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President Trump’s Payroll Tax Deferral Executive Order
The IRS issued Notice 2020-65 to clarify the Executive Order to allow employers the option to temporarily defers the collection and payment of certain payroll taxes. The order allows employers to postpone the collection and remittance from now through...
Banks are now accepting applications for PPP loan forgiveness. However, many banks are suggesting that borrower’s with PPP loans under $150,000 wait until Congress reconvenes and acts on pending legislation that would automatically forgive any PPP loan under $150,000. Congress is expected to act on this legislation during the second half of September.
We believe that for...