In these trying times, we are determined to keep you apprised of happenings and suggestions on the fly.

If you the owner are currently on a recurring payroll, it might be a good idea to remove yourself from payroll until we get a better feel about repercussions of this virus. Even if you have processed a payroll for yourself–consider voiding it out. This can save or defer valuable payroll tax expenses.  Also, recall you can still take distributions as needed to assist your home cash flow.

We are waiting to see details from Congress.