The Treasury and Small Business Administration (SBA) have announced some burden relief for small business with PPP Loans, including a safe harbor for good faith need is automatically applied to those who received loans of less than $2,000,000 – welcome relief for many smaller organizations grappling with PPP loan forgiveness
Estate Planning Is for Everyone Thanks to Hollywood, “estate plan” may conjure up images of a family all dressed in black, sitting in a dark, wood-paneled library in a sprawling mansion, and listening to a deceased relative’s lawyer while wondering who’s going to inherit the yacht. While that may make
The Supreme Court’s landmark 2018 ruling in the South Dakota V. Wayfair case changed the rules for when out-of-state businesses across a wide range of industries are required to collect and remit sales tax. (surprise – it’s not just retail!). What the Wayfair ruling changed Prior to the ruling, businesses
Fundraising is at the core of most nonprofit organizations’ success. Yet, finding the individuals and companies that believe in your mission enough to support you financially is only the start. Keeping them involved with your organization as active donors, involving the board in raising funds, utilizing the funds in a
Risk management is an essential area for many companies. Focusing on key issues such as process review and optimization, system functionality and policy compliance are key steps in this process. More and more management is relying on internal auditors to help address strategic issues and manage existing and emerging enterprise
The Ohio Incumbent Workforce Training Voucher Program is designed to provide financial assistance to train employees and improve competitiveness of Ohio’s employees. It will provide reimbursement to eligible employers for costs incurred during the course of training. On September 22nd, the Ohio Incumbent Workforce Training Voucher Program released
We’ve Got Your Back Murphy’s Law says, “Anything that can go wrong, will go wrong.” And while Murphy was a pessimist, he was also smart. When business disputes arise, you’d like to think that reason would prevail. But sometimes it doesn’t. And when that happens, it pays to be prepared
Kentucky Corporate Income Tax – KY Business Investment Program Any business entity engaged in manufacturing, agribusiness, nonretail service or regional/national headquarters is eligible for the program. Kentucky counties are designated “enhanced incentive” eligible by meeting at least one of the three following criteria: counties with an average annual unemployment rate
U.S. citizens, residents, and entities who have either a financial interest in and/or signature authority over a foreign financial account may be required to file a report annually with the Department of Treasury. The Report of Foreign Bank and Financial Accounts (officially FinCEN Form 114, but more commonly referred to
The holiday season can be a wonderful time of the year but it is also a time when there is an increase in telephone-related scams. Tax scams can take on many different forms. Taxpayers need to keep their guard up against sophisticated and aggressive telephone scams. There is currently an
The Small Business Administration (SBA) has begun sending Paycheck Protection Program (PPP) Loan Statement of Need Questionnaires to review the good-faith certification of economic need that borrowers made on PPP loan applications over $2 million. Form 3509 is for for-profit businesses, while Form 3510 applies to non-profit entities. The PPP
Franklin County Common Pleas Court Upholds H.B. 49 A February 21, 2018 court decision ensures that centralized filing of municipal net profits taxes will continue in the coming months and also upheld all of the other municipal tax provisions recently promulgated in House Bills 5 (2014) and 49 (2017). Franklin