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Small businesses eligible for disaster assistance loans from SBA

The Small Business Administration (SBA) has made up to $2 million in Economic Injury Disaster Loans available for small businesses in designated disaster zones. Below we have highlighted what you need to know about these low-interest loans and how they may be used. Small businesses are now eligible for up to $2 million in Economic …

On March 20 it was announced that Tax Day has been postponed from April 15 to July 15 to coincide with the delayed tax payment deadline at the direction of President Trump. Treasury Secretary Steven Mnuchin announced the postponement via Twitter and said all taxpayers and businesses will have until July 15 to file and …

As we reach the next stage of the COVID-19 crisis, our main concern is for the health and safety of our staff and their families. As you all know, the Governor has put the State of Ohio in a “stay at home” status. Even though we are considered an “essential” industry, we need to be …

Congress passed and President Trump signed the Families First Coronavirus Response Act (FFCRA) on March 18, 2020; it will become law 15 days after the signing. The bill provides paid sick leave, free coronavirus testing, expansion of food assistance and unemployment benefits, and requires employers to provide additional protections for health care workers. For employers …

The April 15 tax payment deadline for individuals and corporations has been extended 90 days in an effort to provide relief by the U.S. government in the wake of COVID-19 for related business closures and self-isolation requests across the country. While tax payments are postponed, the filing deadline remains April 15. Six-month extensions to file …

For the health of yourself and our employees, we urge clients to use the following methods for any transfers of information between yourself and our employees. Our Drop Boxes at both locations -These boxes are located to the left of the door in Norwalk, and to the right of the door in Sandusky. Any information …

n June of 2019, the Supreme Court heard arguments in a case where the State of North Carolina levied an income tax on a trust beneficiary. The trust had no connection to the State of North Carolina except for the residence of a beneficiary. The beneficiary was not the trustee and had no power over …

Many small business owners approach tax season with a can-do attitude. This is admirable, but when it comes to compliance, it is usually best to leave tax preparation to the experts. Being aware of common mistakes, like failing to comply with tax laws, violating tax codes, or incorrectly filling out forms, will help you avoid …

We would like to share with you the final regulations regarding the exclusion amounts when computing federal gift and estate taxes. See below for a summary of the changes, and follow the link for more information. If you have any questions regarding gift and estate taxes, please contact our office! Background. Generally, gift and estate …

When you run a small business, you wear more than just one hat, but is budget master one of them? When it comes to protecting your bottom line, your budget plays a critical role. A smart budget accurately sets the tone for the timeline of your project; it also determines the people you hire and …