GJM/EA COVID-19 Stimulus Webinar Recording
Congress reached a deal on a new $900 billion stimulus package just days before Christmas. The president has now signed it and stimulus checks are on their way to many Americans.
The deal comes as the pandemic surges from coast to coast, and after several months of no additional financial help from the government for struggling Americans and their businesses.
A key component of the law, and very welcome news for businesses, is the word that taxpayers will be allowed to deduct costs covered by their Paycheck Protection Program (PPP) loans. The resolution on PPP loan expenses & tax deductibility will ease some frustrations for businesses in the middle of year-end tax planning.
The stimulus package also provides more funding for a new round of PPP loans, stimulus checks for most Americans, and an extension of federal unemployment benefits, among other provisions.
GJM’s Bob Bobek, CPA co-presented a webinar in partnership with the Employers’ Association’s Bob Bethel, SPHR, SHRM-SCP on December 28. They took a closer look at what’s in the stimulus package and what it means for your family and your business. Bob Bobek also covered the latest guidance from the Small Business Administration (SBA) regarding the forgiveness questionnaire for existing Paycheck Protection loans at or over $2 million.
If you were unable to attend the webinar, you now have access to the recording. You can also access other resources in the GJM COVID-19 Resource Center.
As always, you're encouraged to reach out to your GJM team with any concerns or questions.
Established in 1996, Gilmore Jasion Mahler, LTD (GJM) is the largest public accounting firm in Northwest Ohio, with offices in Maumee and Findlay. Locally owned, GJM offers cloud-based accounting and provides comprehensive services including assurance, business advisory, tax, risk advisory, healthcare management and outsourced accounting. The Firm’s professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities.
Get to Know GJM’s Nick Bader
Gilmore Jasion Mahler would like to officially welcome Nick Bader to our team as a Tax Associate. You may have seen him around the office the last couple of years during his internship, but now he’s officially on board. Here’s a fun Q & A with Nick, and a chance to get to know him a bit better.
Describe your role at GJM. My role at GJM is to assist the tax department with the preparation of various tax related projects. I am willing to help out wherever I can add value, but I believe that this is where most of my time will be spent.
When did you start at GJM? I did a tax internship with the firm during busy season roughly two years ago and started full time employment on 11/2/2020.
Why did you choose the accounting industry? I chose the accounting industry after taking several different business classes in college. I enjoyed the accounting classes the most and I found them to be the most interesting. On top of that, I really enjoyed the internship experience I got in accounting and thought it would be a great career to go into.
What do you like best about accounting? The thing I like about accounting is the nature of the work itself. It combines so many things together in a way that makes me feel challenged. Also, I know that I am learning a lot of valuable skills along the way. Additionally, I enjoy that I get a good balance of working as a part of team while also getting to accomplish and develop my own work. I enjoy critical thinking and problem solving which I think accounting allows me to improve on even more.
Are you from the Toledo area originally? If not, where are you from? I grew up in Sylvania, Ohio.
What do you like about living in Northwest Ohio? My favorite part of Northwest Ohio would be weather. I know some people hate the weather here, but I enjoy that we can have 4 distinct seasons. Sometimes winter can last longer than I want it to, but I enjoy the variety of weather we get.
Where did you go to school? I went to the University of Toledo.
Anything you’d like to share about past work/school history? I previously interned with GJM, which was really fun and rewarding. In college I worked as the building manager of the student union and the building supervisor of the rec center.
Do you have any pets, hobbies, family? I have a pet cat. She is a tiny short haired black cat that I got from the humane society. As far as hobbies go, I enjoy basically anything that you can do outside or anything that involves competition. This summer specifically I learned how to play disc golf which was really fun. I come from a big family. I grew up with 4 brothers and 1 sister.
How do you like to spend your free time? I enjoy watching sports, spending time with friends, watching movies/tv shows, and being outside. I also spend a lot of my free time helping to lead the youth group at my church. Apart from that I also like doing nothing sometimes and just spending some time relaxing.
Favorite book? Favorite movie? I am indecisive when it comes to picking favorites, so I might just give a few for each if that is okay. For books I really enjoyed reading Ender’s Game, Fountainhead, and The Little Prince. For movies I Like all of the Lord of the Rings movies, Parasite, and basically any funny movie.
Are you involved in any community organizations, do any volunteer work? I spend a lot of my time volunteering at my church. I help run the youth group there and lead a bible study for high school kids (the picture below shows Nick leading the bible study). In years past I would volunteer for Fellowship of Christian Athletes (FCA) but I am not sure if that will happen this year due to covid.
What is something people may be surprised to find out about you? People may be surprised to find out I am a twin (Nick's twin Alexander also just came on board with GJM).
Anything else you’d like to add? I am excited to be working full time here. I am so thankful to all of you that I have talked to have been so incredibly kind and helpful to me. I am looking forward to getting to know everyone.