Please be advised that additional provisions and clarifications were published last night regarding the Paycheck Protection Program that I thought you may have an interest in.
PAYROLL PROTECTION PROGRAM – The time to act is NOW!
Paycheck Protection Program Application & Information On Friday, March 27, 2020, the President signed the Cares Act into law. As a part of the act, it included funding of $349 billion of partially forgivable small business loans. Yesterday afternoon, March…
COVID-19 BUSINESS PROVISIONS
COVID-19 BUSINESS PROVISIONS IRS Extends Filing and Payment Deadline The 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. This…
Small businesses: Stay clear of a severe payroll tax penalty
One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over to the federal government on…
New Tax Withholding Rates for 2018
Employers should update their employees withholding as soon as possible but no later than February 15, 2018 according to the IRS. Until then, employers should continue to use the 2017 withholding tables. The IRS released Notice 1036 with updated income…