The U.S. Treasury and Internal Revenue Service released additional guidance on August 28, 2020, related to the Executive Order authorizing the deferral of employees’ portion of the payroll tax. The deadline for employers to begin withholding the 6.2% employee portion of payroll tax was September 1, 2020. However, Treasury Secretary Steven Mnuchin has said he...Continue Reading

The Paycheck Protection Program loans as aligned with the Coronavirus Aid, Relief and Economic Security Act (CARES Act) were made available for application April 3, 2020. Already, there has been high interest and demand in this program, which is accessible for eligible employers through SBA-insured 7(a) program lenders and other authorized bank and credit union...Continue Reading