Search results
Results from the WOW.Com Content Network
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 CARES Act created the $349-billion Paycheck Protection Program, which provided low-interest loans to small businesses that were forgivable if they maintained their employees and payroll. The $349 billion was fully allocated within 13 days. During those 13 days, 1.6 million loans were approved by nearly 5,000 banks and other lenders. [3]
The deal includes a $350 billion “Paycheck Protection Program” for small businesses as well as a $454 billion fund for a new lending agency. ... billion in “Paycheck Protection” loans will ...
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 22nd District Agricultural Association, which operates the Del Mar Fairgrounds, has reached a settlement of $5,664,015 over allegations that it improperly secured a Paycheck Protection Program ...
For premium support please call: 800-290-4726 more ways to reach us
Increases the maximum amount of a 401(k) loan from an employer-sponsored 401(k) retirement plan. The limit used to be the lesser of $50,000 or 50% of the participant's vested assets. It has been changed to the lesser of $100,000 or 100% of the participant's vested assets. [86]
Back in November, Joff Stenn Wroy Philossaint, 32, had admitted guilt to helping about a dozen South Florida businesses apply for $3 million in phony loans under the federal Paycheck Protection ...