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Monthly Archives: October 2020
IRS highlights employer credits for businesses during Small Business Week
During Small Business Week, the IRS reminds business owners and self-employed individuals of employer credits available during COVID-19. These special credits were created to help small business owners during this unprecedented times. Reach out to your tax professional to see … Continue reading
Payroll Tax Deferral took effect Sept. 1, What does it mean for your paycheck?
President Trump’s payroll tax holiday took effect on September 1. Participating employers can expect heftier responsibilities, while workers who participate in the holiday could see a temporary pay boost this fall and a dip in January. The employees may see … Continue reading
CDC issues sweeping temporary eviction ban
The CDC and the Trump Administration issued an order that would make it illegal to evict an individual who expects to make less than $99,000 or a joint-filing couple that expects to make less than $198,000 in 2020. The order … Continue reading
MGM Resorts to Lay Off 18,000 Furloughed U.S. Employees
Casino operator of MGM Resorts International informed its staff in August that is would lay off 18,000 furloughed employees in the U.S. as the coronavirus-induced travel reductions hurt its operations. MGM employed almost 52,000 fulltime and 18,000 part-time workers in … Continue reading
Wendy’s and Pizza Hut Raise Concerns Over NPC Bankruptcy Sale
Wendy’s Co. and Pizza Hut LLC are raising concerns over their largest franchisee’s efforts to sell its assets in bankruptcy court. NPC International operates 392 Wendy’s and 1,200 Pizza Huts across the country filed Chapter 11 bankruptcy on July 1, … Continue reading