The employer’s share of Social Security Tax (but not Medicare tax) can be delayed, and paid over two years. The deferral applies to self-employed individuals and recipients of PPP loans (but only until the date of the Payroll Protection Program (PPP) loan forgiveness).
The House of Representatives on Thursday, May 28th passed new legislation that would make it easier for businesses to have their Paycheck Protection Program loans forgiven by relaxing restrictions on how the loan money can be used and extending the period that businesses have to use the funds.
The brand-new Paycheck Protection Program (PPP) is designed to support American small businesses with immediate cash support during the COVID-19 pandemic.
For 2021, the annual limit on deductible contributions to a Health Savings Account is $3,600 for individuals with self-only coverage under a High Deductible Healthcare Plan (a $50 increase from 2020) and $7,200 for family coverage (a $100 increase from 2020).
Go to home page
12600 W Burleigh Rd.
Brookfield, Wisconsin 53005
