BLOG

    Brixey & Meyer Blog

    Borrower Application Forms: First & Second Draw PPP Loans

    Posted by Alan Greenwell on Jan 12, 2021 12:31:18 PM

    On January 8, 2021, the U.S. Small Business Administration (SBA) released the Borrower Application Form, SBA Form 2483, for businesses applying for a First Draw PPP Loan or requesting an increase in their First Draw PPP Loan. Existing borrowers seeking a Second Draw PPP Loan will need to submit the Second Draw Borrower Application Form, SBA Form 2483-SD.

    Read More

    Topics: ohio, workplace productivity, Management, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, Paycheck Protection Program

    Interim Final Rule: Second Draw Loans

    Posted by Alan Greenwell on Jan 11, 2021 1:55:24 PM

    On January 6, 2021, the U.S. Small Business Administration (SBA) issued the Interim Final Rule on Second Draw Loans (the IFR). The IFR announces the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act), a component of the Consolidated Appropriations Act, 2021 (the Act), which authorizes the SBA to guarantee additional loans under the Paycheck Protection Program (PPP).

    Read More

    Topics: ohio, workplace productivity, Management, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, Paycheck Protection Program, Interim Final Rule

    New Paycheck Protection Program (PPP2) Guidance

    Posted by Alan Greenwell on Jan 7, 2021 2:25:03 PM

    The Consolidated Appropriations Act, 2021 (the “Act”) was passed by Congress on December 21, 2020, and signed into law by President Donald Trump on December 27, 2020. This is the second-largest federal stimulus package approved by Congress this year following the $2 trillion CARES Act passed in March 2020.

    Read More

    Topics: ohio, workplace productivity, Management, 2020, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, Paycheck Protection Program, PPP2

    Consolidated Appropriations Act of 2021: Employee Retention Credit Changes

    Posted by Alan Greenwell on Dec 30, 2020 8:14:48 AM

    On Sunday December 27, 2020 President Trump signed the Consolidated Appropriations Act of 2021 (the Act) which included several enhancements to the Employee Retention Credit (ERC). The most prominent change is that businesses that received a loan pursuant to the Paycheck Protection Program (PPP) are now eligible for the ERC.

    Read More

    Topics: ohio, workplace productivity, Management, 2020, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, Employee Retention, ERC

    PPP Update: Summary of Emergency Coronavirus Relief Act

    Posted by Alan Greenwell on Dec 18, 2020 1:41:34 PM

    Below is a summary of the proposed details on the Emergency Coronavirus Relief Act that was recently released. The proposed legislation includes significant updates to the Paycheck Protection Program (PPP). If approved, the bipartisan bill will make $267.5 billion additional funds available for PPP loans and $13.5 billion for Economic Injury Disaster Loans also overseen by the Small Business Association.

    Read More

    Topics: ohio, workplace productivity, Management, 2020, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, SBA, Small Business Administration, Small Businesses

    2021 Cost of Living Adjustments

    Posted by Steve Hood on Nov 17, 2020 10:43:43 AM

    Get prepared for 2021! Check out the cost of living adjustments and see how you will be affected.

    Read More

    Topics: ohio, year-end planning, Tax, Tax Team, Tax updates, workplace productivity, Management, New Year, 2021

    Tax Update: IRS Provides Certainty Regarding the Deductibility of Payments by Partnerships and S Corporations for State and Local Income Taxes

    Posted by Alan Greenwell on Nov 12, 2020 11:33:28 AM

    IRS Notice 2020-75 (‘the Notice”) was issued on November 9, 2020 and announced that the Department of the Treasury and the Internal Revenue Service intend to issue Proposed Regulations to clarify that State and local income taxes imposed on and paid by a partnership or an S corporation on its income are allowed as a deduction by the partnership or S corporation in computing its non-separately stated taxable income or loss for the taxable year of payment. Furthermore, the Proposed Regulations will provide certainty to individual owners of partnerships and S corporations in calculating their state and local tax deduction payments.

    Read More

    Topics: ohio, Tax, Tax Team, Tax updates, workplace productivity, Management, 2020, S Corporations, Partnership

    PPP Loan Questionnaires Released for Borrowers of Over $2 Million

    Posted by Alan Greenwell on Nov 2, 2020 4:19:26 PM

    The Small Business Administration (SBA) published in late October that it will begin issuing loan necessity questionnaires to Paycheck Protection Program (PPP) borrowers with PPP loans of over $2 million. The loan necessity questionnaires will be utilized by the SBA to review the PPP borrower’s good-faith certifications of economic need. There are two versions of the questionnaire: Form 3509 that will be used by for-profit borrowers, and Form 3510 that will be used by non-profit borrowers.

    Read More

    Topics: ohio, workplace productivity, Management, 2020, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, SBA, Small Business Administration, Small Businesses

    The JobsOhio Inclusion Grant is Here

    Posted by Kari Brooke on Oct 12, 2020 3:40:40 PM

    The JobsOhio Inclusion Grant has been getting off the ground the past month and may provide up to $50,000 in grant money for eligible projects.

    Read More

    Topics: ohio, workplace productivity, Management, 2020, Small Businesses, Businesses, JobsOhio, Grant

    Cultural Killers

    Posted by Steve Black on Oct 8, 2020 3:45:22 PM

    He asked the typical candidate question. “Tell me about your company’s culture?” I asked him what he meant. He responded, “I don’t know. I’m just wondering what it’s like to work at your company?” 

    Read More

    Topics: Takeaways, culture, onboarding, hiring, Growing, HR, Human Resources, Growth, workplace productivity, Success, Management, Employee Retention

    There’s so much to read out there. Where do you start? Start here! We’ve pulled together the latest articles, white papers, case studies and links to the content that matters most.  

    Subscribe to Email Updates

    Recent Posts

    Posts by Topic

    see all