Income tax payment deadlines for individual and corporate income returns with a due date of April 15, 2020, are extended until July 15, 2020. This payment relief applies to all individual income tax returns, income tax returns filed by C Corporations, and income tax returns filed by trusts or...
A second opportunity for financial relief for small businesses exists in the SBA’s Economic Injury Disaster Loan (or EIDL). With the EIDL, business owners can receive up to $2 million, with $10,000 of economic relief in the form of an advance thatdoes not have to be repaid, provided y...
R-Pa., led the push for small business relief last month. They said in a letter Congress should provide cash for the industries that might be the most impacted by omicron through the Restaurant Revitalization Fund (RRF). The RRF ran out of money in the fall. ...
SMALL BUSINESS RELIEF IN THE TIME OF COVID-19: DESERVINGNESS JUDGMENTS LEAD THE PPP TO FAILUREHENDRICKS, BLAIRJournal of Civil Rights & Economic Development
The expansion of the EIDL loan increase in September 2021 has been a big relief for most business owners in America. Application for it can be made if you satisfy the eligibility requirements You can apply for EIDL online through the SBA portal or even make an application via email. It is...
Information for Businesses that received COVID-19 relief programs Canada Emergency Business Account (CEBA) Business Development Canada (BDC) Co-Lending Program EDC Business Credit Availability Program (BCAP) Investissement Québec (IQ) Programme d'actions concertée temporaire pour les entreprises (PACTE...
加拿大政府已宣布,为享受部分贷款宽限,加拿大应急商业款项(CEBA)贷款的还款最后期限已从2022年12月31日延长至2024年1月18日,这适用于信誉良好且符合条件的借款人。信誉良好且符合条件的借款人在2024年1月19日之前也无需支付CEBA贷款的利息,在此日期之后将按5%的年利率按月支付利息。 CEBA贷款申请期截至2021年6月...
As part of an end-of-year pandemic relief package, Congress has passed several changes to the Paycheck Protection Program (PPP) and created a “Second Draw” PPP for small businesses who have exhausted their initial loan. Other changes impact eligibility for initial PPP loans, the loan forgivene...
Tax payment extensions for income taxes; property taxes and June accelerated sales tax. Provisions relating to angel tax credit and clarification on the taxation of PPP loans. The tax bill passed by the Senate today would bring much-needed relief to small businesses who are trying to stay afloa...
While this relief was targeted towards individuals and not firms, it does appear to have bolstered the balances of small businesses. The bottom panel of Figure 2 puts these balance changes in context by showing the progression of revenues and expenses for the...