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The BofA report found that payroll payments rose 1.7% in December at small businesses. Data is culled from Bank of America's business clients with less than $5 million in annual revenue.
Ufuk Akcigit, a University of Chicago economics professor who has developed a small business hiring index using anonymized payrolls data from Intuit's QuickBooks accounting software clients, said ...
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 ...
The government and Small Business Administration offered guaranteed Paycheck Protection Program (PPP) loans during COVID-19 that were forgiven if businesses maintained their employees on payroll ...
In the United States, payroll taxes are used to support Social Security and Medicare costs while income taxes are used for other federal and state programs. In Canada, payroll taxes are used to support the government's Pension Plan (CPP or QPP) and Employment Insurance program (EI) while income taxes are used to fund public healthcare and other ...
Paychex, Inc., headquartered in Rochester, New York, is a provider of human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses. [1] The company has more than 100 offices serving approximately 740,000 payroll clients in the U.S. and Europe. [1] Paychex is ranked 681st on the Fortune 500 list of ...
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