Much ado about the Payroll Tax break
On August 8th the White House published an Executive Memorandum that ordered a deferral of social security payroll taxes for employees earning less than $104k per year from September 1 to December 31, 2020. But, employees may never actually see this... Read More →
More answers on PPP loan forgiveness
The SBA published a new set of Frequently Asked Questions yesterday regarding PPP loan forgiveness: A borrower has 10 months from the end of the Covered Period (8 or 24 weeks) to submit their loan forgiveness application, and they are... Read More →
Good Changes to the PPP loan forgiveness for Sole Proprietors (no Employees)
On June 17th, the Paycheck Protection Program (PPP) Flexibility Act of 2020 was enacted which made major changes to the provisions for PPP loan forgiveness and the SBA released revised forgiveness applications.Over the next week we will publish articles outlining the changes... Read More →