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Quick Highlights of the American Rescue Plan

Submitted by admin on Thu, 2021-03-11 13:01

 

 

Here is a summary of the highlights of the "American Rescue Plan" that is expected to be signed by President Biden tomorrow afternoon.

 

AID TO UNEMPLOYED

Unemployment Fraud Cases Increase in Ohio

Submitted by Debra Rodway on Tue, 2021-02-16 10:47

 

The state of Ohio has reported a large amount of unemployment fraud cases in the past several months.

If you received a notice regarding unemployment that doesn't apply to you, there may have been a fraudulent claim filed under your name. If you received a PIN in the mail, a 1099-G, or your employer received a notice that you filed an unemployment claim, you need to report the fraud to the Ohio Department of Job & Family Services. Here is a link to the online form to complete and submit.

COVID-19 Business Stabilization Program

Submitted by Debra Rodway on Fri, 2021-02-12 15:29

 

The COVID-19 Business Stabilization Program established by the City of Youngstown allows eligible for-profit businesses to receive grants of up to $10,000 for reimbursement of eligible expenses incurred since March 01, 2020.

The funding round will run until March 1, 2021, and applications will not be accepted after that date.

To be eligible, businesses must:

SBA Shuttered Venue Operators Grant

Submitted by Debra Rodway on Tue, 2021-01-12 16:46

 

Are you a theatrical producer, talent representative, venue promoter or do you operate a live venue, live performing arts organization, movie house or cultural institution and have been impacted by COVID-19?

New Information About Round One and Two of PPP Funding

Submitted by Debra Rodway on Fri, 2021-01-08 11:51

 

The SBA published new information about the PPP on Wednesday, which includes changes for the first round of funding, as well as preliminary guidance for round two.

Here are some of the key changes:

Will Your Business Qualify For The 2nd Round of PPP Loans?

Submitted by Debra Rodway on Tue, 2020-12-22 16:37

 

The new coronavirus stimulus package that just passed Congress provides for certain small businesses to apply for a second Paycheck Protection Program loan through March 31, 2021. Small businesses that have already taken out a PPP loan and used up the funds may qualify for another loan through this program. Rates are fixed at 1% with a two-year term, you can apply for up to 100% forgiveness, and the loan requirements are more restrictive than the first round of PPP funding.

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Please call us at 330-779-0781 for assistance.  We're here to guide you through your business and personal accounting, tax questions and obligations.

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