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Ohio Restaurants and Bars Can Apply for New Assistance Program

Submitted by Debra Rodway on Mon, 2020-10-26 14:58

 

The state of Ohio has created a $37.5 million fund to help bars and restaurants that have been hurt by the COVID-19 pandemic, called the Bar and Restaurant Assistance Fund.

New Grant Program Announced To Help Ohio Small Businesses

Submitted by Debra Rodway on Mon, 2020-10-26 14:48

 

If your business has been affected by the pandemic, be sure to apply!  If your business qualifies, you can apply for this new grant program even if you also applied for/received the Mahoning County Small Business Relief Grant. This is a different grant.

The application process opens November 2 at businesshelp.ohio.gov.

Grants will provide $10,000 to small businesses in Ohio with no more than 25 employees.

Second Dividend Checks Issued to Ohio Employers

Submitted by Debra Rodway on Wed, 2020-10-21 08:22

 

A second round of dividend checks from the Ohio Bureau of Workers Compensation will be mailed toOhio employers beginning this week through the end of October.  The dividends equal 100 percent of the premium employers paid in policy year 2019.

The money is being given back to employers in response to Governor DeWine's request in August that the Ohio BWC Board of Directors approve a second dividend to provide financial support for public and private employers impacted by the ongoing pandemic.

You May Qualify For Small Business Relief Grants: Mahoning & Columbiana Counties

Submitted by Debra Rodway on Tue, 2020-10-06 11:11

 

 

A Small Business Relief Grant with a maximum of $10,000 is available to qualifying small businesses in Mahoning and Columbiana Counties.

Eligible business include for profit, not for profit, and sole proprietor businesses that meet the following general criteria:

IRS Issues Guidance on Implementing Payroll Tax Deferral

Submitted by Debra Rodway on Wed, 2020-09-02 15:24

On Aug. 28, the IRS issued Notice 2020-65 to provide guidance on how to implement the Executive Memorandum on payroll tax deferral. This memorandum instructs the Secretary of the Treasury to defer the withholding, deposit, and payment of the tax imposed on the employee portion of the Social Security tax of 6.2%.

The employer is responsible to collect and remit any deferred taxes. 

Keep in mind that this is a deferral and nothing in the memorandum explicitly forgives this amount nor can it without an act of Congress. 

National Restaurant Association Proposes Changes to PPP Loans

Submitted by Debra Rodway on Wed, 2020-08-12 16:27

The restaurant industry has suffered significantly with sales and job losses since the COVID-19 outbreak began. To show the economic impact to the industry, the National Restaurant Association prepared an infographic to report the results of a survey they conducted in April of more than 6,500 restaurant operators nationwide. 

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