On April 10, 2020, the IRS issued a set of frequently asked questions (“FAQ”) with more detailed guidance on how employers may defer Social Security tax payments under Section 2302 of the Coronavirus Aid, Relief and Economic...more
The IRS has now provided employers with detailed guidance on how to take advantage of the refundable tax credits for qualified sick and family leave wages and the employee retention credits created by the Families First...more
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PAYCHECK PROTECTION PROGRAM - SBA LOAN PROGRAM -
The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act has passed the Senate, the House, and has been signed into law by the President on March 27,...more
On March 20, 2020, the Internal Revenue Service (“IRS”) released Notice 2020-18 which delays the due date for the filing of federal income tax returns and federal income tax payments due April 15, 2020 until July 15, 2020....more