Originally published in Hoard's Dairyman, this article by Roger Murray, Farm Credit East Chief Marketplace Officer, touches on the importance of maintaining adequate financial liquidity in your dairy operation.
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.
The week of April 20, Congress passed another coronavirus aid package that included $310 billion to replenish the Paycheck Protection Program as well as $50 billion for the Economic Injury Disaster Loans (EIDL) and $10 billion for EIDL grants. See the differences in benefits of these two programs.