by Sheri Hart | Jan 6, 2021 | Business Strategy, Financial Planning, Payroll, Small Business, Tax
New law doubles business meal deductions and makes favorable PPP loan changes The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic. It also contains numerous tax breaks for businesses....
by Sheri Hart | Sep 11, 2020 | Payroll, Small Business, Tax
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment of certain payroll tax obligations. The three-page guidance in Notice 2020-65 was issued to implement President Trump’s...
by Sheri Hart | Jun 5, 2020 | Business Strategy, Financial Planning, Non-Profit, Payroll, Small Business, Tax
In some welcome news, the Senate passed the House Bill to provide enhanced and, in many cases, more lenient guidelines for PPP loan forgiveness. As soon as the President signs The Paycheck Protection Flexibility Act, borrowers will be able to adjust their plans and...