PPP Forgiveness – A Message to Our Clients
We know you are busier than ever trying to run your business and manage the ever-changing environment under COVID-19 mandates….
Additional Guidance on Deferral of Employee Social Security Taxes Released
On August 28th, the IRS released guidance on the President’s Executive Memorandum regarding the deferral of employees’ social security payroll…
PPP Loan Forgiveness Expenses – Update on Owner Compensation and Related Party Expenses
On August 25th the Treasury Department issued additional guidance related to owner-employees and related party rents and mortgages. The Small…
Executive Order Delaying Payments of Employee Social Security Taxes
On August 8, 2020, President Donald Trump issued a presidential memorandum allowing employees to defer the social security portion of…
Additional PPP Forgiveness Guidance Released
On August 11th the SBA released additional Frequently Asked Questions specifically related to the expenses eligible for PPP loan forgiveness. …
New Regional Sales and Use Tax in Central Virginia Region
Effective Oct.1, 2020, a new 0.7% regional retail sales and use tax will be levied in localities in Central Virginia….
Employees Working at Home? Rethink Your Space Needs
For some employees, working from home is a personally liberating experience that contributes to greater productivity. For others, not so…
ERISA Notices During the COVID-19 Crisis
Here’s a question about the timing of ERISA Group Health Plan communication during the pandemic. Q: We understand that the…
401(k) Plan Amendments Due to COVID-19
Here’s a question from a company about waiving the required minimum distribution (RMD) requirement for their 401(k) plan participants. Q….
PPP Loan Forgiveness – Why Wait?
We know many of our clients are anxious to apply for loan forgiveness and rightfully so. You know you have…