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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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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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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On Friday, May 15, 2020 the Small Business Administration (SBA) and the Department of the Treasury released the Paycheck Protection Program (PPP) Loan Forgiveness Application and instructions for the application.…
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The Treasury Department and the Small Business Administration have been slowly providing additional clarity to the massive Paycheck Protection Program via their Frequently Asked Questions PDF. On May 13, 2020…
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