One Week Short-Term CR
December 9, 2020Lawmakers are expected to approve a one-week extension to approving a government-wide spending bill, bumping the deadline to Dec. 18.
READ MORETreasury Denies PPP Deductibility
November 25, 2020Recently, Treasury and the IRS released guidance clarifying that forgivable PPP loan funds are not deductible, contrary to Congressional intent.
READ MORENew IRS Form 1099-NEC Radically Changes Tax Reporting
November 23, 2020NSBA partner ComplyRight explains new reporting requirements for independent contractors.
READ MORESenate OKs Stopgap Spending Bill
September 30, 2020The Senate voted 82-6 Tuesday evening to advance a stopgap spending bill to avert a government shutdown by midnight tonight.
READ MORENegotiations Resume on Stimulus Package
September 30, 2020House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin have revived negotiations over another stimulus bill this week.
READ MOREHouse OKs CR Spending Bill
September 23, 2020Late Tuesday evening, the House approved--with bipartisan support--a Continuing Resolution spending bill to fund the federal government through Dec. 11.
READ MOREPayroll Tax Deferral Guidance
September 2, 2020Treasury and the IRS have released guidance to implement President Trump’s directive to allow employers to defer payroll taxes through Dec. 31.
READ MOREPresident Signs EOs with Stimulus Package on Hold
August 12, 2020Over the weekend, President Donald Trump issued a series of Executive Orders (EOs) focused on providing ongoing pandemic relief. Among those provisions is one that would implement a temporary deferral of the payroll tax through Dec. 31, 2020. The EO appears to allow employers to hold off on collecting the...
READ MORENSBA Seeks Clarity on Payroll Tax Executive Order
August 10, 2020President Trump recently issued a series of Executive Orders (EOs) focused on providing ongoing pandemic relief, including one that would implement a temporary deferral of the payroll tax through Dec. 31, 2020.
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