The Consolidated Appropriations Act, 2021 (CAA) that President Trump signed on December 27 includes several changes to the Paycheck Protection Program (PPP). The changes clarify the tax treatment of expenses funded with PPP loans, expand the program to businesses that...
During the COVID-19 pandemic, some cash-strapped employers may fail to pay the U.S. Treasury the federal income and employment taxes their organization withheld from employee paychecks. The IRS issues a 100% penalty against any person deemed responsible for this major...
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