The Employee Retention Credit (ERC) was established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020, to encourage businesses to keep employees on their payroll during the pandemic....more
5/13/2021
/ American Rescue Plan Act of 2021 ,
American Taxpayer Relief Act ,
Biden Administration ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Employee Retention ,
Employment Tax ,
Paycheck Protection Program (PPP) ,
Social Security Taxes ,
Startups ,
Tax Credits
The Small Business Administration (SBA) published new guidance declaring Chapter 11 debtors with confirmed plans as eligible for Paycheck Protection Program (PPP) loans. The new guidance creates an exception to the SBA’s...more
Last year, self-employed individuals who conducted their business without any employees could qualify for a Paycheck Protection Program (PPP) loan in an amount equal to approximately 20.8% (2.5 months divided by 12 months) of...more
3/25/2021
/ Borrowers ,
Consolidated Appropriations Act (CAA) ,
Default ,
Independent Contractors ,
Interim Final Rules (IFR) ,
IRS ,
ITIN ,
NAICS ,
Net Profits ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Safe Harbors ,
SBA ,
Self Employed ,
U.S. Treasury