Update: Ohio Extends Tax Deadline to May 17th
March 18, 2021
The Internal Revenue Service (IRS) announced Wednesday that the deadline to file individual federal income tax returns for the 2020
Category: Tax Law
Happy Holidays! New Small Business Relief Is On The Way
December 22, 2020
Just in time for the holiday season, the much anticipated second round of COVID-19 relief has been approved by the
IRS Issues Guidance on PPP Loan Covered Expense Deductions
November 19, 2020
This article applies to all those businesses which applied for and received a loan in 2020 through the Paycheck Protection
Estate Planning Implications of 2020 Election
November 19, 2020
With Joe Biden as the President-elect and the fate of the Senate to be determined, one may want to consider
5 Million Pieces of Mail Go Unopened Due to IRS Backlog
October 9, 2020
The Internal Revenue Service (IRS) is currently experiencing a backlog of over 5 million pieces of mail, about half of
IRS Issues Guidance on Presidential Order to Defer Payroll Taxes
August 31, 2020
On August 8, 2020, President Trump issued a Presidential Memorandum directing the Secretary of the Treasury to use his authority
CARES Act Allows Coronavirus-Related Relief for Retirement Plans and IRAs
June 26, 2020
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides for special rules concerning coronavirus-related distributions, rollovers, loans, and
UPDATE: New Legislation Brings Added Flexibility to the Paycheck Protection Program
June 5, 2020
Since its enactment in March, the Paycheck Protection Program (PPP) has disbursed billions of dollars to small businesses struggling during
SBA Releases Paycheck Protection Program Loan Forgiveness Application
May 18, 2020
On Friday, May 15th, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application together with
New SBA Guidance Extends PPP Safe Harbor Deadline to May 18th
May 15, 2020
In response to public scrutiny concerning Paycheck Protection Program (PPP) loans being disbursed to large companies like Shake Shack, the