Page 88 - Payroll Protection Program News Today

REP. OLSON-BUSINESS TAXES REP. OLSON-BUSINESS TAXES Last year, many small business owners accepted a federal loan in order to survive the pandemic. Now that decision could cost them tens of thousands of dollars in unexpected state tax increases.   With tax bills due in the coming weeks, State Representative Bjorn Olson (R-Elmore) said the legislature must act quickly to prevent more financial devastation on local employers.   “These business owners have suffered enough after Gover...

Real estate experts: Residential is booming, commercial is begging Paul Briand DURHAM - A panel of real estate experts at an online forum Wednesday night cited booming residential real estate but flagging commercial properties as effects of the COVID-19 pandemic. High-flying residential sales are being fueled by low interest rates, limited supply and intense interest by out-of-state buyers, according to the “Real Estate Trends in the COVID-19 Market” panel assembled by the University of Ne...

To embed, copy and paste the code into your website or blog: The Virginia Department of Taxation has issued a ruling that addresses the question “does the receipt of a PPP loan and its possible forgiveness constitute gross receipts for purposes of the Business, Professional, and Occupational License (BPOL) tax?” Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) passed in March 2020, loans were made to taxpayers under the Payroll Protection Program (PPP).  Under certa...

March 1, 2021 2020 is destined to become a year that will be remembered just by mentioning two digits, much like ’87, ’01, and ’08 have become synonymous with the events of each respective year. All someone will need to say is “remember ’20,” and we’ll know everything that number entails—from the pandemic to the presidency, and a lot in between. My outlook for this year is more significant than any in the recent past when events from one year to the next were little more than ...

The impact of COVID on retail commerce seems a minor consideration compared with the untimely death of 1,000 people. But it does impact directly the livelihoods…

Connecticut banks producing profits during pandemic, but job growth is slow By Alexander Soule FacebookTwitterEmailLinkedInRedditPinterest Photo: Ned Gerard / Hearst Connecticut Media Despite closing 2020 with their third-best profits ever, Connecticut banks entered this year having yet to bring back the jobs they shed during the COVID-19 pandemic. Statewide payrolls are at their lowest since the aftermath of the Great Recession. The jobs scenario reflects two trends in ...

Boardwalktech Reports Third Quarter Fiscal 2021 Financial Results News provided by Share this article Company Continues Progress on Fiscal Strength CUPERTINO, Calif., Feb. 26, 2021 /PRNewswire/ - (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), the leading digital ledger platform and enterprise software solutions company, is pleased to report its financial results for the three-month period ended December 31, 2020. All figures are reported in U....

The Biden Administration announced further changes to the Payroll Protection Program (PPP). These changes are aimed at increasing lending to small business and independent contractors, removing barriers to borrowing, enhancing transparency, reducing fraud, and increasing the program’s engagement with other would-be borrowers. Beginning this Wednesday, February 24, only businesses with fewer 20 employees can apply for PPP loans (first and second draw) for a period of 14 days (until March 10) ...

The Philadelphia 76ers announced today that the team has selected two Black-owned businesses in the Philadelphia area for the 76ers Buy Black Program. SPERGO is a Philadelphia-based designer apparel brand started by 15-year-old Trey Brown, while Girl Contracting, Inc.

Outlook 2021: After early pandemic glitches, Frank Adams Jewelers evolves, emerges even stronger | The Daily Gazette SECTIONS By Caroline Lee | Shares0 The customer had been planning for months to give his wife a special gift for her retirement, but it was during lockdown and Frank Adams Jewelers was closed. The custom ring was coming from Italy, deliveries were delayed and the Roberto Coin factory had closed. So Kimberly Adams Russell made do: From her home, she presented the sample ring from ...