SBA Provides Safe Harbor to PPP Borrowers with Loans Less than $2 Million
May 13, 2020
The Small Business Administration (SBA) released Frequently Asked Question #46 today for the Paycheck Protection Program (PPP). FAQ #46 asks,
Category: Tax Law
Small Business Administration Clarifies Eligibility Requirements of Paycheck Protection Program Applicants
May 7, 2020
In a prior post (see Small Business Administration Issues “Fraud Warning” to Paycheck Protection Program Applicants), I wrote about the
No Expense Deduction for Forgiven PPP Loan Amounts
May 1, 2020
By now everyone should be aware of the Paycheck Protection Program (“PPP”) that enables small businesses to obtain favorable loans
Small Business Administration Issues “Fraud Warning” to Paycheck Protection Program Applicants
April 28, 2020
In response to public backlash surrounding large and profitable companies obtaining loans under the Paycheck Protection Program (PPP), the SBA
Ohio Announces 2020 Back-to-School Sales and Use Tax Holiday
April 28, 2020
Ohio will provide back-to-school shoppers with an August sales tax holiday. The holiday will begin on Friday, August 7, 2020
IRS Releases Temporary Procedures on Claiming Quick Refunds of Credit for Prior Year Minimum Tax Liability and NOLs
April 17, 2020
On April 13, the IRS released guidance to provide temporary procedures to fax certain Forms 1139 and 1045 in order
IRS Warns Taxpayers to be on the Lookout for Coronavirus-Related Scams
April 16, 2020
In a prior post (see IRS Issues Warning About Coronavirus-Related Scams) we relayed information from the IRS, warning of potential
New Guidance for Self-Employed Persons Seeking Paycheck Protection Program Loans
April 16, 2020
Certain provisions of the CARES Act are intended to provide immediate assistance to businesses suffering from the economic shutdown during
Off-Premises Alcoholic Beverage Sales Not Exempt From Ohio Sales Tax
April 15, 2020
In response to one of Governor DeWine’s executive orders regarding the pandemic, the Ohio Liquor Control Commission permitted certain liquor
Ohio Sales and Use Tax Deadline Approaching
April 14, 2020
In a prior post (see Ohio Extends Income Tax Filing and Payment Deadlines) I discussed Ohio’s income tax filing and