IRS halts ERC processing for 2023
As of September 14, 2023, the IRS has placed a moratorium in processing any new ERC filings through the end of calendar year 2023.
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Outlook
News, views, and ideas shaping the future.
Chris Luckhaupt
- Aug 16
- 5 min
The IRS warns businesses about ERTC scams
Beware of fraudsters hyping the ERTC! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone & emails
Cassady Schiller
- Aug 4, 2021
- 3 min
SBA streamlines forgiveness for smaller PPP loans
The SBA has eased the process of forgiving a PPP loan. Here’s how.
Cassady Schiller
- Jul 22, 2021
- 3 min
PPP forgiveness and repayment: What businesses need to know now
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
Cassady Schiller
- Jul 22, 2021
- 4 min
Inflation: The Economic Buzz Word of 2021
This year everyone is talking about inflation. Prices are increasing across markets on groceries, lumber, DIY materials, and homes.
Joey Schroeder
- Jul 20, 2021
- 4 min
Potential refunds when working from home
The intersection of taxes & working from home has been an area of interest & recently the state of Ohio has addressed a couple of issues.
Brian Stautberg
- Jun 29, 2021
- 4 min
Here come the child tax credit payments: What you need to know
If you have children age 17 or under, it’s critical to understand the recent changes made to the child tax credit.
Chris Luckhaupt
- May 19, 2021
- 2 min
Restaurant Revitalization Fund (RRF) Closing Date
Given the overwhelming interest in the program, the SBA has announced a quick closure of the RRF application window.
Chris Luckhaupt
- Apr 28, 2021
- 6 min
Restaurant Revitalization Fund (RRF) Application Date
The Restaurant Revitalization Fund (RRF) is a new grant to financially aid businesses in the Restaurant and Hospitality industry.
Chris Luckhaupt
- Apr 1, 2021
- 2 min
EIDL loans, restaurant grants offer relief to struggling small businesses
Could your small business or restaurant use a tax-advantaged loan from the SBA? A recently passed COVID-relief act offers a couple options.
Chris Luckhaupt
- Mar 31, 2021
- 2 min
PPP application deadline extended
Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the latest on the loan program.
Chris Luckhaupt
- Mar 25, 2021
- 4 min
Summary of the Ohio Senate Bill 18
For those subject to Ohio income tax, the Ohio legislature has now adopted many of the federal provisions and extensions passed by Congress
Mike Hawkins
- Mar 25, 2021
- 2 min
COBRA provisions play critical role in COVID-19 relief law
For business owners, the ARPA contains many provisions of interest. Companies that must provide COBRA coverage should read up on the new sub
Chris Luckhaupt
- Mar 11, 2021
- 7 min
Summary of the American Rescue Plan Act of 2021
The package, containing Senate amendments, was passed mid-day Wednesday by the House with an expected signature by President Biden on Friday
Chris Luckhaupt
- Mar 5, 2021
- 6 min
Important ERTC Considerations Prior to Filing 2020 Tax Returns
Monday afternoon, March 1, 2021, the IRS released Notice 2021-20 providing guidance for employers claiming the Employee Retention Tax Credit
Chris Luckhaupt
- Mar 4, 2021
- 7 min
New Schedule C PPP Loan Amount Calculations
Wednesday, March 3, 2021, the U.S. SBA announced applicant-friendly, non-retroactive, revisions to the PPP calculation to potentially increa
Chris Luckhaupt
- Feb 23, 2021
- 3 min
President Biden Revises PPP2
Yesterday President Biden announced changes to PPP 2.0, to focus funding on minority-owned and small biz.
Jen Frost
- Feb 19, 2021
- 2 min
Building customers’ trust in your website
The COVID-19 pandemic has driven demand for secure online transactions. Do your company’s customers really trust your website?
Chris Luckhaupt
- Jan 8, 2021
- 6 min
New Guidance for Paycheck Protection Program (PPP2)
We have summarized both the changes and important points for the purposes of applying for a PPP2 loan.
Chris Luckhaupt
- Jan 6, 2021
- 8 min
Summary of Provisions in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act
Bypass the 5,000+ page legislation. We have proactively summarized this new stimulus bill into two parts for personal and business benefits.
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