Resources For Employers

COVID-19 RESOURCE CENTER

IRS Releases 2021 Standard Mileage Rates

The IRS released the optional standard mileage rates for 2021. Most taxpayers may use these rates to calculate deductible costs of operating vehicles for business, medical, and charitable purposes. The standard mileage rates for 2021 are: 56 cents per mile for...

IRS Issues Guidance on Executive Order to Defer Payroll Taxes

Late Friday, the IRS issued Notice 2020-65 entitled Relief with Respect to Employment Tax Deadlines Applicable to Employers Affected by the Ongoing Coronavirus (COVID-19) Disease 2019 Pandemic. This Notice provides guidance to employers on how to implement the...

NEW PPP Loan Forgiveness Guidance

NEW Paycheck Protection Program (PPP) Loan Forgiveness Guidance A new interim final rule was released last night addressing several issues related to the qualification of certain expenses for PPP loan forgiveness. The first provision of the new rule provides that the...

IRS Notices: What You Need to Know

Did you receive a notice from the IRS advising you that you owe money for your 2019 tax return? Had you already paid the amount being requested? Unfortunately you are not alone. The IRS is currently working through an enormous backlog of mail due to the Coronavirus...

Paycheck Protection Program (PPP) Extended

The Paycheck Protection Program resumed accepting applications after passage of the Paycheck Protection Program Extension Act. This new Act re-opened the application window for new loans until August 8. You may recall the previous deadline to apply was June 30. The...

Congress Passes Paycheck Protection Program Flexibility Act

We hope you are continuing to stay safe and healthy as Southeastern Pennsylvania plans to move into the “Yellow” phase of reopening. We’re pleased to report that good news for business owners arrived late last evening when the Senate passed the Paycheck Protection...

Bucks County Back To Work Small Business Grant

The Bucks County Board of Commissioners has allocated $6 million to establish the Bucks Back to Work Small Business Grant program which will provide grants up to $25,000 or 25% of annual operating expenses (whichever is lower). The program fact sheet can be found here. Applicants must be…

Additional Guidance on CARES Act, Families First Act, Unemployment

As we continue our quest for clarity on the coronavirus-related Acts and Bills passed by Congress we offer the following updates on several clarifications that came out during the week of April 13 impacting various parts of the CARES Act, the Families First Act (FFCRA), and unemployment claims. Part of the CARES Act, this provision…

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