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Treasury, IRS, and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses

2021-04-06T01:26:36+00:00

The IRS issued official guidance as to how the credit for paid leave due to COVID-19 will be taken.  It will be a direct offset against any payroll tax deposit required, so it will make the additional cash immediately available.  There are some pretty good examples in the IRS notice issued yesterday, which you can read here: Visit: IRS.gov
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Treasury, IRS, and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses2021-04-06T01:26:36+00:00

CARES Act: Coronavirus Aid, Relief, and Economic Security Act

2021-03-23T11:29:33+00:00

Congress passes the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act comes as a continued response to the Coronavirus 2019 (COVID-19) pandemic that is significantly impacting the United States. The Act is a $2.2 trillion economic package that is meant to stabilize individuals and employers, while the nation continues to experience shelter-in-place advisories/orders and hospitals report a surge of severely ill COVID-19 patients. The Act’s Paycheck Protection Program is retroactive to February 15, 2020, which is important for businesses
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CARES Act: Coronavirus Aid, Relief, and Economic Security Act2021-03-23T11:29:33+00:00

CARES Act: Coronavirus Aid, Relief, and Economic Security Act

2021-04-13T02:52:43+00:00

Congress passes the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act comes as a continued response to the Coronavirus 2019 (COVID-19) pandemic that is significantly impacting the United States. The Act is a $2.2 trillion economic package that is meant to stabilize individuals and employers, while the nation continues to experience shelter-in-place advisories/orders and hospitals report a surge of severely ill COVID-19 patients. The Act’s Paycheck Protection Program is retroactive to February 15, 2020, which is important for businesses
[ Read More ]

CARES Act: Coronavirus Aid, Relief, and Economic Security Act2021-04-13T02:52:43+00:00

Treasury, IRS, and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses

2020-03-24T18:58:39+00:00

The IRS issued official guidance as to how the credit for paid leave due to COVID-19 will be taken.  It will be a direct offset against any payroll tax deposit required, so it will make the additional cash immediately available.  There are some pretty good examples in the IRS notice issued yesterday, which you can read here: Visit: IRS.gov

Treasury, IRS, and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses2020-03-24T18:58:39+00:00
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