by Demetrius Robinson | Jan 11, 2021 | Finance, Government
By Demetrius Robinson The Small Business Administration (SBA) has reopened the Paycheck Protection Program (PPP) for applications for either a first initial draw of PPP funds (First Draw) or a second allocation (Second Draw), authorized under the Economic Aid to...
by Demetrius Robinson | Jan 7, 2021 | Finance, Government
By Demetrius Robinson The IRS has issued official guidance rescinding IRS Notice 2020-32 and Rev. Rul. 2020-27 concerning the deductibility of eligible expenses used under the Payroll Protection Program (PPP). Last year, the Internal Revenue Service issued IRS Notice...
by Justine Konicki | Dec 23, 2020 | Finance, Government, Individuals and Family
By Justine Lara Konicki As part of the CARES Act, Congress provided certain relief for student loans. Among other things, the bill suspended the payment on all student debt owned by the U.S. Department of Education, set a 0% interest rate on these loans and paused...
by Scott Norcross | Dec 21, 2020 | Finance, Government, Individuals and Family
By Scott Norcross, Demetrius Robinson & Stephanie Mercado Congressional leaders have agreed to a $900 billion pandemic relief bill outlined over more than 5,500 pages of text. A vote is imminent this evening approving the package, which will provide relief to...
by James P. Sammon | Dec 14, 2020 | Finance, Government, Individuals and Family
By Jim Sammon & Kyle Stroup [12/21/2020 UPDATE: Congress has brokered a deal on a more than $900 billion coronavirus economic relief bill, expected to be passed by the House and Senate on Monday. President Trump is expected to sign it.] Food preparation and...
by Alexis Preskar | Dec 13, 2020 | Employment, Government
By Alexis Preskar The Ohio Bureau of Worker’s Compensation (BWC) began distributing $5 billion in dividends to employers Thursday that Governor Mike DeWine requested in late October. As we originally reported here, this is the third major dividend request the Governor...