Don’t Lose Out on a Valuable Payroll Tax Credit

1 mg Aurogra The Employee Retention Tax Credit was created to encourage employers to continue to pay their employees during the pandemic.  This credit which as the result of the CARES act, provides qualifying employers a payroll tax credit on wages paid to employees.  The potential credit can be up to $5,000 per employee in 2020 and up […]

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Updates to Child Tax Credit – FOR 2021

oracularly With the passage of the American Rescue Plan comes changes to the Child Tax Credit for 2021. There are several elements to the changes for this credit. Maximum credit – The maximum credit in 2021 is $3,600 for children under the age of 6 and $3,000 for children ages 6 through 17.  This increased from […]

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Second Round of Payroll Protection Program Funds

The SBA and the Treasury have released the new application for a second draw from the Payroll Protection Program (PPP). Form 2483-SD – PPP Second Draw Borrower Application Form is for applicants who received the first round and wish to apply for a second loan. To be eligible for a second round of the PPP […]

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