Moss Adams recently published an excellent analysis on where we currently stand on the Payroll Tax Deferral Executive Order. Like most emergency actions taken during the unprecedented Covid shutdown, it is simple in concept (more money in some employees’ pockets right now), but teasing out the impact on businesses, employees and the economy in general will take some time. (Payback could be tough on both employers and employees.)

Both the Payroll Tax Deferral and the PPP forgivable loans will also have an impact on selling and purchasing businesses over the next 6 to 12 months.

> Click here to read the full article

And check here to read a related article on undetermined but possibly troublesome impacts on P&Ls and taxes from the PPP forgivable loans.