The President yesterday signed the American Rescue Plan Act into law, so the much anticipated $1.9 Trillion Covid-19 stimulus package is official.
Dear Clients and Friends, In our message last week, we talked about the importance of proactive tax planning, and shared a comparison chart of the two tax policy proposals, which we hope you found useful. With elections less than one week away, it’s important to also identify how the outcomes can affect your home state’s income tax as well. […]
Dear Clients and Friends, 2020 has already been an exceptional year—one that has demonstrated the importance of planning for the unexpected. The big unknown ahead of us now is the results of the presidential election on November 3rd. Will Republicans win a second term, or will Democrats take the White House? Which leads to the question: How will this affect […]
Last month, an executive order was signed deferring a portion of payroll taxes. This means that employers can opt to not withhold certain taxes from their staff compensation for the rest of this year. For the employees, it means that they will get more take‐home pay now on the understanding that the sums not withheld […]
Dear Clients & Friends, In our last article, we promised to update readers as soon as we could in order to clarify certain ambiguities in the Paycheck Protection Program Flexibility Act (PPPFA). We were especially concerned about an apparent ‘cliff edge’ that would result in no loan forgiveness at all, if borrowers spend less than […]
On Friday June 5th, 2020, the Protection Program Flexibility Act (PPPFA) was signed into law, which attempts to address certain concerns from the original Paycheck Protection Program (PPP).