IRS Issues Updated Form 8894

The Internal Revenue Service (IRS) has issued an updated Form 8994, which is used by employers to determine the tax credit for providing paid family and medical leave. To claim the credit, eligible employers must have a written program that pays at least 50% of wages to qualified employees for at least two weeks of annual paid family and medical leave. An eligible employer that pays 50% of wages may claim a general business credit of 12.5% of wages paid for up…

Continue ReadingIRS Issues Updated Form 8894

CDC Urges Public to Avoid Travel

CDC Urges Public to Avoid Travel In a recent White House briefing, Centers for Disease Control and Prevention (CDC) Director Dr. Rochelle Walensky recommended that Americans continue to avoid travel. Specifically, Walensky said that air travel is a high-risk activity for COVID-19 spread as “there’s more gathering that happens in airports.” Walensky’s statement is consistent with the CDC’s online travel guidance, which states that cases “are extremely high” and urges Americans, “Delay travel and stay home to protect yourself and others from…

Continue ReadingCDC Urges Public to Avoid Travel

Biden Extends Eviction Moratorium and Student Loan Forbearance

President Joe Biden On day one of his presidency, President Joe Biden signed multiple executive actions on a wide array of topics, including an extension of the moratorium on eviction protections and an extension of federal student loan forbearance. The eviction moratorium will extend certain eviction protections through the Centers for Disease Control and Prevention (CDC) until the end of March. These protections were set to expire at the end of January. Additionally, Biden intends on asking federal agencies, including the U.S.…

Continue ReadingBiden Extends Eviction Moratorium and Student Loan Forbearance

New COVID-19 Strain Spreading Across United States

  According to the Centers for Disease Control and Prevention (CDC), a new variant of COVID-19 has been reported in the United States. Referred to as B.1.1.7, this strain of the coronavirus was identified in the United Kingdom before it was detected in the United States. As of this writing, B.1.1.7 cases have been confirmed in California, Florida, New York, Georgia, Colorado, Connecticut, Texas and Pennsylvania. Thus far, knowledge of this new COVID-19 strain is minimal, though health experts believe that the…

Continue ReadingNew COVID-19 Strain Spreading Across United States
Read more about the article Paycheck Protection Loans Are Back!
Closeup image of a woman holding and showing American dollar banknotes for money and financial concept

Paycheck Protection Loans Are Back!

  The U.S. Department of Treasury and the U.S. Small Business Administration (SBA) have announced that beginning Monday, Jan. 11, applications will be accepted for the second round of loans in the SBA’s Payment Protection Program (PPP). This second round includes $284 billion in funding that was allocated for the PPP in the stimulus bill passed on Dec. 27, 2020. This round of funding will run through March 31, 2021. The second round of PPP loans provides eligibility to new borrowers and…

Continue ReadingPaycheck Protection Loans Are Back!

End of content

No more pages to load