Articles

Fraud in the family business

Family businesses make up the vast majority of companies in the United States and produce 62% of the country’s gross domestic product, according to the Conway Center for Family Business. Generally defined as companies that are majority owned by a single family with two or more members involved in their management, family businesses can be […]

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Launching a business? How to treat start-up expenses on your tax return

While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses are being launched online to provide products and services to people staying at home. Entrepreneurs often don’t know that many expenses incurred by start-ups can’t be currently deducted. You should […]

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Bureau of Workers’ Compensation Reporting Guidelines

Due to the COVID-19 pandemic, the Ohio Bureau of Workers’ Compensation (BWC) has implemented changes in payroll reporting requirements.  This is done in an effort to help ease the economic impact of the state of emergency on Ohio businesses. The changes address the fact that many employees have been working from home or furloughed.  Additionally,  […]

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New PPP Loan Forgiveness Applications

The U.S. Small Business Administration (SBA) has released a revised Paycheck Protection Program (PPP) loan forgiveness application.  In addition, there’s now a new EZ application for forgiveness of PPP loans as well. This revised application reflects changes as a result of the PPP Flexibility Act (PPPFA), which was signed into law June 5, 2020.  The […]

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