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CARES Act Resources for Small Businesses & Individuals

What you need to know about the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

CARES Act and COVID-19 Articles

Significant Changes Made to the PPP by Act H.R. 7010

 

The House and Senate both passed the Paycheck Protection Program Flexibility Act, H.R. 7010, and it is expected to be signed into law by the President today.

Employers May Defer Payment of Certain Payroll Taxes

 

 

The CARES Act allows employers to defer the deposit and payment of the employer's share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes.

PPP Loan Forgiveness: What Borrowers Can Do Now

 

Now that small businesses and organizations are starting to receive Paycheck Protection Program (PPP) funding, attention has turned to the next and most vital phase: loan forgiveness. If borrowed funds are spent as intended on payroll, mortgage interest, rent and utilities in the eight weeks after receipt, those expenditures are potentially eligible for complete, tax-free forgiveness.

$320 Billion Additional Funding for PPP Signed By President Today!

 

 

Today the President signed a $484 Billion bill that provides $320 Billion in new funding for the Paycheck Protection Program.  It also includes $75 billion for hospitals, $25 billion for coronavirus testing and $60 billion for the Small Business Administration’s Economic Injury Disaster Loan program.

The SBA expects to start taking applications for the second round of funding for the Paycheck Protection Program on Monday, according to SBA Region 5 Director Rob Scott.

Today IRS Unveiled New Tool For Taxpayers To Find Out When Their Check Will Arrive

The Internal Revenue Service today unveiled the new Get My Payment with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information.

With an initial round of more than 80 million Economic Impact Payments starting to hit bank accounts over the weekend and throughout this week, this new tool will help address key common questions. Get My Payment will show the projected date when a deposit has been scheduled, similar to the “Where’s My Refund tool” many taxpayers are already familiar with.

IRS Extends More Tax Deadlines to July 15

 

Last month, the IRS announced that taxpayers have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty, late-payment penalty or interest will be due.

IRS Launching a New Tool To Advise Users When Their Stimulus Check Will Arrive

 

The IRS will help Americans track their stimulus payments with a new tool called "Get My Payment" it expects to launch by April 17.

According to the IRS, the first of the checks were sent out on Saturday.

Already Electronically Filed 2019 Ohio IT 1040? Here's How To Reschedule Payments

 

The Ohio individual income tax and school district income tax returns, payments and estimated payments with due dates from April 15, 2020 through June 15, 2020, have been extended to July 15, 2020.

If you scheduled a payment when you electronically filed the 2019 Ohio IT 1040 return, the payment (including any first two 2020 estimated payments) will be processed on the date you originally chose, and will NOT be automatically rescheduled to July 15, 2020. 

BWC Today Approved $1.6 BILLION Dividend to Ohio Employers

The Ohio Bureau of Workers' Compensation’s Board of Directors today approved to send up to $1.6 billion to Ohio employers this spring to ease the economic impact of the coronavirus (COVID-19) pandemic.

The Board met in a virtual emergency session this morning in response to Ohio Governor Mike DeWine’s call for state agencies to do all they can to help the state’s business community withstand COVID-19’s challenges.

CARES Act and COVID-19 Articles

Significant Changes Made to the PPP by Act H.R. 7010

Employers May Defer Payment of Certain Payroll Taxes

PPP Loan Forgiveness: What Borrowers Can Do Now

$320 Billion Additional Funding for PPP Signed By President Today!

Stimulus Payments: What You Need To Know

Today IRS Unveiled New Tool For Taxpayers To Find Out When Their Check Will Arrive

IRS Extends More Tax Deadlines to July 15

IRS Launching a New Tool To Advise Users When Their Stimulus Check Will Arrive

Already Electronically Filed 2019 Ohio IT 1040? Here's How To Reschedule Payments

BWC Today Approved $1.6 BILLION Dividend to Ohio Employers

Contact

  • Address:DJL Accounting & Consulting Group, Inc.
    Cider Mill Professional Center, Building C-102
    1570 S Canfield Niles Road
    Youngstown, Ohio 44515 
  • Phone:330 779 0781