There are things to love or hate about the latest executive order of a payroll tax holiday, such as:
Eligible employees love the extra cash in their pockets that would ordinarily go to the government to spend or to save. Though as it stands now, that extra cash would need to be repaid at the end of the period…
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, became federal law on March 27, 2020. Since then, business owners have had numerous questions about how the CARES Act helps them through this drastic economic crisis.
Small businesses were central in the negotiations of the over $2 trillion Coronavirus Aid, Relief and Economic Security ‘CARES’ Act, the largest economic emergency stimulus package in our nation’s history.
Today, the Treasury issued new guidance for the Families First Coronavirus Response Act regarding COVID-related paid leave for workers’ health or to care for their families, as well as tax credits for businesses with 500 or fewer employees