On August 8, 2020, President Trump signed an executive memorandum that defers an employee’s portion of Social Security taxes from September 1 through December 31, 2020. At this point, the taxes are…
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The Coronavirus Aid, Relief and Economic Security Act (CARES Act), which launched in April 2020, established the Paycheck Protection Program (PPP) to help employers cover payroll during the ongoing COVID-19…
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The CARES Act was enacted in an attempt to mitigate the economic effects of the COVID-19 pandemic. Among other things, it extends favorable tax treatment to qualified individuals who take…
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Many people are currently working from home to help prevent the spread of the novel coronavirus (COVID-19). Your external auditors are no exception. Fortunately, in recent years, YHB has been…
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Economists will look back on 2020 as a year with a distinct before and after. In early March, most companies’ sales projections looked a certain way. Just a few weeks…
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Paycheck Protection Program Flexibility Act of 2020 The U.S. Senate has passed the bipartisan Paycheck Protection Program Flexibility Act of 2020, which loosens several of the Paycheck Protection Program’s (PPP’s)…
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