Van Cleve, Inc. Payroll & Bookkeeping

05/27/2024

03/01/2021

Good Monday Morning! Just a quick note: we are still working from home and anticipate doing so until at least the end of 2nd quarter 2021. We are checking the office phone messages once a day. If you need to reach us sooner, please call the home/ office number 330. 472. 2218.

01/08/2021

The second round of PPP money will be available soon for qualifying businesses!

"Further guidance is set to be released from the U.S. Small Business Administration, and while there is no clear timeline for when applications for the second round will open, experts recommend that small businesses start preparing their paperwork now if they plan to apply."

The latest coronavirus relief bill allocated $285 billion to another round of the Paycheck Protection Program. Here's how small businesses should prepare.

08/28/2020

More guidance on the PPP forgiveness involving rent.

The SBA and Treasury published an interim final rule that provides clarity on Paycheck Protection Program loan forgiveness issues related to owner-employee compensation calculations and the eligibility of nonpayroll costs related to certain lease and property ownership scenarios.

08/14/2020

Van Cleve, Inc., is here to help through these uncertain times. Contact us today if you have payroll or bookkeeping questions!

President Trump has directed the Treasury Department to stop collecting payroll taxes this fall in an effort to boost workers' paychecks. But the move is temporary, and could spark headaches in 2021.

06/17/2020

More guidance on forgiveness of PPP Loans

The unpublished version of the update ensures full forgiveness for self-employed, freelancers and independent contractors who took the maximum loan amount based on 2.5 times their 2019 monthly income.

06/05/2020

Gradually reduce the unemployment benefit or offer an incentive to return to work?

That extra $600 in your weekly unemployment check is likely disappearing after July. Lawmakers have a few ideas to replace the policy.

06/04/2020

A new idea on how to manage these loans!

The process of applying for loan forgiveness is challenging for businesses without the luxury of an accountant or attorney, some are arguing.

06/04/2020

"Under the proposal, small businesses would have to spend 60% of the loan money on payroll instead of the previous 75%. They could use the funds for six months, a change from two months.

The proposal would extend a June 30 deadline to rehire workers. It would also push back the timeline for repaying loans, and allow companies that get loan forgiveness to defer payroll taxes."

The House passed the changes to the Paycheck Protection Program by a 417-1 margin last week as the coronavirus takes a huge toll on the economy.