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Archive for June 2020

[6/6/2020] Coronavirus 2019 (Covid-19) Tax Update 6: PPP Loan Forgiveness

Trump Signs New Law Relaxing PPP Rules: What You Need To Know Reduced payroll cost from 75% to 60% At least 60% of your loan must be used for payroll costs. Payment to independent contractors cannot be included in the payroll costs. 24 WEEKS OF COVERAGE Eligible expenses incurred that are to be forgiven was…

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  • CHLK Tax Update – January 19, 2023
  • 2023 Firm Letters regarding Payroll, Form 1099, and New Employment Law Update for 2023
  • Newly Enacted Employment Law for 2023
  • CHLK Tax Letter on July 20, 2022
  • City of Los Angeles & Unincorporated Area within LA County – New Minimum Wage Ordinance Effective 7/1/2022

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