The U.S. Small Business Administration (SBA) published new guidance on July 28, 2021, designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection Program (PPP) loans of $150,000 or less. In a new interim final rule (IFR), the SBA introduced a COVID Revenue Reduction Score that can be used […]
Read the full articleThe Small Business Administration (SBA) has officially launched a streamlined Paycheck Protection Program (PPP) loan forgiveness portal. The portal will allow small-business owners with loans of $150,000 or less to apply for forgiveness directly with the SBA. The SBA’s portal was announced earlier in July, as well as its efforts to allow small-business owners to […]
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Forensic accountants are professionals who have received specialized training to uncover fraud and protect against fraud threats. They’re uniquely qualified to review financial statements and business records and to interview employees to find evidence of misrepresentations and theft. In many cases, they’re able to help recover missing funds. So if you suspect fraud and possibly […]
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Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being nondeductible both by an officer and the corporation unless proper steps are taken. This issue is more likely to arise in connection with a financially troubled corporation. Deductible vs. non-deductible […]
Read the full articleThe Ohio Department of Medicaid (ODM) has finalized the fiscal year (FY) 2022 Medicaid rates for Ohio nursing facilities (NF) effective 7/1/2021 to 12/31/2021 using the provisions in the biennium budget bill, HB 110, including a partial rebasing of peer group prices and additional funding for the quality incentive payments. The statewide average 7/1/2021 Medicaid […]
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