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Jul. 23—My column for September 11, 2023, addressed the employee retention credit (ERC). This is a tax credit for employers affected by COVID-19-era business restrictions. The focus of that ...
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]
The bill is referred to as "Phase 3.5" of Congress's coronavirus response. [ 8 ] [ 9 ] It followed the first three phases: phase one "was an $8.3 billion bill spurring coronavirus vaccine research and development" (the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 ), which was signed into law on March 6, 2020.
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.
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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 ...
The owner of a Hanford nuclear site subcontractor has agreed to pay the federal government $1.1 million to settle accusations that he and BNL Technical Services defrauded the federal government ...
Several coronavirus relief bills have been considered by the federal government of the United States: Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, enacted March 6, 2020; $8.8 billion; Families First Coronavirus Response Act, enacted March 18, 2020; $104 billion; CARES Act, enacted March 27, 2020; $2.2 trillion