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Religious groups got $108 million in local Paycheck Protection loans

Religious groups got $108 million in local Paycheck Protection loans Was it money well spent? Posted: 4:49 PM, Jan 07, 2021 Updated: 2021-01-11 09:33:00-05 Scripps CINCINNATI - Pastor Brian Tome was surprised in April when he learned Crossroads Community Church was eligible for a Paycheck Protection loan. “We were going, wait a minute, really? Churches are generally left out of those kind of programs,” he said. Joe Simon A vigil was held on Friday for the victims in Thursday s shooting at Fifth Third Center. Brian Tome continues words of encouragement. But Tome is convinced taxpayers got plenty of value from extending a $3.6 million forgivable loan to his congregation.

Politics; Inadequate Covid-19 Relief Passed By Congress Akin To Sending Firefighters In To Clear Up Embers : ThyBlackMan com

ThyBlackMan.com) “I wish they would put themselves the White House and Congress and everybody else making these decisions in the shoes of us, the normal working people, who need help due to no fault of our own. I’m asking to be able to keep my apartment. To be able to live, and not live on the street. I’m not asking to be put in a golden apartment or anything. I just want to be able to live.” – Unemployed teacher Stephanie Lott, quoted in  Earlier this week, it appeared President Trump was about to sign the long-overdue -and grossly inadequate COVID-19 relief legislation that Congress passed on Monday night. As of Christmas Eve, however, the fate of the bill remained uncertain as President Trump threatened to veto the bill unless the amount of direct payment checks were increased from $600 to $2,000.

Biz Talk: Farewell 2020, Hello 2021! (Hold on Maybe Not *Quite* Yet)

This week marks the official beginning of the holiday season. Sugar plums and New Year’s Eve preparations are generally at hand; however, many business owners are navigating the negative impact of the current health pandemic on their business. What are the key action items you should do for your business before the year ends? BizLaunch recommends these five steps to take before we say hello to 2021: 1. Before the year ends check in with your accountant. Before you know it, tax season will be upon us during the first quarter of 2021. If your business was awarded a CARES Act forgivable grant from a government entity you will need to take the funds in as income. You will want to know how those funds will impact your bottom line before the tax season begins. The Paycheck Protection Loans (PPP) have new guidance as well from the U.S. Treasury and Internal Revenue Service (IRS). The Treasury Department encourages businesses to utilize the forgiveness portion of the PPP as soon as poss

What the $900 Billion Stimulus Bill Means for the Food, Beverage and Hospitality Industry | Ervin Cohen & Jessup LLP

To embed, copy and paste the code into your website or blog: On December 21, 2020, Congress agreed to a $900 billion stimulus bill, passed as The Consolidated Appropriations Act, 2021 (“the Act”). The 5,593-page Act includes funds designated for direct relief, additional money for forgivable Paycheck Protection Loans and tax relief measures, but does not include funding specifically for restaurants or hotels. Paycheck Protection Program Second Draw Loans: The Act sets aside $300 billion in additional Paycheck Protection Loans. Of that, $15 billion is earmarked for live entertainment venues and $20 billion is set aside for businesses in low-income communities. Businesses with fewer than 300 employees are eligible for a maximum of $2 million in loans.

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