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What are the Rules for CARES Act Payroll Tax Deferment?
As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), businesses may defer payment of employer payroll taxes imposed between the enactment of this law (March 27, 2020) and December 31, 2020. Half of the deferred taxes are due by December 31,...
What’s in the Latest Coronavirus Relief Package for Businesses?
House of Representatives Approves $484 Billion Coronavirus Relief Package On Thursday, April 23, 2020, the U.S. House of Representatives voted on and passed the latest coronavirus relief package, which includes funding for small businesses, hospitals and coronavirus...
How to Calculate Forgiveness for the Paycheck Protection Program Loan
The Paycheck Protection Program (PPP) is part of the CARES Act that was signed into law on March 27 and includes $367 billion in federally guaranteed loans for small businesses. The loans are retroactive to February 15 and apply through June 30, which is about 10...
