Month: April 2020

Coronavirus Aid, Relief, and Economic Security Act Provides Employee Retention Payroll Credit and Payroll Tax Deferral

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit of 50% of wages paid by eligible employers to retain employees during…

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Families First Coronavirus Response Act: Employer Paid Leave Requirements

The Families First Coronavirus Response Act (FFCRA or the Act) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for…

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The Paycheck Protection Program Provides Small Businesses with Funds to Pay up to 8 Weeks of Payroll Costs

The Paycheck Protection Program provides small businesses with funds to pay up to eight (8) weeks of payroll costs. These funds can also be used to pay…

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Recovery Rebates for Individuals, aka “Stimulus” Payments

As a result of the CARES act, eligible taxpayers will receive an Economic Impact Payment (aka “stimulus” payment). The payment is an advance of a newly created…

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The Recently Passed CARES Act Provides Taxpayers with Economic Relief

Below we have summarized some of the key points for individual taxpayers: Special Rules for Use of Retirement Funds The CARES act has defined special provisions for…

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