Another day, another article about the uncertainty of Trump’s memorandum regarding employee tax deferral. We are adamant that until the government puts in writing who is responsible for the tax liability if the employee leaves your employ after deferring the taxes, that most employers will opt out of the offer for employees to participate. Moreover,…
Today, students in Louisiana’s largest school system, Jefferson Parish, reported for classes in person. Meanwhile, on Friday, Orleans Parish Schools, who started the semester with virtual teaching, announced a phased return to traditional learning – similar to St. Tammany Parish Schools’ staggered reopening approach beginning September 8th. Accordingly, working parents are facing myriad challenges as…
Today, the Department of Treasury and Internal Revenue Service (IRS) issued guidance on implementing the Presidential Memorandum issued on Aug. 8, 2020, allowing employers to defer withholding and payment of the employee’s portion of the Social Security tax if the employee’s wages are below a certain amount. Today’s Notice 2020-65 makes relief available for employers…
Our thoughts and prayers go out to the people of Louisiana and Texas and other businesses affected by Hurricane Laura. It looks like the storm is going to continue blowing through the country, hitting major cities on its way back out to the Atlantic. Luckily, our clients have been spared for the most part, and…
Prayers for Louisiana and Texas as Hurricane Laura has just been declared Category 4, expected to make landfall early tomorrow. Once again, here is our hurricane survival guide with links to useful toolkits and resources for your safety. Please be careful, it’s so unfortunate that our community has to go through this in the midst of…
If you haven’t heard, two named storms have entered the Gulf of Mexico at one time – Marco and Laura. Tropical Storm Marco made landfall last night and continues to weaken with unfavorable upper-level winds. Hurricane Laura has continued to grow in intensity and is expected to arrive on Thursday, so evacuations are underway from…
As if this year could get any worse, 2020 has been labeled with an “extremely active’ hurricane season, predicting 24 named storms between June and November. Only 21 storm names are allotted each year because the letters Q, U, X, Y, and Z are not used, so the National Hurricane Center has to employ the…
This webinar took place on Thursday, August 20, 2020. We reviewed the President’s executive orders along with the latest guidelines about the forgiveness of PPP loans. Additionally, we discussed how to complete a proper I-9, go through the differences in payroll between a 1099 Contractor and a W-2 Employee, plus shared tips on hurricane preparedness,…
Happy Friday! We attended an informative webinar today where the Federal Reserve Bank in Atlanta presented to the Resilient Louisiana Commission on the state of housing, both locally and nationally. There were lots of insights shared on income disparity, housing shortages, and statistics between demographics. Then, HousingNOLA’s executive director walked everyone through some of the…
We just wrapped another successful webinar – don’t forget, we host one every other Thursday at 3 PM CST. If you missed it, the recording will be uploaded within the next 24 hours. New unemployment claims have exceeded 1 million again for the week ending August 15. Those that received the federal stimulus subsidy for…
