/CARES Act

What the President’s payroll tax deferral means for businesses

By |2020-09-10T22:18:35+00:00September 3rd, 2020|Categories: Articles, Blog, CARES Act, COVID 19|Tags: , |

The President's four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people were taken in an effort to offer more relief due to the COVID-19 pandemic. The action defers the taxes, which means they’ll have to be paid in the future.

Businesses should be aware of the potential tax implications of PPP loans

By |2020-08-21T22:52:37+00:00August 21st, 2020|Categories: Business Advice, CARES Act, COVID 19, Paycheck Protection Program, Tax Planning|Tags: , , , |

Understanding CARES Act and PPP If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications. The Coronavirus Aid, Relief and Economic Security (CARES) Act, which was enacted on March 27, 2020, is designed to [...]

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