Author Archives: Christopher S. Vonau
FEMA Provides Funeral Assistance for Those Who Have Lost Loved Ones to COVID-19
Unfortunately, it has now become somewhat of a cliché, but this has been a very tough year for many of us and our family, friends, and clients. Our prayers go out especially to all of those who have lost loved ones to the terrible COVID-19 pandemic. In a little publicized part of the American Rescue […]
COVID-19 UPDATE: SBA Issues Updated PPP Loan Forgiveness Application and Instructions
Yet another change to the Forgiveness Application and the accompanying instructions. Our friends at GBQ have put together another great article on those changes as well as some general guidance as to how it will affect the process of applying for forgivness. Check it out here: SBA Issues Updated PPP Loan Forgiveness Application and Instructions – […]
COVID-19 UPDATE – PPP Reform Bill Signed into Law – HIGHLIGHTS
On Friday, June 6, 2020, President Trump signed the Paycheck Protection Program Flexibility Act (PPPFA), which significantly changed the Payroll Protection Program to address concerns raised by several recipients of these funds. This article highlights the “Need to Knows:” Trump Signs New Law Relaxing PPP Rules: What You Need To Know – Forbes. Some of the […]
COVID-19 Update – PPP Forgiveness Application – SBA Guidelines and Clarifications
Finally, we have a bit more clarity on some of the burning questions that many of us have had regarding the forgiveness application process. GBQ has yet again published a great article that is worth reading in terms of some of the main highlights of recent guidance issued by the SBA. Here is the first […]
COVID-19 UPDATE – HERE IS AN IMPORTANT CONSIDERATION TO ALL OF YOU WHO HAVE RECEIVED A PPP LOAN
The general rule for income taxes is that an amount of a loan or other financial obligation that is forgiven is taxable income to the person that was obligated. Part of the PPP loan enabling statute indicates that any forgiveness under the PPP will not cause the amount forgiven to be taxable. The IRS has […]
COVID-19 More PPP/ EIDL Funds Coming – Resources from GBQ Partners LLC
For those that did not get your PPP loan before the tap ran dry, the “water” is likely going to turn on again. On Tuesday evening, April 21, 2020, the Senate approved a $480 billion relief package which will authorize the Paycheck Protection Program (PPP) to spend an additional $310 billion. Although the legislation has […]
COVID-19 – Helpful Webinar on COVID-19 PPP Loan and Debt Forgiveness
I am very pleased to have met and come to know Erin Merten of Doyle HCM, Inc. She recently sent me the following, which she and GBQ have so graciously permitted me to share: “Employers are being forced to make hard decisions, so I thought I would pass along some resources that may be helpful […]
COVID-19 PPE and Cashflow Issues
As the Governor indicated today (April 8th) in his press conference, the medical profession needs more personal protection equipment (PPE), especially masks. I know many of our construction clients are required to wear these masks under OSHA regulations and safety standards. Battelle has the ability to “recycle” masks so do not throw them away. Create […]
COVID UPDATE – NEW Ohio Stay Home Order – Extended until Midnight May 1, 2020
Governor DeWine announced that Dr. Acton signed a new Stay at Home Order for Ohio today, April 2, 2020. Here is the Amended Order: Amended Ohio Stay at Home Order. The Amended Order changes a good deal but the big change is the duration of the Stay at Home Order has been extended until midnight […]
COVID-19 UPDATE – SBA Loans & CARES Act Loans (PPP)
I attended this presentation: It provided a good overview of the two different loans that are now available to assist businesses deal with the effects of this virus. Even if you do not anticipate being crippled by this, it is my recommendation to look forward beyond your current financial state and think about the months […]
