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  2. Paycheck Protection Program - Wikipedia

    en.wikipedia.org/wiki/Paycheck_Protection_Program

    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 ...

  3. American Rescue Plan Act of 2021 - Wikipedia

    en.wikipedia.org/wiki/American_Rescue_Plan_Act...

    The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]

  4. IRS tells small businesses to withdraw ineligible claims for ...

    www.aol.com/finance/irs-tells-small-businesses...

    ERC mills. The ERC is a refundable tax credit that was designed to encourage employee retention for businesses and tax-exempt organizations impacted by COVID-19 during the pandemic.

  5. CARES Act - Wikipedia

    en.wikipedia.org/wiki/CARES_Act

    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.

  6. IRS rejects claims from 20,000 taxpayers for lucrative small ...

    www.aol.com/finance/irs-rejects-claims-20-000...

    The IRS is taking action against small businesses that improperly filed returns claiming a lucrative pandemic-era tax credit. The agency sent 20,000 correspondence letters disqualifying these ...

  7. 'Vast Majority' of Pandemic Employee Retention Credit ... - AOL

    www.aol.com/news/vast-majority-pandemic-employee...

    The Employee Retention Credit was offered to businesses that were shut down by government COVID-19 orders in 2020 or the first three quarters of 2021, experienced a required decline in gross ...

  8. Employee Retention Credit - Wikipedia

    en.wikipedia.org/wiki/Employee_Retention_Credit

    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]

  9. Alternatives to LLC loans

    www.aol.com/finance/alternatives-llc-loans...

    Bankrate insight. According to the 2023 Small Business Credit Survey by the Federal Reserve Banks, 8 percent of businesses surveyed applied for a merchant cash advance, while 43 percent applied ...

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