Mike DeWine and Ohio Bureau of Workers' Compensation (BWC) Administrator/CEO Stephanie McCloud yesterday proposed giving up to $1.6 billion to Ohio employers to ease the economic impact of the coronavirus (COVID-19) pandemic.

BWC’s Board of Directors will hold an emergency virtual meeting Friday to vote on the proposed dividend, which equals 100% of the premium employers paid in policy year 2018.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, provides automatic suspension of principal and interest payments on federally-held student loans through September 30, 2020. These suspended payments will count towards any student loan forgiveness program.

Here are some of the key points.

Here is a link to the application you need to complete and submit to a participating lender to apply for the SMALL BUSINESS PAYCHECK PROTECTION PROGRAM.

DJL Accounting & Consulting Group cares about our clients, employees, local businesses and neighbors. Your financial wellbeing and overall health and safety is our number one priority. 

In response to the recent COVID-19 (Corona Virus) concerns, we have implemented our business contingency plans as a precautionary step. 

Scammers are aware that people are catching on to their attempts, so they’re coming up with new ways to convince Social Security beneficiaries that their frauds are legitimate. Because Social Security scams are increasingly common – even more common than IRS scams – it’s important to help educate others and raise awareness of these evolving tactics and how to identify and report scam attempts.

With Christmas only about a week away, we're all busy preparing for the holiday. However, if you haven't already taken care of these items, you should take the time to complete these tasks before the end of the year to get ready for 2020 taxes.

Charitable Contributions

Take extra care and watch out for scams during the busy holiday shopping period and in advance of the 2020 tax season.

More than 90% of all data thefts begin with an email phishing scam. But, you also need to watch out for scam letters, phone calls and social media posts.

Here’s what you need to know to protect yourself:

Do you find yourself in a cash crunch too often? The solution could be shortening the amount of time it takes to collect your accounts receivable.

Here are 5 Tips to help you get your money faster:

Are you paying for higher-education for yourself or a dependent? Don't overlook the tax credits offered by the IRS.

There are two credits available to help taxpayers offset the costs of higher education:  The American Opportunity Tex Credit and the Lifetime Learning Credit. 

Employers who provide paid family and medical leave to their employees might qualify for a credit that can reduce the taxes they owe. Here are some facts about the credit to help employers determine if they are able to claim it.

To be eligible, an employer must:

Have a written policy that meets several requirements. Provide: