All in COVID-19 Updates

COVID-19 Weekly Digest (August 26, 2020)

COVID-19 Weekly Digest (August 26, 2020)

SBAI
COVID-19 Updates, Accounting, Business Knowledge

The payroll tax deferral from President Trump’s executive memorandum is getting little traction among business leaders, who note that it could saddle employees with a hefty tax bill in 2021. Many companies are signaling that they will not participate, citing the potential unfairness to workers and the difficulty of implementing it. An employee earning $35,000 could see a bill for $751, while the highest eligible earners could owe $2,232. So far, the IRS and Treasury have not created guidance for employers or payroll companies to implement this temporary deferral.

COVID-19 Weekly Digest (August 19, 2020)

COVID-19 Weekly Digest (August 19, 2020)

SBAI
COVID-19 Updates

Recent models hint that the protective effects of a population that has already been infected by the COVID-19 virus may exist at much lower percentages than previously thought. Instead of requiring that 70 to 80 percent of a population be immune, that threshold may be less than 50 percent, or even as low as ten percent. At the very least, some degree of immunity may slow the spread of successive waves of infection. The new models may also help countries determine which groups should have priority in vaccination because they may be the most vulnerable and the most likely to spread the virus.

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