Blog
Federal Student Loan Rates Drop to Record Lows for 2020-2021
Great news for college students! Federal student loan rates for the 2020-21 school year have dropped to the lowest point ever: 2.75% for both subsidized and unsubsidized undergraduate loans. Please see this chart for additional details. Thank you, Dave Lundregan at...
Ohio Offers Micro-Enterprise Grant Program for Minority- & Women-Owned Businesses
Ohio's Office of Small Business Relief recently announced a micro-enterprise grant program benefiting many of Ohio's small, minority- and women-owned businesses, which have been hard hit by the COVID-19 pandemic. The Ohio Minority Micro-Enterprise Grant Program...
Paycheck Protection Program Flexibility Act Signed; Changes to Benefit Business Owners
Anyone who has taken out a PPP loan should review this Forbes article and the numerous favorable changes to the PPP program.
City Fund Offers Relief For Local Small Business Owners
The City of Columbus is devoting $5.25 million of the $157 million Columbus received from the Coronavirus Aid, Relief, and Economic Security (CARES) Act to the business relief effort, calling it the Columbus COVID-19 Small Business Response and Recovery Fund. The fund...
Now That Your Business Is Opening Back Up, What Employee Concerns Will You Face?
We are always here to address the accounting needs of our business clients, but we are also aware that now, more than ever, businesses are facing some new HR concerns. Business owners have new responsibilities, designed to keep employees and customers safe. Also some...
Receive an Economic Impact Payment in Error?
If you received an Economic Impact Payment (aka: federal stimulus check) in error, you should return the payment as described below: If the payment was a paper check: Write "Void" in the endorsement section on the back of the check. Mail the voided Treasury check...
Several Ohio Counties Have Granted Extensions to Pay Property Taxes
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...
CARES Act Changes To RMDs For 2020
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...
Business Owners: There Are 3 New Tax 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.