U.S. Treasury Issues Guidance on Deferring Payroll Taxes

  |  September 1, 2020

On August 8, 2020, President Trump signed an executive memorandum authorizing the Treasury Secretary to issue guidance to allow, not require, employers to participate in deferring the withholding and payment of employees’ share in Social Security taxes from September 1 through December 31, 2020. The goal is to get more money into Americans’ pockets this year... Read more. Read More

Main Street Lending Program Expansion

  |  August 25, 2020

The Main Street Lending Program aims to increase the flow of credit to small and medium-size businesses that had good financial standing pre-COVID-19, and that have subsequently suffered a covered loss. In July 2020, some key expansions were made, read more. Read More

SBA Releases New FAQs on PPP Loan Forgiveness

  |  August 6, 2020

On August 4, the U.S. Small Business Administration and the U.S. Treasury released guidance answering 23 frequently asked questions concerning the forgiveness of Paycheck Protection loans. More than $130 billion is still available in the PPP, which has an August 8 deadline for applications to be approved by SBA. Read more. Read More

Preparing Your Business for the New Normal

  |  July 27, 2020

If business owners have learned anything from dealing with the COVID-19 pandemic these past months, they know that being positioned for quick maneuvers and redirects is absolutely vital. Ensuring that key processes are recorded and supported has become critical not only to managing the business, but also to making adjustments and adapting to changing external conditions. Read more. Read More