IRS Extends Federal Tax Deadline to May 17, 2021

The IRS announced this week that the federal tax deadline is extended to May 17, 2021. Here's how GJM clients should proceed.

Manufacturers & Pandemic Relief Update

GJM Assurance Partner Bob Bobek, CPA presented a webinar to the Marion Area Chamber of Commerce Manufacturers Council on March 15, 2021. Bob presented an update on the Paycheck Protection Program and other pandemic relief, including changes to the Employee Retention Credit (ERC)....

American Rescue Plan Signed Into Law

The President has signed into law a new $1.9 trillion pandemic relief package. Here's a helpful summary of what's in it from our partner RSM.

Senate Approves Biden Pandemic Relief Bill

The US Senate has approved the bill, now headed to President Joe Biden for his signature. This article from the Journal of Accountancy has a summary of some of the key elements of the package bringing more aid to Americans and their businesses.

New PPP Rules Allow Use of Gross Income - Posted March 4, 2021

This Journal of Accountancy article details new rules just out from the SBA that allow the self-employed to use gross income to determine their PPP loan amount. Click for details.

PPP Two-Week Exclusive Access For Certain Businesses

A two-week exclusive period for Paycheck Protection Program access starts today for certain businesses. Read the details in this summary from our alliance firm RSM.

Biden administration announces some changes to PPP - Posted February 22, 2021

The Biden administration is creating some changes to the Paycheck Protection Program to help smaller businesses get more access to financial help. Read the details in this article from the Journal of Accountancy.

Update on Proposed Stimulus Package - Posted February 9, 2021

Update: Coverage from the Associated Press of Monday's developments related to the new proposed stimulus package under the Biden administration. We now have a clearer idea of who would receive stimulus checks.

Ohio Governor Mike DeWine Announces $1 Billion Dollar Business Stimulus Plan

Governor DeWine and Lt. Governor Husted have unveiled a plan to strengthen and grow Ohio businesses working to recover from the impact of the COVID-19 pandemic. Follow the link to read the news release from the governor's office.

Unemployment Benefits ID Theft Scam

Scammers are going after unemployment benefits and filing fake claims. This Journal of Accountancy article has a nice explainer of what to do if this happens to you.

PPP Portal Reopens - Posted January 19, 2021

The Paycheck Protection Program Portal reopens today for lenders to submit applications for first and second draw PPP loans. Here are the details from the US Department of Treasury.

Expansion and Changes to the Employee Retention Credit - Posted January 18, 2021

An extension of the Employee Retention Credit (ERC) will be welcome news to businesses with PPP loans. GJM's Lauren Webber outlines what your business needs to know.