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Covid-19 Relief Bill

The Covid-19 Relief Bill, the End-of-Year Gift From Congress

On December 27, 2020 President Trump approved the $900 billion Covid-19 Relief Bill. The bill could significantly reduce your 2020 taxes and provide additional relief in 2021. The key provisions of the legislation as we understand them are below.…
deferring certain payroll tax obligations

Concerns: Deferring certain payroll tax obligations

The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment of certain payroll tax obligations. The three-page guidance in Notice 2020-65 was issued…
paycheck protection program

Changes Coming to the Paycheck Protection Program

On Wednesday night, the U.S. Senate passed The House bill called the Paycheck Protection Flexibility Act and sent it to President Trump, who is expected to sign it. This bill changes things on the Paycheck Protection Program. Here is a summary…