COVID-19 RESOURCES
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Tax
Deduct More of your Charitable Contributions in 2020 Under the CARES Act
Many charities are seeing a shortfall of income during the coronavirus (COVID-19) pandemic. To help make up this gap, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) has increased the amount of cash donations to public charities that both individuals and businesses can deduct on their 2020 income taxes.
Benefits of Stimulus Bill for Individuals
Every Individual taxpayer who has income less than $75,000 will receive a one time stimulus check for $1,200 and married couples with income less than $150,000 will receive $2,400. An additional $500 will be given per child. Individuals earning more than $99,000 and couples earning more than $198,000 will not receive these checks.
The Employee Retention Credit: Payroll Tax Credit for Businesses During the Coronavirus Pandemic
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.
Employer Payroll Tax Credits and Payment Deferral Available for Coronavirus Relief
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
Loans
Qualifying for the US Government’s COVID-19 Stimulus Payment
The US government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide support to businesses and individuals during the coronavirus (COVID-19) pandemic. Part of the CARES Act gives stimulus payments directly to families to help them financially during the crisis. Most Americans are eligible for stimulus payments, and there may be an additional stimulus check issued in the future.
An Employer’s Guidelines for Post-Pandemic Business Operations
As the US starts to consider life after the coronavirus (COVID-19) pandemic, many businesses face a long, arduous path to recovery. In this article, we address some of the most important aspects of your business recovery journey, like workplace safety, Small Business Administration (SBA) loans, immigration changes, and safeguarding your confidential information
Main Street Lending Program
The Main Street Lending Program (MSLP) is designed to help small and medium-sized businesses maintain payroll and operations during the coronavirus (COVID-19) pandemic. It complements other US government loan programs like the Payroll Protection Program (PPP) for smaller businesses and the Primary Market Corporate Credit Facility (PMCCF) for larger businesses.
Paycheck Protection Program (PPP) Loans Can Be Forgiven Even if Employees Refuse to Return to Work
Paycheck Protection Program (PPP) loans can be forgiven even if your laid-off employee(s) refuse to return to work at the same hours and pay, according to an announcement by the US Treasury Department. Companies in this position will not be penalized with a reduced loan forgiveness amount.
Main Street Lending Program Relief Measures
The Federal Government launched the Main Street Lending Program to provide relief loans for businesses impacted by the COVID-19 pandemic. This program is aimed at helping businesses that may not have qualified for Paycheck Protection Program (PPP) loans.
COVID-19 Relief and Tax Benefits for Non-Profit Organizations
The Coronavirus Aid, Relief, and Economic Security (CARES) Act) was introduced on March 27, 2020 by the Trump government which initiated a lot of funding for businesses, including tax-exempt organizations.
States: Relief Measures
COVID-19 Relief Measures in Tennessee
The state of Tennessee has announced a number of relief measures to help employees, employers and businesses tide over the COVID-19 pandemic.
COVID-19 Relief Measures in Washington State
Ever Since COVID-19 first hit Washington state, it has been taking a series of steps to help assist businesses and workers
COVID-19 Relief Measures in Illinois
To help businesses affected by the COVID-19 pandemic, the state of Illinois has introduced a number of initiatives
Georgia Announces COVID-19 Relief Measures
Though the state of Georgia has not been as hard hit by the COVID-19 pandemic as other states, the state government has developed programs to help individuals, employees and businesses survive this difficult period.
