We are receiving a number of questions about PPP forgiveness and the PPP Flexibility Act, signed by President Trump on June 5. This Q&A is intended to answer some of those questions, but remember, your individual...more
On March 20, 2020, the IRS made an announcement (2020-57) providing some guidance on the implementation of the Paid Sick Leave Credit and Child Care Leave Credit included in the Families First Coronavirus Response Act. It...more
3/25/2020
/ Coronavirus/COVID-19 ,
Employer Liability Issues ,
Families First Coronavirus Response Act (FFCRA) ,
Healthcare Workers ,
IRS ,
Paid Family Leave Law ,
Paid Leave ,
Self-Employment Tax ,
Sick Leave ,
Social Security Taxes ,
Unemployment Benefits ,
Withholding Tax
The IRS has recently modified the Employee Plans Compliance Resolution System (EPCRS) to encourage employers to adopt automatic contribution features, and to detect and correct errors in retirement plans quickly. Revenue...more
A few weeks ago the Internal Revenue Service released a new notice with allows 501(c)(3) organizations with tax-exempt bonds greater flexibility in drafting their management agreements. In the past, entities with outstanding...more