This is not a drill! We cover all the recent updates and new information regarding tax deadline shifts – what is included and what is not, the second draw opportunity for the Paycheck Protection Program and the targeted EIDL advance application.
The SBA pushed out guidance on the new “PPP Second Draw Loans” yesterday. While we still don’t have sight of the application and the “portal” isn’t open for banks to submit loan packages we do have more answers – not all, but more.
Health and accident insurance premiums (this includes premiums for spouse and family coverage as well) paid on behalf of a 2% S corporation shareholder-employee should be reported as wages on the shareholder-employees Form W-2.