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Debra Rodway's blog

Tax To-Do-List For Newlyweds

 

Marriage changes many things and taxes is one of them. Newlyweds should know how tying the knot can affect their tax situation.

Restaurant Revitalization Fund Registration Begins Friday

 

Registration for the Restaurant Revitalization Fund (RRF) will begin Friday, April 30 at 9 a.m. EDT and SBA will begin accepting applications via the application portal on Monday, May 3 at 12 p.m. EDT. The application portal will remain open to any eligible establishment until all funds are exhausted.

What You Need To Know About The Restaurant Revitalization Fund

 

The SBA has just released a program guide and sample application for the Restaurant Revitalization Fund (RRF). RRF provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.

Train Your Employees With Ohio's Tech-Cred Reimbursement

 

 

Ohio's TechCred Program gives employers the chance to upskill current and future employees, and receive reimbursement for outlays covering tuition, lab fees, manuals, textbooks and certification costs, up to $2,000 per credential.

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.

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:

Will Your Business Qualify For The 2nd Round of PPP Loans?

 

The new coronavirus stimulus package that just passed Congress provides for certain small businesses to apply for a second Paycheck Protection Program loan through March 31, 2021. Small businesses that have already taken out a PPP loan and used up the funds may qualify for another loan through this program. Rates are fixed at 1% with a two-year term, you can apply for up to 100% forgiveness, and the loan requirements are more restrictive than the first round of PPP funding.

Tax Tips, Resources & News

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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.

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

Phone:  330 779 0781

               

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