news

The Van Wert Chamber of Commerce recently announced the Small Business Relief Program, which provides grant funds for eligible Van Wert County small businesses (30 or fewer employees) to reimburse for COVID-19 related expenses incurred from March 1, 2020 through the date of the application. See the link below for eligibility requirements and a listing […]

Recipients of PPP loans of $50,000 or less will be able to apply for forgiveness using a simplified application. PPP borrowers of less than $50,000 are also exempted from forgiveness reductions for reducing full-time equivalent employees and reducing employee salary or wages. 68% of the total loans approved by the SBA were less than $50,000,

For individuals who got an extension on their personal tax return, those tax returns are due Thursday, October 15th, which is 4 weeks from this Thursday. If you have not gotten us all of your tax information yet, please get us that information so that we can complete your return. To see more information from

We have created a summary sheet to provide guidance related the Payroll Tax Deferral. Click below to view the article. Payroll Tax Deferral Guidance

For those who received PPP funds, there are probably questions related to the timing and details related to PPP forgiveness. This article gives information with tips and information regarding what is known at this point. PPP forgiveness: No need to rush, and other tips

The IRS continues to open up (including taxpayer phone lines) after closing some of their operations due to COVID-19. Read more in these articles: Big News As IRS Opens Taxpayer Phone Lines & More IRS Operations During COVID-19: Mission-critical functions continue

The House and Senate have both unanimously passed a 5 week extension of the Paycheck Protection Program (PPP), and President Trump is expected to sign the bill. The PPP deadline was originally June 30, and with the 5 week extension, the new deadline is August 8th. For anyone who had a PPP application in process

The SBA and the Treasury Department have announced that they will be publishing the names and amount ranges for any PPP loans over $150,000. As seen in the following AICPA article: Business names, addresses, NAICS codes, zip codes, business type, demographic data, not-for-profit information, jobs supported, and loan amount ranges will be disclosed. Read more

Reminder to Clients- The deadline for filing for a PPP loan is Tuesday June 30, 2020. Read more in the article below from the AICPA: New PPP guidance addresses maturity dates, loan amounts

The SBA and the Treasury recently made new PPP loan forgiveness applications available, which reflect some new changes to the PPP forgiveness details. Read more about the updates and see links to the new forgiveness applications in this article from the AICPA. Some of the recent updates include: a simplified application for self-employed borrowers the