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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?  

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

Small business owners can apply to the U.S. Small Business Administration (SBA) for a Economic Injury Disaster Loan (EIDL) advance of up to $10,000.

The IRS has released on their website a tool where you can check the status of your stimulus payment and enter your direct deposit information if IRS doesn’t already have it. Read the News Release regarding this new tool here. You can also see the IRS Website with the new tool here.

The IRS posted a news release on April 9th with some additional information regarding filing deadlines.

The BWC is planning to send up to $1.6 millon to Ohio employers.

Recently we received an email with some helpful links as we go through the coronavirus pandemic right now. We wanted to share some of the links with you. Hopefully you find them helpful.   COVID-19 State Sites: Ohio Indiana Michigan Shelter in Place Order Information by State: Ohio Indiana Michigan Department of Labor Guidance on

Additional FAQs were posted by the Treasury Department concerning the Paycheck Protection Program late Monday evening, April 6, 2020.  You can read the article by the Journal of Accountancy here. As a result of the revised guidance we have changed our PPP worksheet to show the 100,000 limit as only applying to W2 wages- box

After the initial announcement of the economic impact payments, the IRS stated that Social Security recipients would need to file a simple return to receive their recovery rebate. However, the Treasury Department announced in a press release on April 1, 2020 that Social Security recipients would receive their economic impact payment automatically without a requirement