Deadline to Expend Ohio CRF Extended and Other Stimulus Bill News
Some good news as we approach the end of 2020. President Trump signed the $900 billion pandemic relief bill into law on December 27, 2020. Following is a summary of […]
Category: Current Events
Congress Passes $900 Billion COVID Relief Bill
The U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill 12/21, that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides […]
Update on $900 Billion Stimulus Bill
Congress is set to vote on a $900 billion pandemic relief package, finally delivering long-sought cash to businesses and individuals. The package includes a new round of Paycheck Protection Program […]
HHS Begins Payment of over $24 Billion in Phase 3 Provider Relief Funds
Health Resources and Services Administration (HRSA) has completed review of Phase 3 applications from the Provider Relief Fund (PRF) program and has begun to distribute $24.5 billion to over 70,000 […]
SBA Discloses Borrower Information Related to PPP Loans
On December 1, 2020, The U.S. Small Business Administration (SBA) released detailed information about borrowers who had received Paycheck Protection Program (PPP) loans. U.S. District Judge James Boasberg ordered the […]
BWC Providing Up to $15,000 in Air Quality Assistance
The Ohio Bureau of Workers Compensation (BWC) is offering $28 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding as reimbursement for eligible applicants to help improve […]
PPP Loan Expenses: What’s Deductible?
The simple answer is, we’re not sure yet. This week, the IRS issued Revenue Ruling 2020-27 which provides additional guidance on the non-deductibility of expenses paid with PPP loan proceeds […]
Families First Coronavirus Response Act (FFCRA)
Now that we’re coming up on the end of the year, many employers may be wondering about filing for the FFCRA tax credit. They may have employees who took the […]
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 […]
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 […]
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. […]
