Articles & Publications

Paycheck Protection Program: Potentially Adding $300+ Billion to Support Small Businesses

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 >>

We’re feeling it, too.

To Our Valued Clients and Friends, The stimulus package and relief programs hit at a very crucial time for many businesses, including our own. But even with some relief provided for the near-term future, we know it continues to. Read More >>

Survival During the COVID-19 Recession: Protect Your Cash

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 >>

SBA Issues Additional Guidance on Self-Employed Paycheck Protection Program Loans

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 >>

Treasury and IRS Issue Guidance on Payroll Tax Deferrals – and it’s better than expected

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 >>

Ohio Employers to Receive Dividend from Bureau of Workers’ Compensation

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 >>

Paycheck Protection Program Loan Forgiveness: Timing is Everything

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 >>

SBA Modifies Paycheck Protection Program Guidelines

Late on April 2nd, the SBA released its playbook for issuance of loans under the Paycheck Protection Program (PPP) on the Federal Register in the form of an “Interim Final Rule.” This means that banks are now authorized to. Read More >>

Treasury Modifies SBA Loan Regulations

Under the coronavirus relief package, nearly $350 billion was allocated to the Small Business Paycheck Protection Program to help businesses with 500 or fewer employees with loans of up to $10 million. The loans will be forgiven if businesses. Read More >>

Ohio Governor DeWine Signs COVID-19 Related Legislation

On March 27, 2020, Ohio Governor Mike DeWine signed into law Ohio House Bill 197 (HB 197), which provides emergency relief to Ohioans during the COVID-19 pandemic. This legislation includes several tax provisions for individuals and businesses. To align. Read More >>