COVID-19 News

• The executive order on September 1 allows employees to defer social security withholding until 2021
• Federal employees are required to take part in this action
• For the rest who can choose: what does this mean?

The president’s executive order allowing … Continue reading

• • NYC restaurants file a class-action lawsuit against Cuomo, DeBlasio alleging “irreparable harm”
  • Industry has continued to get decimated due to COVID-19 and NYC’s response
  • Amid criticism, DeBlasio finally agreed to allow indoor dining at 25% capacity beginning 9/30
  • NY leadership

… Continue reading

• • What you need to know about the moratorium
  • What this means for income-driven repayment plans
  • What steps you should take next

What You Need To Know About The Moratorium

Trumps’ executive memorandums from August 8th included the deferring of student … Continue reading

• • IRS notice denies PPP borrowers the ability to deduct expenses paid with Loan money
  • Opponents say a “double benefit” was not the objective of the CARES Act
  • Proponents argue that these expenses were the intended purpose of the government-provided funds

… Continue reading

• • COVID-19 brings about a unique set of labor and employment concerns
  • Many labor laws vary by state, though some are national
  • Employers should stay up to date with all legal limitations to avoid labor claims

The post-COVID resurgence of workers … Continue reading

• • Mailing backlog has resulted in several unsent tax payments to IRS
  • IRS has issued unnecessary balance-due notices
  • Taxpayers are advised to not cancel any checks

The slowdown of the US Postal Service has certainly put a loop in the new, … Continue reading

• • Justice Department has filed a number of fraudulent PPP Loan purchases
  • What is the Government Accountability Office doing?
  • Liabilities that PPP loanees need to know

The PPP Loan has helped over 5 million business owners through the global pandemic and … Continue reading

• • Employers questioning the logistics of payroll tax deferral memorandum
  • What is Congress doing to provide relief for struggling businesses?
  • Will full forgiveness be granted before the end of the year?

Trump’s August 8th memorandums and order addressed the looming stress … Continue reading

• • Student loan payments deferred through December 31, 2020
  • What does this mean for loan forgiveness programs?
  • Loans not owned by the federal government excluded

Last week, U.S. Secretary of Education, Betsy DeVos, implemented President Trump’s student loan relief memorandum. On … Continue reading

• • Work from home possibilities has led to rise in telecommuting
  • Will telecommuters create nexus for out-of-state employers?
  • Which state is owed income tax by telecommuters?

The term “nexus” describes the relationship between the state taxing authority and the taxpayer. In … Continue reading