Providing Employees with Health Benefits Without Using a Group Health Insurance Plan Employers with less than 50 full-time employees and that don’t offer a group health plan can contribute to their employees’ health care costs through a Qualified Small Employer…
IRS Provides Initial Guidance on Employee Payroll Tax Deferral COVID-19 Business Update Tax Group Recently, President Trump issued an executive order deferring the deadline to pay workers’ portions of Social Security taxes from September 1, through the end of the…
Biden vs Trump on Proposed Business Tax Policy With the November 2020 elections around the corner, let’s take a look at how the Presidential candidates proposed individual tax policies differ: Corporate Tax Rate Donald Trump: Lower the corporate tax rate…
Employee Payroll Tax Deferral Provides Both Opportunities and Challenges for Those Choosing to Elect Deferral COVID-19 Business Update Tax Group Included in President Trump’s recent executive orders was a payroll tax memorandum calling for the deferral of select payroll tax…
IRS Allows Deduction for Donations to Trusts Created as Workaround to $10,000 Salt CAP Businesses donating to charitable funds in exchange for a state tax credit can deduct those costs from their federal taxes, according to recently released IRS regulations. The…
PPP Loan Forgiveness Application; Why Small Business Owners Should Wait to Apply for Loan Forgiveness COVID-19 Business Update You may be thinking that it is time to apply for forgiveness of your PPP loan. It seems many owners and managers…
Biden vs Trump on Proposed Individual Tax Policy With the November 2020 elections around the corner, let’s take a look at how the Presidential candidates proposed individual tax policies differ: Individual tax rate Current law: The top marginal tax rate is…
Will the SBA Modify PPP Forgiveness to Just a Simple Signature? COVID-19 Business Update Business Advisory Services Group Ready to power up your Excel spreadsheet to start calculating your Paycheck Protection Program (PPP) loan forgiveness amount? What’s your hurry? Mark…
President’s Recent Executive Orders Includes Deferral of Employee Payroll Taxes COVID-19 Business Update Business Advisory Services Group With lawmakers deadlocked in coming to an agreement on the terms of an extension of future COVID-19 relief provisions, President Trump has signed…
Republican Bill Proposes Tax Credits for Businesses Providing Safety Measures to Protect Against Coronavirus COVID-19 Business Update Business Advisory Services Group Lawmakers will be meeting in Washington, D.C. to consider another round of coronavirus relief legislation, which is expected to…