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EIDL Loan Amounts Increased to $500,000

 

 

On March 24, the U.S. Small Business Administration (SBA) announced that effective April 6, 2021, the maximum COVID-19 EIDL program loan amount will be increased to $500,000. Previous loan amounts were capped at $150,000.

Quick Highlights of the American Rescue Plan

 

 

Here is a summary of the highlights of the "American Rescue Plan" that is expected to be signed by President Biden tomorrow afternoon.

 

AID TO UNEMPLOYED

Unemployment Fraud Cases Increase in Ohio

 

The state of Ohio has reported a large amount of unemployment fraud cases in the past several months.

If you received a notice regarding unemployment that doesn't apply to you, there may have been a fraudulent claim filed under your name. If you received a PIN in the mail, a 1099-G, or your employer received a notice that you filed an unemployment claim, you need to report the fraud to the Ohio Department of Job & Family Services. Here is a link to the online form to complete and submit.

COVID-19 Business Stabilization Program

 

The COVID-19 Business Stabilization Program established by the City of Youngstown allows eligible for-profit businesses to receive grants of up to $10,000 for reimbursement of eligible expenses incurred since March 01, 2020.

The funding round will run until March 1, 2021, and applications will not be accepted after that date.

To be eligible, businesses must:

SBA Shuttered Venue Operators Grant

 

Are you a theatrical producer, talent representative, venue promoter or do you operate a live venue, live performing arts organization, movie house or cultural institution and have been impacted by COVID-19?

New Information About Round One and Two of PPP Funding

 

The SBA published new information about the PPP on Wednesday, which includes changes for the first round of funding, as well as preliminary guidance for round two.

Here are some of the key changes:

Tax Tips, Resources & News

Our blog, news feeds, forms, and links to helpful resources are provided to help you find the answers you seek any time of the day or night.

Please call us at 330-779-0781 for assistance.  We're here to guide you through your business and personal accounting, tax questions and obligations.

Contact

DJL Accounting & Consulting Group, Inc.
1570 South Canfield-Niles Road #C102
Youngstown, Ohio 44515 

Phone:  330 779 0781

               

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