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What is the Employee Payroll Tax Deferral?
On Aug. 8, 2020, President Donald Trump ordered the U.S. Department of Treasury (the Department) to defer collecting certain payroll taxes from wages earned between Sept. 1 and Dec. 31, 2020. On Aug. 28, 2020, the Internal Revenue Service (IRS) issued Notice 2020-65...
Application Deadline for Small Business Loans Extended
Congress has passed legislation to extend the application deadline for small business loans, which President Trump has signed. The Paycheck Protection Program (PPP) loan application deadline has been extended through Aug. 8, 2020. Prior to the extension, the deadline...
What is the EZ Forgiveness Application?
The Small Business Administration (SBA) and Department of Treasury recently released a streamlined loan forgiveness application called the EZ Forgiveness Application. This newly released three-page EZ application is significantly shorter than the traditional loan...
Here are the PPP Loan Forgiveness Changes
On Wednesday, June 3, the U.S. Senate passed the Paycheck Protection Flexibility Act (PPFA), which makes changes to the forgiveness aspect of the Paycheck Protection Program (PPP). These PPP loan forgiveness changes include tripling the time that small businesses and...
