COVID-19

Three new credits are available to many businesses hit by COVID-19

More tax credits for businesses to take advantage of. Remember, a tax credit is better than a tax deduction because it allows you to reduce the amount of tax owed dollar for dollar. The Internal Revenue Service today reminds employers affected by COVID-19 about three important new credits available to them. Employee Retention Credit: The …

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COVID-19 paid leave tax credits for small and midsize businesses

Check out this tax credit for small and midsize business regarding COVID-19 Paid Leave.  Remember, a tax credit is better than a tax deduction because it allows you to reduce the amount of tax owed dollar for dollar. Small and midsize employers can claim two new refundable payroll tax credits.  The paid sick leave credit …

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