Join Dent Moses Managing Director, Mike Baker as he discusses this new guidance. Late last Friday, August 28, 2020, the IRS issued guidance on President Trump’s payroll tax deferral memorandum.
On March 27, 2020, the President signed into law the CARES Act. The rollout of certain relief provisions like the SBA loan program for wage, rents and utilities may take several weeks to be up and running. Again, with the regular caveat that things are moving fast, here is a list of the CARES Act provisions that we believe to be particularly applicable to small business owners and individual taxpayers: