IRS Agrees To Speed Up Payroll Tax Refunds Related To New Covid-19 Credits

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These are trying times for small business owners; for many, the continued viability of their life’s work is in doubt on a daily basis. In recent weeks, Congress has done its part, enacting well in excess of $2 trillion in relief measures, many targeted specifically at those businesses with fewer than 500 employees. Well-intentioned as the relief may have been, it has created no shortage of confusion, as some provisions force employers to pay family and sick leave wages that were previously not required, while others create new categories of payroll tax credits.

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Original Article Source Credits: forbes,

Article Written By Tony Nitti

Original Article Posted on : Apr 1, 2020

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