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POSTS BY Malka Trump, CPA

PPP Forgiveness Projection Wizard
September 16, 2020

PPP forgiveness on your mind? You’re not alone. Millions of businesses across the country received loans under the Paycheck Protection Program (PPP), keeping them afloat during the continuing COVID-19 economic instability. Now, as employers are starting to emerge from their PPP “Covered Period,” many are wondering where to begin the loan forgiveness process. Relax – … Continue reading PPP Forgiveness Projection Wizard

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What You Need to Know About the Employee Social Security Deferral
September 11, 2020

On August 8, the Presidential Memorandum allowing employers to defer the withholding of employee social security tax left many employers uncertain of its impact on their businesses and employees. Twenty days later, the U.S. Treasury issued much-anticipated guidance, providing employers with answers to many of their questions. Let’s look at what we currently know and … Continue reading What You Need to Know About the Employee Social Security Deferral

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The Ever-Expanding Road to PPP Forgiveness
July 29, 2020

Loan forgiveness. Over the past weeks, these two simple words have become all-consuming for millions of small businesses who received vital funding under the Paycheck Protection Program (PPP). Though PPP loans have been an essential lifeline for businesses during the COVID-19 pandemic, complexity surrounding loan forgiveness presents a formidable challenge. Employers are anxious to put … Continue reading The Ever-Expanding Road to PPP Forgiveness

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Payroll Simplified: New Employee Forms
February 28, 2019

How to prepare your new employee for their first day  There’s so much to think about when you have a new employee starting.  Who’s their mentor?  What is their training program?  How long will it take them to get up to speed?    Then, of course, there’s the issue of compliance and the need to get … Continue reading Payroll Simplified: New Employee Forms

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Payroll Simplified: Garnishments
September 20, 2018

First things first – what is a wage garnishment?   If you owe a debt, the court may order that a certain amount of money be taken out of your paycheck each time in order to pay the creditor.  This order is called a garnishment.  Debts that might be garnished include unpaid taxes, child support, … Continue reading Payroll Simplified: Garnishments

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