President Donald Trump said Monday that his administration will ask Congress to approve a possible payroll tax cut and provide "very substantial relief" for hourly workers and industries hit by the COVID-19 outbreak. "We are going to be asking tomorrow -- we're seeing the Senate. We're ...
but have also been firm on the need for an “interim emergency” bill, which would contain changes to the small business relief program to help disadvantaged and minority-owned businesses, and would help hospitals and state governments. The potential hospital funding the White House cited...
Senate voted unanimously (96-0) to pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act as an attempt to stabilize the U.S. economy disruptions in the wake of the COVID-19 pandemic. The CARES Act aims to boost the economy with over $2 trillion in tax and non-tax ...
Signed by the President on March 30, 2021, thePPP Extension Act of 2021gives businesses until 5/31/2021 to apply for a PPP loan. Based on available funding, the current lending rate, and pending applications, the SBA projects that funding may last only until mid-April. ...
Gusto has a great resource hub to help small businesses navigate through the Covid pandemic. Find the latest news and policies, including information about relief options. What Can Be ImprovedWhile Gusto's online payroll services are overall great, their customer support could use some improvement....
2020 COVID-19 Payroll Taxes SuspendedPlease read IRS Notice 2020-22 regarding the CARES (Coronavirus Aid, Relief, and Economic Security) Act which allowed eligible employers to defer payment of the employer's share of FICA between March 27 and December 31, 2020. The deferred payments are due ...
Short-term loans provide temporary relief for payroll woes, and you can use the funds for anything related to your business. What is a payroll loan? Payroll loans are business loans that provide funding for businesses that may be short on cash for things like employee benefits, wages and payr...
Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said "The Chancellor's unprecedented package of emergency funding and tax support will come as a huge relief to automotive companies of all shapes and sizes as they battle to safeguard their businesses and support thous...
Businesses struggling with the economic impact of the COVID-19 pandemic crisis received good news late last night when the Senate passed an unprecedented piece of legislation aimed at providing a massive stimulus to workplaces and employees alike. The centerpiece of the Coronavirus Aid, Relief and ...
COVID-19 GOVERNMENT FUNDING PROGRAMS FOR SMALL BUSINESSES & INDIVIDUALS Up to $40,000 Interest Free Loan - Terms to know $2000 Grant - Who qualifies and how to apply What is the 75% wage subsidy and how to apply 10% of income tax relief for employers - How to apply Learn More ...