To help manage to the impact of the coronavirus (COVID-19) pandemic, many employers who operated a business during 2020 can claim the refundable Employee Retention Credit (ERC) payroll tax credit under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The credit is equivalent to 50% of wages paid during the COVID-19 crisis.
As many businesses must adapt to the disruptions caused by the coronavirus (COVID-19) pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act creates two different employment tax credits that can offer significant relief for certain employers
The Keeping American Workers Paid and Employed Act provides relief in the form of Paycheck Protection Program (PPP) loans for small businesses and their employees who are adversely affected by the outbreak of COVID-19 (Title I of the Coronavirus Aid, Relief, and Economic Security (CARES) Act).
Many businesses are facing shortfalls in revenue, cutbacks in employment, and other disruptions caused by the coronavirus (COVID-19) pandemic.
Join Chugh, LLP’s expert CPAs to learn more about critical financing options available to your business during our pre-recorded webinar from Wednesday, April 1, 2020.
On March 27, 2020, The United States President signed the law “The Coronavirus Aid, Relief, and Economic Securities Act (CARES ACT)”, which will give significant stimulus to businesses and individuals.
Anyone who owes a federal income tax payment on April 15, 2020 that is also affected by the coronavirus (COVID-19) pandemic may file for a 90-day extension on their tax payments.
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