by Jonathan Bill | Aug 13, 2020 | Biz Taxes, COVID-19, Small Business
In an effort to reduce the burden on workers, President Trump signed a memorandum on August 8 providing for the deferral of payroll taxes from September 1 through December 31, 2020. The new rule defers the employee portion of the old-age, survivors and disability...
by Jonathan Bill | Jul 30, 2020 | Biz Taxes, COVID-19
With new legislation being debated and constantly updated, it seems, the rules regarding Paycheck Protection Program (PPP) loans and loan forgiveness keep changing. So the current advice from experts is: Don’t rush into anything! Congress is currently trying to work...
by Jonathan Bill | Jun 30, 2020 | COVID-19, Personal, Retirement
If you are retired now or planning on retiring soon, you’ll need to determine if any of your Social Security benefits will be taxed. It’s an important part of figuring your income and expenses during this time of your life. Since 1984, Social Security beneficiaries...
by Jonathan Bill | Jun 17, 2020 | Biz Taxes, COVID-19, Small Business
Last week, the SBA released a revised Paycheck Protection Program (PPP) loan forgiveness application and a new EZ application. These new applications reflect the changes that were made to the PPP by the Paycheck Protection Flexibility Act of 2020, which passed on June...
by Jonathan Bill | Jun 4, 2020 | Biz Taxes, COVID-19, Small Business
There’s good news if you took out a Paycheck Protection Program loan. The Paycheck Protection Program Flexibility Act — recently passed by the House & Senate and expected to be signed by President Trump — gives business owners more flexibility to use loan money...