Late Friday night, the Treasury and the Small Business Administration (SBA) issued 26 pages of new guidance on the Paycheck Protection Program (PPP) forgiveness rules that were issued on May 22. These new Interim Final Rules build upon what. Read More >>

Jim Merklin discusses how businesses’ and individuals’ benefit plans are being impacted by the SECURE Act AND CARES Act, which was put in place as a result of COVID-19.   Read More >>

On Friday, May 15th the SBA released the PPP loan forgiveness application and instructions. These instructions do provide insight into the direction that SBA is moving with this process; however, this is not the long-awaited forgiveness regulation. Regulations will soon be. Read More >>

There has been a lot of discussions (and news coverage) around businesses with access to liquidity receiving Paycheck Protection Program (PPP) loans. SBA has been addressing these questions in their Paycheck Protection Program Frequently Asked Questions (albeit not very. Read More >>

As part of the $2.2 trillion coronavirus stimulus package, known as the CARES Act, $349 billion was initially allocated to small businesses as loans. Administered through the Small Business Administration, the Paycheck Protection Plan (PPP) provided small businesses with. Read More >>

It’s not hard to correlate the current situation with previous economic downturns and recessions. While the recovery of 2018 was quick, there are new, more crippling factors at play with the COVID-19 shutdown which has already had global economic. Read More >>

On April 14, 2020, the U.S. Small Business Administration issued a new interim final rule that provides further guidance on several key areas of uncertainty surrounding the Paycheck Protection Program (PPP). We’ve highlighted the key areas of this new guidance. Read More >>

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) permits employers to defer the deposit and payment of the employer’s share of social security taxes and self-employed individuals to defer payment of certain self-employment taxes, that otherwise would. Read More >>

Some good news for Ohio businesses. To help Ohio’s economy and business community withstand COVID-19’s challenges, which include temporary business closings, stay-at-home orders and the record number of unemployment assistance, the Ohio Bureau of Workers’ Compensation’s Board of Directors. Read More >>

The COVID-19 shutdowns and stay-at-home orders are especially impacting small businesses. Without the normal influx of customers, businesses are struggling to pay rent, keep their employees and stay afloat. The historic stimulus package not only provides business loans to. Read More >>