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Apple Growth Partners’ Charitable Giving Fund Awards 12 Grants

October 12, 2020 For the 12th consecutive year, the Apple Growth Partners’ Community Outreach Charitable Giving Fund of Akron Community Foundation has been recognizing local non-profits proving financial literacy education programming in Northeastern Ohio through grants. In 2020, AGP is proud to announce a total of $30,000 has been awarded to the following 12 non-profits …

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Apple Growth Partners Announces Promotions and Annual Award Winners

AKRON, Ohio – (October 7, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, proudly announces promotions for two team members and three recipients of annual firm awards. Leif Erickson, CPA, and Brandon Fredericks, CPA, have been promoted to principal. As a principal in the tax department, Erickson is the firm’s Canton …

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Apple Growth Partners Expands Leadership Team with Three Female Executives

AKRON, Ohio – (September 9, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, welcomes three new executives: Erica Ishida, MPOD, Jennifer DiFranco, PHR, SHRM-CP, and Danielle Kimmell, CPA. In combining her experience with leadership, talent, business development, and organization design, Erica Ishida, MPOD, joins AGP as chief growth officer. This new …

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Now Open for Nonprofits: Main Street Lending Program Accepting Submissions

September 4, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team From The Federal Reserve Announcement Today:  The Federal Reserve Bank of Boston on Friday announced that the Main Street Lending Program is now fully operational and is accepting submissions of eligible loans to nonprofit organizations, submitted by registered lenders. The Federal Reserve encourages registered …

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IRS Guidance on Deferment of Employee FICA

September 2, 2020 GENERAL UNDERSTANDING What taxes are eligible for deferral under Notice 2020-65? The deferral applies only to an employee’s share of social security tax (6.2%), where the paycheck date is between September 1st, 2020, and December 31st, 2020, and the bi-weekly pay is less than $4,000. Who determines whether the employee portion of …

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Apple Growth Partners Announces 12th NorthCoast 99 Win

AKRON, Ohio – (September 1, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, is proud to be recognized by ERC as one of 99 great Northeast Ohio workplaces for top talent. This is the 12th time the firm has received the NorthCoast 99 Award. NorthCoast 99 is an annual recognition program …

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IRS Issues Guidance to Implement Presidential Memorandum Deferring Employee Social Security Tax Withholding

August 31, 2020 Earlier this month the President issued an order to the Secretary of the Treasury directing the Secretary to postpone the collection of the employee’s share of social security tax for certain wages. Specifically, the order provided that the collection of the social security taxes for wages paid between September 1, 2020 and December 31, 2020 …

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Apple Growth Partners’ Dmitriy Berkovich Honored as Notable Immigrant Leader

CLEVELAND, Ohio – (August 31, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, is proud to announce Dmitriy Berkovich, CPA, has been named one of Crain’s Cleveland Notable Immigrant Leaders in 2020. Berkovich is a principal in the tax department. Crain’s Cleveland Notable Immigrant Leaders is a premier list celebrating immigrant …

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SBA issues Interim Final Rule (IFR) relating to less than 5% owners, rent paid to related parties and certain nonpayroll costs.

August 24, 2020 Owner-employees with < 5% interest Owner-employees of an S or C corporation with less than a 5% interest are not subject to the owner-employee compensation rule. Eligibility of amounts attributable to business operation of tenant or sub-tenant or household expenses eligible for forgiveness? No. Nonpayroll costs may not include any amounts attributable …

SBA issues Interim Final Rule (IFR) relating to less than 5% owners, rent paid to related parties and certain nonpayroll costs. Read More »