In addition to an employee retention credit and advance payment of payroll credits for employee paid sick and family leave, the CARES Act also provides for extra time to pay certain payroll taxes.
Employers and self-employed individuals may defer payment of all (in the case of employers) or half (in the case of self-employed individuals) of ... Read More ›
Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), grants are now available through the Small Business Administration (SBA) to provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19, by applying for an SBA Economic Injury Disaster Loan (EIDL). The advance does not need to ... Read More ›
One of the key provisions under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides relief to eligible employers in the form of a fully refundable credit against employment taxes.
Eligible employers, including tax-exempt organizations, will be granted a tax credit against employment taxes equal to 50% of qualified wages paid after March 12, ... Read More ›