BREAKING NEWS

Richard C. Fedorovich to Receive H. Peter Burg Award

Richard C. Fedorovich has been selected as the 2023 recipient of the H. Peter Burg Economic Development Leadership Award, presented by the Greater Akron Chamber.

Articles & Publications

SECURE Act 2.0 Makes Sweeping Changes to Retirement Plans

In December 2022, Congress passed an omnibus spending bill that included a significant portion dedicated to the Secure 2.0 Act of 2022, which makes significant changes and enhancements to retirement planning laws in the United States. We’ve included a. Read More >>

Designing a 401(k) Matching Program to Meet Your Objectives

We’ve found over the years that it can be challenging to get employees to set aside money for their retirement. By providing a matching contribution to your employees, you are helping to incentivize them to put their own money. Read More >>

SBA Speeds Up PPP Loan Forgiveness Process

The U.S. Small Business Administration (SBA) has published new guidance to simplify and speed up the forgiveness process for Paycheck Protection Program (PPP) loans of $150,000 or less. In their 29-page interim final rule (IFR), the SBA is introducing. Read More >>

SBA Eliminates PPP Loan Necessity Questionnaire

We reported last month that the Small Business Administration (SBA) was planning to withdraw its controversial Loan Necessity Questionnaire for Paycheck Protection Program loans of $2 million or more. In a notice sent July 9, the SBA officially stated. Read More >>

The Changing Face of the Employee Benefit Plan Limited Scope Audit

As we noted last month, the Employee Retirement Income Security Act of 1974 (ERISA) requires that employee benefit plans with 100 or more eligible participants are required to have their financial statements audited annually, which should be attached to. Read More >>

SBA To Withdraw Paycheck Protection Program Loan Necessity Questionnaire

The American Institute of Certified Public Accountants (AICPA) yesterday reported that the Small Business Administration (SBA) plans to withdraw its highly controversial loan necessity questionnaire. Last fall the SBA published Form 3509 – Loan Necessity Questionnaire in an attempt. Read More >>

Restaurant Revitalization Fund: SBA to Open Registration April 30

Yesterday, the SBA announced that applications will be opened beginning Friday, April 30, 2021. Registration for the program will open at 9 a.m. EST on April 30, with the doors opening for application submissions starting at noon EST on. Read More >>

Restaurant Revitalization Fund: Grant Opportunities Available Soon

As we’ve now surpassed the one-year mark since the global pandemic first began, it’s hard to deny that the restaurant industry has been one of the hardest-hit sectors during this time. The Restaurant Revitalization Fund (RRF) relief program was. Read More >>

Paycheck Protection Program: Moving from Application to Forgiveness

Since the pandemic began, we have been monitoring and reporting on the Paycheck Protection Program (PPP), as well as all of the guidance and modifications resulting from several acts of Congress. With nearly four million PPP loans already approved,. Read More >>

Paycheck Protection Program Application Deadline Extended 60 Days

After sailing through the U.S. House of Representatives, the U.S. Senate approved the extension of the filing deadline for Paycheck Protection Program (PPP) applications by 60 days and provides an additional 30 days for the U.S. Small Business Administration. Read More >>