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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 by President Joseph Biden, expanded the tax credit ...
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 ...
The company integrates with the largest payroll companies to provide a direct two-way connection between payroll and benefits automation.
A payroll loan can help you keep your employees paid while rebuilding your cash reserves. Short-term loans provide temporary relief for payroll woes, and you can use the funds for anything related ...
Global payroll provider Deel plans to provide $120 million of its own cash to help those impacted by the SVB crisis.
And for employees who are subject to state and local taxes that recognize pretax benefits, their savings can be even greater. Employers who provide the benefit as a tax-free fringe benefit (paid by the employer) save on payroll taxes because the employer does not need to include the amount of the fringe benefit in the employee's gross income.
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