The Ohio Attorney General has announced on their website that they are automatically extending the following Charitable Registration annual report final filing deadlines.
Ohio Attorney General Extends the Annual Report Filing Deadline Read More »
Recently we received some updated information regarding PPP information for farmers on the interplay between the PPP and USDA programs. See Q&A below. Updated Q/A’s related to PPP: Q: If I receive funds from SBA’s Paycheck Protection Program (PPP) or Economic Injury Disaster Loan (EIDL) program, will I be ineligible for USDA’s forthcoming Coronavirus Food
The IRS has released guidance explaining that a taxpayer who receives funds through the Paycheck Protection Program (PPP) is not permitted to deduct any expenses that were reimbursed by forgiven PPP funds. However, as seen in the article below, the AICPA is challenging that position because they do not feel that was the intent of
IRS Guidance Regarding Deductibility of PPP Expenses Read More »
In a recent joint statement, the Treasury Department and the Small Business Administration (SBA) announced that all businesses who received a Paycheck Protection Program (PPP) loan in excess of $2 million would have the necessity of receiving the loan reviewed. To quote the statement directly: To further ensure PPP loans are limited to eligible borrowers,
Small Business Administration to Review all PPP Loans in Excess of $2 Million Read More »
Recently the Ohio Department of Job and Family Services (ODJFS) sent an informational email regarding COVID-19 work refusals.
Information for Employers regarding COVID-19 Work Refusals Read More »
We have created a 1 page summary of the Pandemic Unemployment Assistance Program.
Coronavirus and Unemployment Insurance Benefits: Expanded Eligibility Summary Read More »
House passes PPP funding bill On April 23, 2020 the House of Representatives approved a bill to give $370 billion in additional funding to the PPP. Read more here from the Journal of Accountancy. SBA gives warning to large companies regarding PPP The Small Business Administration (SBA) also released the following information related to the
House Passes PPP Funding Bill | SBA Gives Warning to Large Businesses Read More »
Farmers will want to consider the interplay between the Paycheck Protection Program (PPP) and different USDA programs. Below is a short summary of PPP for farmers and how that may affect their eligibility with USDA programs. SBA PPP and the USDA Food Assistance Program – Are these conflicting programs?
Farmers – Consider interplay between PPP and USDA Programs Read More »
The Senate has passed additional funding for the Paycheck Protection Program. The House is expected to take up the bill today (Thursday, April 23, 2020). The President has said he will sign the bill. If you did not get an application in already, this most likely will be your last chance. Please work with your
On Tuesday, April 14 the SBA released guidance for Schedule C and Schedule F filers on how they could claim PPP funds based on their net self-employed earnings in 2019. We have prepared an article reviewing these issues as of April 16. See our summary here. See this 4/23/20 post for an update to the
