COVID-19 benefits and services- Benefits to help Canadians and businesses facing hardship as a result of the global COVID-19 outbreak. Provincial Ontario COVID-19 Small Business Relief Grant- The government is announcing an Ontario COVID-19covid 19 Small Business Relief Grant for small businesse...
sullivan said. the new legislation crafted between state house and senate democrats is one a series of bills being fast-tracked in the legislature to provide different types of relief. a measure that would exempt businesses from paying taxes on covid-19 aid they received by the gove...
Deferral of Social Security Taxes Employers can defer the payment of the employer portion of the Social Security payroll taxes that are required to be withheld from the employee’s wages. The deferral applies to wages withheld from March 27, 2020 to January 1, 2021. The first half of the de...
San Jose seafood restaurant owner charged with bilking $3.5M from COVID relief funds A federal grand jury has indicted a San Jose restaurant owner with bilking $3.5 million in federal COVID-19 relief funds and spending it to refinance his home, buy a Lexus and use at a casino, charging...
Congressional leaders have hashed out a massive, year-end catchall bill that combines $900 billion in COVID-19 aid with a $1.4 trillion omnibus spending bill and reams of other unfinished legislation on taxes, energy, education and health care. The huge,
In addition, the foreign tax credit system applicable to GILTI no longer employs a “pooling” system, which had the effect of smoothing year-by-year variations in income and taxes paid. Instead, taxes attributable to GILTI must be used, if at all, in the year incurred. This “use it or...
Your clients need your help finding their way through the maze of financial relief options included in the COVID-19 stimulus bills. Here are 4 ways to help.
An overview of how tribes and tribal businesses can seek relief through the CARES Act follows. Unemployment Reimbursements to States Most tribes aren’t currently required to pay per-worker unemployment taxes. Many opt to enter into reimbursable arrangements with state unemployment programs, whereby the...
Grant Amounts and Permissible Uses Grants of up to $25K are available for use in supporting working capital. Application Process: Businesses in eligible areas must work with their local governmental units to submit applications. Small Business COVID-19 Relief Program ...
Many of these relief programs are leveraging CARES Act and Emergency Solutions Grant (ESG) funds, but may also use any remaining HOME Investment Partnerships Program funds and/or Community Development Block Grant (CDBG) funds. Any impact on DPAs will likely begin to trickle down later this year...