What’s the Paycheck Protection Program? Paycheck Protection Program is a loan program that originated in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Initially, the $350-billion program assigned to provide American small businesses with eight weeks of cash-flow assistance through 100 percent federally secured loans. The Small Business Administration provides financial aid to the […]
WOTC stands for Work Opportunity Tax Credit. According to the U.S. Department of Labor, WOTC “is a Federal tax credit available to employers for hiring individuals from certain target groups
Due to Coronavirus, the Federal Government created the Provider Relief Fund to provide financial assistance to healthcare providers during the COVID-19 pandemic.
Employee retention credits are being extended into 2021. The revenue reduction requirement is now lower and businesses that received a PPP loan are now eligible to apply.