This video was published by the IRS. Most eligible individuals received their Economic Impact Payment automatically. However, some eligible Americans with incomes that do not require them to file a tax return, including some Americans that are experiencing homelessness, will need to submit information to the IRS by October 15 to receive their payment. The IRS [...]
This article was published by the IRS. Employers affected by COVID-19 can take advantage of three important new credits available to them. Employee Retention Credit: The employee retention credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible [...]
In this week’s Monday episode (June 22, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that there was a lot of movement in various initiatives over the past week. The SBA finally updated their website to include the new PPP loan forgiveness application, as well as the EZ version of the application. The [...]
An emergency fund takes time and discipline to build, but you don't need to be a rocket scientist to learn how to track your expenses and save money. Some simple calculations will help you determine what you are able to save each month, and as a result, how long it will take to build an emergency [...]
In this week’s Monday episode (June 15, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that last Friday, 40 bipartisan senators wrote a letter to the Trump administration asking the SBA and Treasury to make the debt forgiveness process simpler for small business. The original PPP loan application is only three pages long, [...]
