President Trump approved a $900 Billion Covid-19 Relief Bill, the Economic Aid to Hard-Hit Businesses, Nonprofits, and Venues Act (the “Act”). The Act provides for another round of Paycheck Protection Program (“PPP”) Loans and expands the categories of eligible expenses that may be paid with loan proceeds. EFFECTIVE DATE: December 27, 2020. Applications for second-draw…
Shifting the Burden of Proof The City Commission recently passed new legislation that will change the landscape of landlord-tenant proceedings, specifically eviction matters. The City worked in conjunction with an eviction task force that Nan Whaley organized in 2019. City officials say that the changes are designed to help curb evictions. This legislation is the…
The Small Business Administration (SBA) extended the repayment deadline for Payroll Protection Program (PPP) for businesses that initially took a PPP loan, but did not meet the self-certification requirements at the time that they applied for the loan. The deadline is now automatically extended from May 7, 2020, to May 14, 2020. Companies that were…
With the constant changes due to COVID-19, business owners and employees alike are trying to figure out how to navigate the Paycheck Protection Program and related laws. Join us for a 1-hour webinar on Wednesday, May 6th at 2:30pm EST, to answer some of the most common questions. Presentation by Brixey & Meyer and Pickrel,…
Be aware that scammers have already devised numerous methods of defrauding people in connection with COVID-19. Scammers are setting up websites, contacting people by phone and email, and posting disinformation on social media platforms. Below is a list of some examples of scams linked to COVID-19 and a link to a list of steps that…
We wanted to reach out to our clients and friends to let you know that we are staying on top of the fluid situation pertaining to the Coronavirus. Pickrel, Schaeffer and Ebeling will stay open, however; if you have a scheduled appointment with an attorney or would like to schedule an appointment, we are recommending…
We wanted to reach out to our clients and friends to let you know that we are staying on top of the fluid situation pertaining to the Coronavirus. Pickrel, Schaeffer and Ebeling will stay open, however; if you have a scheduled appointment with an attorney or would like to schedule an appointment, we are recommending…
We are excited to announce the opening of an additional location in Troy, Ohio at 22 North Short Street right across from the Miami County Court House. President of Pickrel, Schaeffer and Ebeling, Michael W. Sandner has this to say about the additional location, “we are pleased to be able to offer a physical footprint…
Have an “S” Corporation? Want to acquire a corporation and treat it as a subsidiary? Want to avoid double taxation on the acquired corporation’s income? Consider making a Qsub election. An “S” corporation can acquire and own the stock of a “C” corporation. But having an “S” corporation own a “C” corporation may not make…
When an ownership interest in a partnership (or LLC taxed as a partnership) is transferred to a member in exchange for services, the tax consequences of such transfer are governed by partnership tax law. Ownership interests in partnerships can be profits interest, capital interests or both. Partnership tax law is quite complex, and there is…
