Tax

Don’t fear the PPP unveiling

When the Treasury Department and Small Business Administration announced last week that they will release the names of businesses that received $150,000 or more…

Treasury and SBA Announce Agreement on Providing Identities of PPP Borrowers

An issue orbiting the Paycheck Protection Program (“PPP”) loan this year is the public disclosures of the PPP borrowers. Earlier in the year, the…

SBA Releases Updated PPP Loan Forgiveness Application Forms

On June 17, 2020, the SBA issued updates to its PPP Loan Forgiveness Application Forms (Form 3508) based on changes made by the PPPFA…

IRS Offers Tax Relief to Individuals Impacted by COVID-19 for Retirement Plan Distributions and Loans

Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, qualified individuals can receive favorable tax treatment for distributions from eligible retirement plans, as…

Federal Reserve Releases Guidance on “Main Street Lending Program”

With all the buzz around the COVID-19 pandemic hardship loan programs, the Main Street Lending Program (MSLP) is probably one that you’re least familiar…

A Dozen Reasons to Review Your Financial and Estate Plans

In the face of volatile times and uncertainties caused by the COVID-19 pandemic, there are countless reasons to review and update your financial and…

Proposed Regulations & FAQs for Not-for-Profit Organizations to Keep on Their Radar

The IRS Releases Proposed Regulations on Wage Excise Tax and FAQs on NOL Carrybacks The IRS has stayed busy during the pandemic, offering guidance…

A Business Guide to COVID-19

Navigating recovery, continuity and growth We believe challenging times carry valuable lessons, even if they aren’t apparent in the moment. So even in this…

The COVID-19 Crisis Impact on the Agriculture Industry

Congress has acted quickly to provide industry-wide relief during these uncertain economic times due to the COVID-19 pandemic, including: Coronavirus Preparedness and Response Supplemental…

Indiana $10,000 Small Business Restart Program

Indiana has recently announced a new business grant that is available to certain small Indiana companies that have not taken advantage of the federal…

President Signs the “Paycheck Protection Program Flexibility Act of 2020” into Law

Capital Corner – Sikich’s Analysis of Tax Developments in Washington WATCH THE WEBINAR On June 5, 2020, the President signed H.R.7010, “The Paycheck Protection…

Maureen Aebi Featured in Financial Advisor

Maureen Aebi was quoted in an article by Financial Advisor. In this piece, Maureen provides insight on opportunity zones (OZ) qualifications, safe harbor and…

Manufacturers Ahead of the Reopening Curve – A Roundtable Recap

As employees across the country return to work and leave their home offices behind, we look to our friends in the manufacturing and distribution…

House Sends to Senate Legislation Relaxing Some PPP Loan Forgiveness Rules

Capital Corner – Sikich’s Analysis of Tax Developments in Washington While the COVID-19 pandemic has slowed many parts of the country, Congress has continued…

PPP Loans: Do I Need an Economic Uncertainty Study?

Background On March 13, 2020, President Trump declared the COVID-19 pandemic of sufficient severity to warrant an emergency declaration for all states, territories, and…

Ray Lampner Featured on the Ohio Society of CPAs’ Podcast

Ray Lampner appeared on the Ohio Society of CPAs’ State of Business podcast. Ray discussed navigating the Paycheck Protection Program, lending his expertise to…

Tax Savings Under the New Rules for Donating IRA Required Minimum Distributions

Senior citizens that previously itemized deductions when filing income tax returns can now look to IRA assets to contribute donations through making Qualified Charitable…

SBA Releases Forgiveness Application Form for PPP Loans

WATCH OUR WEBINAR ON LOAN FORGIVENESS HERE The recent CARES legislation was designed to provide an economic stimulus during the Coronavirus pandemic. One of…

Navigating COVID-19 for Liquidity Opportunities: Construction and Real Estate Industry

Reports from the Small Business Administration (SBA) indicate that the construction industry received the most significant share of the Paycheck Protection Program (PPP) loans….

Extended Business Tax Incentives Benefiting the Construction and Real Estate Industries

As 2019 ended, Congress passed the Taxpayer Certainty and Disaster Tax Relief Act as part of an omnibus spending package, the Further Consolidated Appropriations…

Tax