Additional Loan Options for Struggling Small Business Owners
There are a couple additional loan options for small business owners who are struggling right now: the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). The PPP offers applicants funds in the form of loans that can be fully forgiven when...
An Update of Recent Tax Changes Due to Coronavirus
2019 Personal tax returns do not need to be filed until 7/15/20. 2019 taxes due, as well as 1st quarter estimated tax payments, are not due until 7/15/20. NOTE: 2nd quarter estimated tax payments are still currently due on 6/15/20! 2019 IRA & HSA payments can be...
Latest Information from the US Small Business Administration
[vc_row][vc_column][vc_column_text] The US Small Business Administration (SBA) will work with borrowers directly. (UPDATE: Please click here for the SBA’s Disaster Assistance Loan Application.) The state of Ohio has to declare an emergency (they anticipate that...
New Procedures for a Smooth Tax Season at Nichols & Co.
Dear Valued Clients, By now, I am sure that all of us are keenly aware of the spread of the Coronavirus (COVID-19) and the devastating effects it can have. We are committed to high-quality customer service with low-touch, best practices for the remainder of the tax...