The House of Representatives approved the Senate bill known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act (“Act”). The bill provides over $2 trillion in relief for individuals and businesses. The bill is headed to President Trump who indicated he would sign the legislation immediately. Major provisions of the CARES Act are as… Continue reading

The coronavirus (COVID-19) outbreak has had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to the virus, business owners and managers face an uncertain and stressful future. Faced with faltering demand, anxious employees, health safety risks and a lack… Continue reading

Update on Coronavirus-related paid leave for workers and tax credits for small and midsize businesses The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar,… Continue reading

Dear Clients and Friends, At SSB, we are hearing from business owners who are impacted by COVID-19—make no mistake—in the end, this is all of us.  Following is a list of things to consider during these difficult times: Stay calm and don’t panic. Business leaders must remain composed, in control and make well thought out… Continue reading

Questions from employers and employees about coronavirus (COVID-19) pandemic are multiplying almost as fast as the virus itself. Employers need to rely on a combination of authoritative legal and medical advice, and their own common sense, to keep employees safe. Guidance issued almost daily from the Centers for Disease Control (CDC), the U.S. Department of Labor’s… Continue reading

Dear Clients and Friends, At SSB, we are monitoring the developments involving COVID-19 and are available to assist you during these trying times.  As we learn more, we will update our list of resources which will be available at Currently, Congress is working on the Families First Coronavirus Response Bill  which would provide the… Continue reading

Dear Clients and Friends, At SSB, our primary concern is the well-being of our employees and clients.  As we monitor the developments involving COVID-19, we are taking measures to ensure that we reduce the risk of spreading the virus in our workplace while also making sure our communication with you continues in an efficient manner.… Continue reading

Many people are familiar with tax credits for individual taxpayers, such as the credits for higher education expenses or the child tax credit. But businesses and business owners also may be eligible for some valuable credits that can lower their tax bills. Here are seven credits for small business owners to consider this tax year and beyond. Research Credit Even… Continue reading