The CARES Act allows taxpayers to defer paying the employer portion of certain payroll taxes through the end of 2020. The deferred amount is payable half on December 31, 2021, and half on December 31, 2022. Modification of net operating losses (NOLs) incurred in 2018, 2019 and 2020 Repeal...
$211,250 dollars is allocated from the CARES Act federal relief fundeachfor nonprofit and business assistance. Applications are due August 7. With City Hall closed, applications can be requested electronically by sending an email toecrecovery@cityofbinghamton.comInformation is available atwww.binghamton...
an equity interest or a senior debt instrument to the US government. If a business obtains payroll support through the grant provisions, it may be required to issue a warrant or other instrument to the US government to provide appropriate compensation for the provision of financial assistance. ...
If you decide to enroll for both the EIDL and PPP, the amount of the EIDL grant will besubtracted from the PPP amount eligible for forgiveness. In other words, you’ll ultimately wind up paying it back. The 2020 CARES Act Can Help Your Law Firm Law firms are uniquely poised to understa...
Additional Grant Considerations The CARES Act also provides several new or expanded grant funding opportunities that will be available to tribes, and the development and publication of notices of these funding opportunities is under way. You may have many tribal members or citizens who are furloughed...
In just over a week, the state, working with CGI, launched itsCARES Act grant application portaland immediately began receiving and reviewing relief fund applications from local governments for eligible COVID-19 expenses. The solution is completely configurable to meet not only t...
Allows the Secretary of Education to grant a deferment to an institution that received a loan under Part D of Title III of the Higher Education Act. Payments on student loans held by the Department of Education are suspended for 6 months, and the Secretary of Education shall suspend all invol...
When compared to PPP loans, however, the interest rate on an SBA disaster loan is significantly higher (though still relatively low). You may have to wait a while for the SBA to approve your application and disburse the funds, even if you qualify for the advance grant on the disaster loan...
Wilco votes to give CARES Act funds to Round Rock, Leander ISDs The reason the county chose to delay the vote on the two school districts last week was their concerns with inappropriate books in the school systems. GEORGETOWN, Texas - The Williamson County Commissioners Court has voted to ...
tailored to assist those businesses in need of such assistance. The amount of a grant to a small business to reimburse the costs of business interruption caused by required closures would also be an eligible expenditure under section 601(d) ...