Juan Escobar

SBA Provides Rules for Second Draw PPP Loans

Wednesday night, SBA & Treasury released new guidelines for PPP Loans.  The guidance is in two interim final rules. The first is the Business Loan Program…

Pittsburgh Enacts COVID-19 Paid Sick Leave Ordinance

On December 9th Pittsburgh Mayor Bill Peduto signed a Temporary COVID-19 Emergency Paid Sick Leave Ordinance. This gives certain workers in the city an…

Simpler PPP Forgiveness for Loans up to $50K

This month The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for…

Important Updates to Pennsylvania Overtime Pay Rules

The PA Department of Labor & Industry (L&I) amended the Minimum Wage Act to clarify requirements and update salary thresholds to reflect the current wages…

The IRS Has Extended The ACA Deadlines

On October 2, 2020 the IRS announced that it is extending the ACA deadline again for this year.    Employers were originally required to furnish year 2020…

Payroll Deferral Tax Employer FAQ

Payroll Tax Deferral Next Steps

IRS AND TREASURY ISSUE GUIDANCE ON THE PAYROLL TAX DEFERRAL

Late on Friday August 28, 2020 the IRS and the Department of Treasury issued long-awaited guidance on the payroll tax deferral that was issued by…

Executive Order Signed August 8th

On Saturday, President Trump signed an Executive order regarding a deferral for employee and employer Social Security tax. While these are not yet…

The SBA issues FAQs Regarding Loan Forgiveness

On Tuesday the Small Business Administration released a sheet of FAQs regarding PPP Loan Forgiveness. The FAQs are very detailed and provide much needed…