Timely Opportunities Blog
IRS Addresses the President’s Executive Order on Employee Payroll Tax Deferral in Notice 2020-65
On August 28, 2020, the IRS issued Notice 2020-65 that provides some needed guidance for employers wondering whether and how to comply with the employee payroll tax deferral described in
Employee Payroll Taxes Deferred
As negotiations continue for additional economic relief through the “CARES 2” act, President Trump issued an executive order deferring payroll taxes. Beginning September 1 and ending December 31, 2020, certain
Virtual Meetings – Easily Connect with Your Remote Workforce
With the world on lock down, and many businesses shifting to a remote workforce, electronic meetings are likely to remain the new norm. But with so many companies offering virtual
Understanding the Basics of Employee Benefit Plan Audits
Is your Employee Benefit Plan in compliance with federal regulations? The Employee Retirement Income Security Act of 1974 (ERISA) requires that some companies offering employee benefit plans must have the
How does the CARES Act Help Nonprofits and Higher Education Institutions?
Nonprofit organizations and higher education institutions have been hard at work trying to help the world navigate the novel coronavirus (COVID-19) pandemic. While trying to maintain focus on their missions,
New PPP Loan Forgiveness Applications Released
On Tuesday, June 16th Small Business Association released two new versions of the PPP Loan Forgiveness application to correspond with changes made after the Flexibility Act was passed. One version
FILING YOUR ANNUAL UNCLAIMED PROPERTY REPORT
The State of Michigan released a new system for reporting unclaimed property in October 2018. This new system allows business owners to file reports and remit unclaimed payments electronically. While
Paycheck Protection Program Reform Bill Provides Additional Flexibility to Small Business Owners
The Paycheck Protection Program (PPP) gained additional flexibility on Wednesday, June 3. Passing the Senate unanimously and the House last week, the legislation was signed by President Donald Trump on
Virtual Board & Team Meeting Solutions – Without the Expense!
Coronavirus (COVID-19) continues to force employees to work from home and businesses to adapt to a new remote-work business model. Although technology has made this process easier, organizations are looking
Small Business Association Releases Paycheck Protection Program Loan Forgiveness Update and Clarification
On Friday, May 15, the Small Business Association (SBA) released additional clarification on the Paycheck Protection Program (PPP) Loan Forgiveness Application and instructions. Further guidance is expected from the SBA