. Two of the programs offer grants to businesses that either manufacture personal protective […]

Main Street Lending Program: What You Need to Know

By: Tony LaNasa

The Main Street Lending Program (Program) was established by the Federal Reserve to support lending to small and medium-sized businesses impacted by the COVID-19 pandemic. The Program […]

Paycheck Protection Program Flexibility Act Signed into Law

President Trump has signed the Paycheck Protection Program (PPP) legislation known as the PPP Flexibility Act (PPPFA). The bipartisan bill makes several changes to the PPP loan program: Extension of […]

The latest news on nonprofit fraud is here

By: Tony LaNasa

Every two years, the Association of Certified Fraud Examiners (ACFE) publishes what has become the definitive guide for preventing and detecting workplace fraud. The recently released Report to the Nations: […]

Provider Relief Fund Updates

The Department of Health and Human Services (HHS) continues to make payments to healthcare providers from its Provider Relief Fund. At the same time, HHS continues to issue new guidance […]

To survive the current crisis, your nonprofit needs multiple revenue sources

By: Helen Weeber

One of the strongest predictors of a not-for-profit’s long-term survival is multiple revenue streams. Many organizations with only one or two found that out that the hard way when they […]

SBA Releases Guidance on Forgiveness of PPP Loans

By: Tony LaNasa

On Friday, May 22, 2020, the SBA issued a long-overdue interim final rule providing guidance on how forgiveness will work for PPP loans. Below is a summary of how the […]

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