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President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
When surveyed by the U.S. Census Bureau in mid-June, more than 82% of small-business owners said the coronavirus crisis had a moderate to large negative effect on their business. The good news is ...
For many small business owners, navigating the ins and outs of taxes can seem insurmountable. Because of this, few business owners are aware of the full range of tax credits and deductions of ...
The ERC scam. The ERC is a legitimate tax credit established to help businesses with the cost of keeping staff employed during the pandemic, enacted by the Coronavirus Aid, Relief, and Economic ...
The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]
When you have credit products like business loans or credit cards in your company’s name, the lenders will send the activity with them to the commercial credit reporting bureaus, which will, in ...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
Like nearly 4 million other small-business owners, he received what’s called an “economic injury disaster loan.” But when Harb repeatedly tried to repay the loan, records show, his payments ...
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