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  2. Employee Retention Credit - Wikipedia

    en.wikipedia.org/wiki/Employee_Retention_Credit

    The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3] The American Rescue Plan Act of 2021, signed into law ...

  3. IRS rejects claims from 20,000 taxpayers for lucrative small ...

    www.aol.com/finance/irs-rejects-claims-20-000...

    The IRS sent out 20,000 correspondence letters disqualifying these taxpayers from claiming the Employee Retention Credit, or ERC. ... 2024 tornado tally more than 100 higher than historical average.

  4. There’s Still Time for Your Small Business To Claim the ...

    www.aol.com/still-time-small-business-claim...

    Businesses with 100 or fewer full-time employees may qualify for a 100% employee wage credit. This is applicable whether the business is open for business or subject to a shutdown order.

  5. IRS claws back money given to businesses under fraud-ridden ...

    www.aol.com/news/irs-claws-back-money-given...

    April 2, 2024 at 10:17 AM. NEW YORK (AP) — The IRS says it's making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed ...

  6. Paycheck Protection Program - Wikipedia

    en.wikipedia.org/wiki/Paycheck_Protection_Program

    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 ...

  7. CARES Act - Wikipedia

    en.wikipedia.org/wiki/CARES_Act

    Provides a refundable employee retention tax credit for employers whose operations were suspended due to COVID-19 or whose revenue has significantly decreased due to COVID-19. The tax credit is equal to 50% of qualified wages paid between March 13, 2020, and December 31, 2020. Maximum credit is $5,000 per employee.

  8. Here’s Every 2024 Tax Deadline You Should Know - AOL

    www.aol.com/finance/every-2024-tax-deadline-know...

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  9. Gravity Payments - Wikipedia

    en.wikipedia.org/wiki/Gravity_Payments

    www .gravitypayments .com. Gravity Payments is a credit card processing and financial services company. It was founded in 2004 by Lucas and Dan Price. The company is headquartered in the Ballard neighborhood of Seattle, Washington and employs 240 people. [1] As of November 2021, [update] Dan Price is the only shareholder and the only member of ...

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