news

The IRS and the Treasury Department are planning to begin delivering a second round of Economic Impact Payments. Read the IRS News Release here.

On Monday 12/21/20, Congress passed the Consolidated Appropriations Act, 2021, which provides tax deductibility for business expenses paid with forgiven Paycheck Protection Program (PPP) loans, provides additional opportunities for PPP funding, gives $600 stimulus payments to individuals, gives additional unemployment benefits, and provides around $300 billion in aid for small businesses. To read more about

The IRS has announced that their IRS Identity Protection (IP) PIN Program will be available to all taxpayers in January. While this is not a mandatory program, taking advantage of this program can increase the security of your tax return filing. The IP Pin is a 6 digit number assigned to taxpayers who participate in

Recently the IRS issued guidance stating that taxpayers must consider expenses paid with PPP funds as non-deductible expenses even if forgiveness applications have not been approved by December 31, 2020 or if forgiveness applications have not been submitted by December 31, 2020. This guidance has significant tax planning repercussions. All calendar year taxpayers should therefore

The state of Ohio has announced a grant program to distribute federal Coronavirus Aid, Relief and Economic Security (CARES) Act funds to Ohio charitable organizations to “provide assistance to organizations that have accumulated unemployment debt as a result of the pandemic and are devoted to helping Ohioans during difficult times”. Applications for participation in the

The BRSW Paulding office is looking for someone to fill the role of an Assistant Secretary. For more information, see our announcement below. Paulding Office Now Hiring Announcement

**This is a followup to the Grants Available for Eligible Ohio Small Businesses Impacted by COVID web post from 10/29/20** When working with businesses on this Ohio Grant we became aware of the following item that applicants must attest to being true: I certify that the business identified in this application has suffered losses as

Farmers can use deferred payment contracts and prepaid crop inputs as part of their year end planning. You can read our summary by clicking on the link below. Deferred Payment Contracts and Prepaid Crop Inputs Summary

Governor Mike DeWine has designated up to $125 million of funding to provide $10,000 grants to eligible Ohio small businesses who have been negatively affected by the COVID pandemic. The application process opens on November 2, 2020. To learn more and see if you qualify, read our Small Business Relief Act Summary.