Dear Clients and Friends,
At William Vaughan Company, the health and safety of our employees, clients, and community is of paramount importance. We recognize the ongoing impact of the Coronavirus, and are focused on how we can best protect our clients and staff while continuing to providing exceptional service to the community.
We have continuously invested in technology, and as a result, have the ability to exchange information and perform a significant portion of our work remotely. I would encourage all of you to be proactive about the use of technology when working with us during this uncertain time.
While it’s still difficult to predict the full extent of the impact of COVID-19, we are closely monitoring this rapidly evolving situation. As part of our commitment to our clients, we would like to share the following resources with you to offer guidance on minimizing the impact on you and your business. If you have questions, please contact your William Vaughan Company advisor.
Resources & Guidance
The key resource for national information on the spread of COVID-19, what you can do to protect yourself, and what to do if you get sick.
For tips on how you can prevent and prepare your employees along with links and checklists for taking action.
For information on coronavirus and unemployment insurance benefits. Employers can distribute this Mass Layoff Instruction Sheet to their employees laid off because of the COVID-19 pandemic to expedite their claim process.
The U.S. Chamber is working closely with the White House, U.S. government agencies, and foreign government officials to inform and equip businesses with the most important and up-to-date information to prevent the spread of the virus and prepare businesses for the near and long-term impact.
The SBA is working directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19)
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available.
- The Ohio Restaurant Association is posting memos, recommendations, updates and news on a special page on their website.
- The Ohio Department of Commerce will immediately begin offering a one-time liquor buyback option to support bars and restaurants. Click here for more information.
- Keeping Your Restaurant Afloat During the Coronavirus Pandemic
Trucking & Transportation
- ODOT: Special Blanket Permit for Haulers – In an effort to assist in the state’s response to the COVID-19 outbreak, the Ohio Department of Transportation has approved a special blanket permit for haulers carrying heavy or oversized loads of food, non-alcoholic beverages, medical supplies, cleaning products, and other household goods.
- March 25: COVID-19: Managing Your Business During a Crisis – hosted by BDO for clients
- March 25: COVID-19 Tax and Legal Issues and Answers – hosted by Surgent
- March 25: COVID-19 Town Hall: Business Answers & Solutions – hosted by Stambaugh Ness
- March 26: Remote Work: Today’s Answer to Staying Healthy and Serving Clients Amidst COVID-19 – hosted by ConvergenceCoaching
- March 26: What Is Life After Coronavirus? Coping With Financial Anxiety and Recession – hosted by Rea & Associates
- March 31: Federally Declared Disaster Areas: Tax Provisions Including COVID-19 – hosted by ADP
- April 1: Exclusive Webinar: BDO Crisis Management Director Covers COVID-19 – Part 2
Late Friday, the President signed a bipartisan relief bill entitled the “Coronavirus Aid, Relief, and Economic Security Act” or the CARES Act. The $2 trillion coronavirus response bill is intended to provide relief across America and to keep businesses and individuals afloat during the unprecedented freeze on most American life. Read more here
The Ohio House and Senate passed House Bill 197 to provide additional assistance to residents and businesses during the COVID-19 pandemic. Governor DeWine is expected to sign the legislation into law soon. These provisions will go into effect immediately. Among the business assistance provided in the legislation:
Any license, permit, certificate, commission, charter, registration, card, or other similar authority that is issued or conferred by a state agency, a political subdivision of this state, or an official of a political subdivision of this state remains valid until the ninety days after the date the emergency ends or December 1, 2020, whichever is sooner. Agencies may still take necessary disciplinary action for other items during this time.
- Moving the state tax filing deadline from April 15 to July 15
- Extends the municipal net profit tax return deadline to July 15
- For municipal income tax purposes, employees who must report to a temporary worksite (including their home) during the emergency period, or within 30 days thereafter, are considered to be working at their otherwise principal place of work
Allows the Director of Job and Family Services to waive the requirement that a person actively search for suitable work as a condition of receiving unemployment benefits.
Read the full bill here: House Bill 197
Today, Governor Gretchen Whitmer signed the “Stay Home, Stay Safe” Executive Order (EO 2020-21), directing all Michigan businesses and operations to temporarily suspend in-person operations that are not necessary to sustain or protect life. The order also directs Michiganders to stay in their homes unless they’re a part of that critical infrastructure workforce, engaged in an outdoor activity, or performing tasks necessary to the health and safety of themselves or their family, like going to the hospital or grocery store.
For the full report, click click here.
Amy Acton, Director of the Ohio Department of Health along with Ohio Governor, Mike Dewine have established ‘Stay at Home Orders‘ for the entire state. Acton has ordered non-essential businesses to close physical locations as of Monday March 23, 2020 at 11:59. Given the importance of what our firm does, professional services have been included in the list of essential services under Section 12u, so we will remain open. We strongly encourage our employees to work from home if they are able.
For answers to FAQ regarding the Stay at Home Order, click here.
The Ohio Bureau of Workers’ Compensation (BWC) is announcing that insurance premium installment payments due for March, April and May for the current policy year may be deferred until June 1, 2020, at which time the matter will be reconsidered. This is for public and private employers. BWC will not lapse (cancel) coverage or assess penalties for amounts not paid because of the coronavirus (COVID-19) pandemic. Installment payments due for the three-month period total approximately $200 million.