Schneider Downs COVID-19 Resource Center

Could your PPP loan affect the sale of your business?

Are you considering selling your business and did you receive support from the Federal government…

CARES Act Summary of Key Provisions Impacting 401(k) Retirement Plans

On March 27, 2020, the U.S. House of Representatives passed the Coronavirus Aid, Relief, and…

IRS Extends 2020 Rollover Period and Other Deadlines for Retirement Account RMDs

In March, the CARES Act provided taxpayers opportunity to skip this year’s (2020) required minimum…

Ohio Net Operating Loss’ Impact on the Bonus Depreciation Adjustment

The passing of the Tax Cuts and Jobs Act in December 2017 increased the federal…

Deferral of Employee OASDI Withholding Set to Begin on September 1 – Limited Guidance Issued

Late on the afternoon of August 28, the IRS and U.S. Treasury released Notice 2020-65,…

COVID-19 Small Business Tax Relief Legislation Introduced in PA Senate

Pennsylvania Senators Camera Bartolotta and Judy Ward recently introduced legislation to provide additional economic relief…

The Pandemic Effect on the Lease Accounting Standard 842

If there is any one thing we can thank the pandemic for, it is the…

Paycheck Protection Program – Treatment of Owners and Forgiveness of Certain Nonpayroll Costs

Schneider Downs continues to track the evolving landscape of federal financial programs offered in the…

U.S. Car Manufacturing at Risk?

The automotive industry plays a major role in the United States’ economy, comprising approximately 4%…

Working Remote OH Where are Employee Wages Taxed

Ohio municipal income tax laws often add a layer of complexity for businesses operating within…