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Be Aware of the Three New Credits Available to Many Businesses Hit by COVID-19
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Be Aware of the Three New Credits Available to Many Businesses Hit by COVID-19

Coronavirus, Corporate Taxes, Employee Retention Payroll Tax Credit, IRS, Payroll, Payroll Family Leave Credit, Payroll Sick Leave Credit, Planning Strategies, Self-Employed, Small Business, Tax Credits, Tax Tips, Taxes

Be Aware of the Three New Credits Available to Many Businesses Hit by COVID-19

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 [...]