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To receive the ERC, businesses must monetize the credit for every payroll period by filing a quarterly payroll tax return using Form 941, according to ERC Today. For example, if a business pays out...
An employee who regularly makes $2,000 per paycheck after taxes may only make $1,876 per pay period from Jan. 1 through April 31. "It is far from clear that the payroll tax holiday will achieve its...
The SBA also recently launched a direct forgiveness portal, which is aimed at small businesses with PPP loans of $150,000 and under. Guzman said they have partnered with over 1,000 lenders on this ...
The vast majority of companies told the federal government they used the money for payroll — $776 billion out of the $798 billion disbursed. As of June 30, businesses said that PPP funding ...
“The Employee Retention Tax Credit is an incentive program enacted as part of Congress’s response to the COVID-19 crisis,” said Brent Johnson, co-founder and CEO of Clarus, a software R&D ...
The stimulus relief bill extended the Pandemic Unemployment Assistance program for self-employed or gig workers. COBRA premiums can also be waived until September 30, 2021.
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