On August 28, the IRS issued guidance that provides some explanation of how employers can defer withholding and remitting an employee’s share of Social Security tax when wages are below…
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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 Department of Health and Human Services (HHS) has released information regarding additional relief for Dentists and other healthcare providers. You are now eligible to apply for federal funding through…
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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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The Financial Accounting Standards Board (FASB) has issued ASU 2020-05 in response to the ongoing impacts to US businesses in response to the coronavirus (COVID-19) pandemic. Accounting Standards Update (ASU) 2020-05, Revenue…
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