Employee Payroll Tax Deferral Update

Employee Payroll Tax Deferral Update On August 28, 2020, the IRS issued Notice 2020-65 that provides some needed guidance for employers in regards to the employee payroll tax deferral described in the August 8, 2020 Presidential memorandum (often referred to as an “executive order.”). Though many questions are still unanswered, it addresses some key items. Insight: Although the IRS…

Paycheck Proctection Program Flexability Act

Paycheck Proctection Program Flexability Act On Friday, June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020. The PPP Flexibility Act provides some relief and flexibility in the use of the Paycheck Protection Program (“PPP”) funds. Changes Included: Borrowers can now choose to extend the original 8-week covered period…

Supplies and Consumables Used in Manufacturing are Exempt from Illinois Sales and Use Tax Beginning July 1, 2019

Supplies and Consumables Used in Manufacturing are Exempt from Illinois Sales and Use Tax Beginning July 1, 2019 Recent tax legislation has expanded the manufacturing exemption to once again include production related tangible personal property. Illinois gives manufacturers a sales tax exemption for purchases of machinery and equipment used in manufacturing or assembling. The new…

We are pleased to announce the promotion of Christine Reed to Operations Supervisor!

Bronswick Benjamin is pleased to announce the promotion of Christine Reed to Operations Supervisor. Christine has made a tremendous impact on Bronswick Benjamin since she joined the firm 5 years ago. She finds solutions to improve client service through the use of technology, effective business processes and increased efficiency. Her ultimate goal is to make…