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Extends "loss limitation" restrictions on unincorporated businesses (will generate $31 billion in tax revenue) Grants to small businesses, specifically: $28.6 billion for the Restaurant Revitalization Fund, a new grant program for restaurants and bars to meet payroll and other expenses. Individual businesses will be eligible for $5 million each.
The Paycheck Protection Program ( PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations ...
FICA — aka Federal Insurance Contributions Act — tax is a U.S. federal payroll tax that is deducted from each paycheck. Overall, the FICA tax rate is 7.65%: 6.2% goes toward Social Security ...
Gusto, Inc. is a company that provides a cloud-based payroll, benefits, and human resource management software for businesses based in the United States.Gusto handles payments to employees, and contractors and also handles electronically the paperwork necessary to help client companies comply with tax, labor, and immigration laws.
Californians will receive financial relief through the Middle Class Tax Refund program. This is a one-time payment of up to $1,050, depending on your income and family situation.
But lest you think such sentimentality means Gusto is not a serious business, consider that the HR and payroll software company generated north of $500 million in revenue in its 2023 fiscal year ...
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