PPP Loan Forgiveness was supposed to be in full swing by now except the SBA has yet to process any applications (https://www.washingtonpost.com/business/2020/10/01/ppp-sba-loans/). Over four million loans were given and processing the forgiveness of those loans could take a long time.…
Today is the first day you can offer your employees a FICA (Social Security, 6.2% of wages) tax deferral. Please note, this is a deferral, not an exemption. The tax will still have to be paid unless a law is…
If you received a Paycheck Protection Program (PPP) loan to help your business survive the coronavirus pandemic, hold your loan forgiveness applications. The Small Business Administration (SBA), the group coordinating the program, has told lenders that they will not be…