Deferral of Payroll Taxes

Deferral of Payroll Taxes

The IRS has clarified ability to defer paying the employer share of payroll taxes.  It was previously understood that you could not defer payroll taxes if you participated in the Payroll Protection Program (PPP). However, you are now able to participate and defer...
Deferral of Payroll Taxes

FASB Considers Accounting Relief During COVID-19 Pandemic

The Financial Accounting Standards Board (FASB) held a public meeting on April 8, 2020 to approve measures intended to provide stakeholders with accounting relief and clarity during the COVID-19 crisis. In the coming days, the FASB will issue a proposal to provide...
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