Current Events Archives - Page 6 of 19 - HW&Co. CPAs and Advisors

Congress asks HHS to extend deadline to expend PRF funds and clarify guidance

By: Paula Reape CPA LNHA

As the June 30, 2021 deadline to expend Provider Relief Fund (PRF) draws near, there is still conflicting guidance and no reporting mechanism deadline. In addition, there are still billions […]

Tax Credits for Employers Providing Paid Leave Related to COVID-19 Vaccinations

The American Rescue Plan Act of 2021 (ARPA) allows businesses (including tax-exempt organizations), with fewer than 500 employees, to claim refundable tax credits for the cost of providing paid sick […]

Restaurant Revitalization Fund Details Revealed

The Restaurant Revitalization Fund (RRF) relief program application portal will be tested in a week-long trial ahead of the application launch. Following the pilot, the application portal will be opened […]

ARPA: Unemployment Partially Excluded from Income for Some Taxpayers

By: David M. Reape

A little-reported provision of the American Rescue Plan Act of 2021 (ARPA) – Unemployment Benefits Received in 2020 May Be Partially Excluded from Income for Some Taxpayers Many Americans found […]

PPP Deadline Extension is Signed Into Law

The Paycheck Protection Program (PPP) application deadline formally changed from March 31 to May 31, 2021, when the PPP Extension Act of 2021 was signed into law this week. The […]

Appendix K Payment Approved – Additional Funding for Ohio Home and Community Based Services DD Providers

Additional Relief Payment Approved The Ohio Department of Medicaid (ODM) and the Ohio Department of Developmental Disabilities (DODD), with financial support from Ohio’s county boards of developmental disabilities, have […]

New Ohio Tax Conformity Bill Passes

Big tax news out of Columbus on March 24th. Ohio Legislature approved a tax conformity bill and voted to move the tax deadline to May 17th. Both items await Governor […]

More Economic Impact Payments: Watch Mail for Checks, Debit Cards

The IRS announced the next batch of Economic Impact Payments will be issued this week. Many of these are coming by paper check or a prepaid debit card. How will […]

ARPA proposes to help “rescue” nonprofits

By: Helen Weeber

No one needs to tell nonprofit organizations how tough the past year has been. According to the John Hopkins Center for Civil Society Studies, 7.7% of not-for-profit workers — nearly […]

Business highlights in the new American Rescue Plan Act

By: David M. Reape

President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best known for the provisions providing relief to individuals, there are […]

What’s in the American Rescue Plan Act (ARPA)?

By: Tony LaNasa

The American Rescue Plan Act, 2021 (ARPA) was signed by President Biden on March 11, 2021 to help businesses, nonprofits and individuals affected by COVID-19. The legislation extends and expands […]

New Guidance on Employee Retention Credit

On March 2, 2021, the U.S. Department of the Treasury (Treasury) and IRS released Notice 2021-20 (Notice), which provides guidance on the Employee Retention Credit (ERC) under the Coronavirus Aid, […]

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