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Learn MoreThe SBA and Treasury released late Friday evening the long-awaited application to apply for forgiveness of a Paycheck Protection Program (PPP) loan. They also announced they will soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide...
Read MoreThe past nine weeks have been a challenge for all Ohioans as we navigate unchartered waters. However, our Ohio legislators have not let countless obstacles deter them from identifying means to support businesses and employees. Ohio is presently drafting legislation (SB 308) to provide civil...
Read MoreAs we all look to navigate the “new normal” brought about by COVID-19, it’s clear that figuring out the complexities of working during a pandemic will continue for the foreseeable future. Though we’re adjusting in real time, the degree of disruption, coupled by a mostly remote workforce, has...
Read MoreJoining states such as Connecticut, Louisiana, New Jersey, Oklahoma and Wisconsin, Maryland has enacted an elective pass-through entity tax to circumvent the $10,000 cap for the federal state and local tax deductions. While the IRS rendered other state and local tax workarounds ineffective, such as...
Read MoreOn May 13, 2020, the SBA and Treasury issued Interim Final Rule on Loan Increases, allowing partnerships and seasonal businesses to potentially qualify for higher loan amounts from the Paycheck Protection Program (PPP) — even if they have already received a disbursement. Prior to the Interim...
Read MoreOn May 13, 2020, the SBA and Treasury announced a piece of much-awaited guidance related to the Paycheck Protection Program (PPP). FAQ #46 offers relief regarding the certification all PPP loan borrowers must make: “that the current economic uncertainty makes this loan request necessary to support...
Read MoreIn this installment of our “Business Intel” series — helping you monitor, understand and maximize your organization’s liquidity and cash management processes — we provide more detail on specific strategies to make your working capital work for you. When organizations need cash, they often first...
Read MoreThe Small Business Administration (SBA) has extended the repayment deadline for Payroll Protection Program (PPP) borrowers who wish to take advantage of the “good faith” self-certification of eligibility option. The deadline is now automatically extended from May 7, 2020, to May 14,...
Read MoreAs we continue to monitor and interpret state responses and guidance related to the COVID-19 pandemic, Hannah Prengler offers additional analysis regarding Ohio’s relief efforts for businesses, including: Ohio House Bill 197, Ohio’s conformity to the CARES Act, Employer opportunities with...
Read MoreAs states continue to offer tax return filing, payment deferrals and other assistance measures in light of the COVID-19 pandemic, we take a closer look at Wisconsin. Learn more about relief efforts identified in other states in which our firm is located in our easy-to-use spreadsheet...
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