Wednesday night, SBA & Treasury released new guidelines for PPP Loans. The guidance is in two interim final rules. The first is the Business Loan Program Temporary Changes; Paycheck Protection Program … Continued
On December 9th Pittsburgh Mayor Bill Peduto signed a Temporary COVID-19 Emergency Paid Sick Leave Ordinance. This gives certain workers in the city an additional 80 hours of paid sick time … Continued
This month The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action … Continued
The PA Department of Labor & Industry (L&I) amended the Minimum Wage Act to clarify requirements and update salary thresholds to reflect the current wages paid to Pennsylvanians working in executive, administrative, … Continued
On October 2, 2020 the IRS announced that it is extending the ACA deadline again for this year. Employers were originally required to furnish year 2020 form 1095-C and/or 1095-B … Continued
Payroll Tax Deferral Next Steps Earlier this week we sent an update regarding the Employee Social Security Tax Deferral. You can find a link to this notice here. Below we are … Continued
Late on Friday August 28, 2020 the IRS and the Department of Treasury issued long-awaited guidance on the payroll tax deferral that was issued by President Trump in a memorandum … Continued
On Saturday, President Trump signed an Executive order regarding a deferral for employee and employer Social Security tax. While these are not yet actionable as we are awaiting further guidance … Continued
On Tuesday the Small Business Administration released a sheet of FAQs regarding PPP Loan Forgiveness. The FAQs are very detailed and provide much needed clarification on a host of topics … Continued