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CPA’s Clark Schaefer Hackett | Additional PPP Funding, But How Long Will It Last?

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Round 2: SBA’s Paycheck Protection Program Is Back – For Now

Faced with overwhelming demand, the original Small Business Administration’s PPP funding passed in March lasted just two weeks. As such, many businesses missed out on the funding or received inadequate funds to cover their needs. Additional funding is coming soon – here’s what you need to know.

     

Deferral of Employment Tax Deposits and Payments

Under the Coronavirus, Aid, Relief and Economic Security (CARES) Act, employers that have received a PPP loan can defer their share of FICA tax payments until their loan is forgiven.

     

Ohio Bureau of Workers’ Compensation Dividend

Recently, the Ohio Bureau of Workers’ Compensation Board approved a $1.6 billion dividend for Ohio employers. Find out what this means and when employers can expect checks.

Looking for additional COVID-19 guidance? Visit our Coronavirus Resource Center

 

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