LAS VEGAS COMMERICAL RENTAL ASSISTANCE PROGRAM -EXTENDED THRU 9/8/20

News, Tax Legislation / By /

FYI – the state extended the application deadline through Sept 8 for up to 10k of rental assistance to small businesses (less than 50 employees) who can verify a loss of at least 30% in revenue since the previous year (see the link below for details).  They removed the requirement that you couldn’t have received …

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TRUMP EXECUTIVE ACTION-PAYROLL TAX DEFERRALS (AUG. 31, 2020)

News, Tax Legislation / By /

Dear Clients and Friends, The President’s recent executive action called for a payroll tax deferral for employees effective Sept 1 through year end.  Employers would stop withholding the 6.2% FICA (aka social security) portion on employee paychecks.  To get the deferral, employees must earn less than $4,000 every two weeks (equates to $104,000 annual salary). …

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