Nearly 70% of small business owners applied for loans under the CARES Act. The $2.2 trillion relief bill provided many options for businesses to minimize the burden of the COVID-19 pandemic. Some of the pandemic relief programs include but are not limited to payroll tax deferrals, employee retention credits, and changes relating to losses of a business. Read the below ...

Part of the COVID-19 relief plan, the CARES Act was passed to provide necessary aid for families and business. This ranged from unemployment aid to paycheck protection funds and programs, up to tax breaks for certain companies.  To better understand the CARES Act of 2022 includes some necessary changes and requirements for many different businesses.  The CARES Act 2022 Eligibility ...

It is important to make sure to maximize your business tax returns. Make sure to ask yourself the relevant questions about filing your businesses’ tax return. Are you potentially eligible for the ERC? Getting these tasks done and on time is incredibly important in the long run. The Employee Retention Credit (ERC) has the potential to limit any existing tax ...

The COVID-19 pandemic continues to rage and cause massive shortages, closures, and mass uncertainty. The government has passed many rounds of legislation over the last year and a half to help provide support for businesses and the nation throughout these times of uncertainty and financial strain. The government passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) around ...

The CARES Act of 2020, the government’s response to aiding businesses of all sizes with pandemic relief helped include tax credits for employers. This section of the Act, called the employee retention credit (ERC), helped maintain retention of employees. The American Rescue Plan and the Consolidated Appropriations Act extended the ERC until the end of 2021. Expansion included into an ...

Necessary Coronavirus Aid, Relief, and Economic Security Act (CARES ACT) was introduced in an attempt to minimize the fallout from COVID-19. The Employee Retention Credit was introduced as part of the CARES Act, initially passed in March of 2020. This package was proposed to support Americans and businesses impacted by the pandemic. Hundreds of thousands of people were laid off ...

Both financial, emotional, and physical tolls were taken on business owners, employees, and the world during the COVID-19 pandemic. Businesses were either shut down or forced to limit operations and customers in-store. When employees were sent home, many businesses were left with payments to employees while business came to a halt. Realizing an emergent need, the government started up many ...

The COVID-19 pandemic hit hard on a variety of businesses and continues to evolve the way business is done today. Unemployment is still up and continues to ebb and flow as inflation reaches new highs. Many small businesses have shut down and many others continue to struggle to keep up with large and popular businesses in their area. Many businesses ...