NEW PAYROLL TAX DEFERRAL & PPP LOAN FORGIVENESS UPDATE (AUGUST 15, 2020)

News, Tax Legislation / By /

Dear Clients and Friends, I’d like to keep you informed about a few hot-topic tax developments that have occurred in the past week:    New Employee Payroll Tax Deferral Scheme On August 8, 2020, President Trump signed an executive order deferring payroll tax obligations of employees.  But what the heck does it really mean?  Like many …

NEW PAYROLL TAX DEFERRAL & PPP LOAN FORGIVENESS UPDATE (AUGUST 15, 2020) Read More »

SBA EIDL (ECONOMIC INJURY DISASTER LOANS) ARE BAAAACK!! A SMALL BUSINESS LIFELINE (JUNE 18, 2020)

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Dear Clients and Friends, FYI – SBA (Small Business Administration) has resumed accepting new EIDL (Economic Injury Disaster Loan) applications on a first-come, first-served basis.  SBA had halted new submissions on April 15 due to high demand.  On Monday, June 15, SBA began begin accepting new EIDL loan and EIDL Advance applications from qualified small businesses.  …

SBA EIDL (ECONOMIC INJURY DISASTER LOANS) ARE BAAAACK!! A SMALL BUSINESS LIFELINE (JUNE 18, 2020) Read More »

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