One of the major questions for tax planning season has been whether expenses paid with a Paycheck Protection Program loan that is forgiven will be deductible. Senior Tax Consultant Dario Arezzo discusses possible examples and outcomes.
Earlier this year, New York Governor Andrew Cuomo signed a bill enacting a new Paid Sick Leave Program effective January 1, 2021. However, employers must begin accruing sick leave on September 30, 2020. Accounting Associate Lillian Crast outlines what this may mean for New York State businesses going forward.
On August 8, President Trump issued an executive order allowing employers to defer withholding and payment of certain employee portions of Social Security taxes. Read more for a big picture overview of employer considerations.
Payroll laws are ever changing, especially with recent changes from COVID-19 and the CARES Act — do you feel you’re keeping up? It’s crucial businesses stay up-to-date with payroll taxes and regulations to avoid hefty fines and penalties. Learn more about some of the ag payroll specifics that businesses should be aware of from payroll subject matter expert Lillian Crast.