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For many business owners, the Paycheck Protection Program loan journey is not over when they receive acknowledgement of loan forgiveness from their local lender and from the Small Business Administration. From a tax perspective, the map that lays out the tax impact...
On July 1, Ohio Gov. Mike DeWine signed House Bill 110 into law approving the state’s $72 billion two-year budget. The biennial budget provides funding for state operations, overhauls K-12 school funding, provides $250 million in broadband support for underserved...
In June, the American Institute of Certified Public Accountants held a virtual Not for Profit Conference, which discussed a range of issues including stimulus funding, changes to tax law, cybersecurity and changes to independent auditors report. Stimulus Funding There...
As we re-open our economy after 16 long months of closure due to the global pandemic, business owners have been forced to pivot in many different areas in order to survive. Looking back at the seemingly split-second decisions many businesses were forced to make, what...
In early June, the U.S. Treasury Department released its general explanations of proposed changes to the U.S. tax code. Please note, the following items have only been proposed. In order to become law, they must pass through both the U.S. House of Representatives and...
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