IRS Releases Guidance on Employee Social Security Tax Deferral
In response to the executive order issued by the president on Aug. 8, 2020, the Treasury Department and the IRS have issued guidance on the deferral of the withholding, deposit and payment of certain employee payroll tax obligations on wages paid from Sept. 1, 2020,...
Client Feature and Executive Director Q&A: Freedom House Ministries, Inc.
January 2020 marked the beginning of a new chapter for Freedom House Ministries, Inc. The nonprofit organization officially moved into a newly developed, 16-room, energy-efficient complex on the east side of Green Bay, WI. From humble beginnings in a donated...
Accounting for Paycheck Protection Program (PPP) Loans
There is no shortage of information available related to the forgivable loans that were awarded by the Small Business Administration (SBA) in response to the coronavirus outbreak. These Paycheck Protection Program (PPP) loans have had what seems like constantly...
President Issues Executive Order Deferring Payroll Taxes Beginning Sept. 1, 2020
As COVID-19 continues to surge, conversations about economic recovery remain at the forefront. In recent news, the president has issued an executive order deferring payroll taxes beginning Sept. 1, 2020. This special report addresses topics that include a “CARES...