BWTP PC recently sent an email blast out to clients regarding taking another look at prepared 2020 quarterly estimated tax payments due to changes caused by COVID-19. The email blast stated: “We hope you and your family are safe and staying healthy. In order to provide the best

On August 8, 2020, the President of the United States issued a Presidential Memorandum authorizing the Secretary of the Treasury to defer the withholding, deposit, and payment of certain payroll tax obligations. Applicable wages was defined as wages paid to an employee on a pay date d

Business owners and other Highly Compensated Employees (HCE’s) really benefit from a Safe Harbor 401(k) Plan. They can maximize their deferral contributions to the plan regardless of the level of participation by the Non-HCE’s. That maximum for 2020 is $19,500 plus a $6,50