This article was published by the IRS. The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. Frequently Asked Questions General Information Determining Which Employers [...]
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, [...]
This video was published by the IRS. Scammers are counting on confusion about the Economic Impact Payments to take your money and information. FTC Tip #1: Don't respond to calls, texts, or emails about money from the government. Government agencies like the IRS won't try to reach you on your social media accounts, or call, text, [...]
This article was published by the IRS. The IRS and Treasury have successfully delivered millions of Economic Impact Payments to Americans so far, and more are on the way. Some Americans may have received a payment amount different than what they expected. Payment amounts vary based on income, filing status and family size. See below for [...]
In this week’s Monday episode (June 8, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that the much-awaited PPP legislation was finally passed. Between the House and the Senate, there was only one individual who dissented. Small businesses should be encouraged that the government is working hard to provide them with much-needed relief. [...]
