Note: each county appears to have their own new due date! Belmont (from July 20, 2020 to August 21, 2020) Cuyahoga (from July 20, 2020 to August 13, 2020) Delaware (from July 20, 2020 to August 20, 2020) Franklin (from July 20, 2020 to August 5, 2020) Geauga (from...
2020 is a unique year as far as required minimum distributions (RMDs) are concerned. The CARES Act has suspended the requirement for most 2020 IRA distributions–including some 2019 distributions that you might have personally elected to delay until 2020. For our...
The IRS wants to remind business owners of 3 new credits available to companies hit by COVID-19. Please click the links to learn more about how your business can benefit from the Employee Retention Credit, the Paid Sick Leave Credit and the Paid Family Leave Credit....
Recently, a number of our clients were unable to apply for the Payroll Protection Program before the first round of money ran out. Today Congress approved additional funds, so we encourage those who qualify to move quickly to secure loans from this second round of...
Many small businesses are feeling the strain created by the coronavirus restrictions. We encourage our clients who would benefit from a Paycheck Protection Program (PPP) loan to take advantage of it. In this Forbes article, author Jason Freeman breaks down the...
We are still receiving questions from a number of our clients in regards to the Economic Impact Payments (EIP). Here is a recap of the qualifiers, a helpful flow chart (below) and useful links for more information. Who Qualifies? Individuals with an adjusted gross...