Important Follow-up Regarding the SBA Paycheck Protection Program Under CARES
The following links will take you to: The “Paycheck Protection Program” Information Sheet The Loan Application Form Note that the application states the lender will calculate the eligible loan amount using submitted tax documents Applicant must sign a Good Faith Certification that the uncertainty of current economic conditions makes the loan request necessary to support […]
Employee Retention Credit available for many businesses financially impacted by COVID-19
The IRS recently issued more details on the Employee Retention Credit. Please note that the credit is not available for employers taking advantage of the SBA Paycheck Protection Program or small business loans. The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on […]
Economic impact payments: What you need to know
The Treasury Department and the Internal Revenue Service announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive […]