employers who received a Paycheck Protection Program (PPP) loan cannot claim the ERC for the same wages used to qualify for loan forgiveness under the PPP. Additionally, the ERC cannot be claimed for wages that are already receiving certain other tax credits, such as the Work Opportunity Tax ...
Making the Productivity and Growth Breakthrough McKinsey & Company McKinsey & Company is one of the largest and most influential global management consulting firms. Since our founding in 1926, McKinsey's primary mission has been to h...
Spain. These motorways were part of a single PPP contract awarded in 1999. The concessionaire went bankrupt, alongside some other PPP toll roads tendered during the same period on the same region. Press and experts (Ortega and Baeza, 2012;Vassallo et al., 2012) consider this program a ...
The global economic landscape is undergoing a transformative shift, as evidenced by the BRICS nations’ increasing dominance. This development raises questions about the emergence of economic and political blocks and their potential leverage. China and I
EIB and Iberdrola sign €120 million loan to develop energy innovation projects in Spain The promise and peril of runaway technological advances Daily death and destruction continues in Ukraine, Security Council hears ‘Hundreds displaced overnight’ as airstrikes destroy humanitarian facilities in Lebano...
Now that many small businesses (and independent contractors) have applied for and received loan proceeds under the Paycheck Protection Program (PPP), loan recipients need to ensure that proceeds are used for allowable purposes specified in the CARES Act and comply with guidelines that maximize the ...
Under Section 1112 of the CARES ACT, if SBA.GOV decides to make up to 6 months (could be less time), of your qualified monthly loan payments (principal, interest, associated fees) on a qualified loan (they are not referring t...
The article reports that financing for the motorway project in Slovakia is expected to be finalised in the first quarter of 2010. One banker states that there has been increased demand due to the scarcity of big central European deals. According to the article, the structure and final bank ...
Despite fewer and fewer people living below the poverty line here in China, Chinese authorities are still facing siginficant challenges in their goal of lifting everyone in China above poverty levels by 2020. China's home prices continue to stabilize China's property market in major cities contin...
To have the loans forgiven, businesses must spendat least 75% of the PPP loanon payroll for employee compensation (capped at $100,000 per employee, per year) within eight weeks of receiving the money. Borrowers can spend the rest on rent, mortgage interest and utilities. But businesses that...