As deadline for PPP applications approaches, lawmakers rush to extend program through May Ledyard King, USA TODAY
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Correction & clarification: Sen. Jeanne Shaheen, D-N.H., is a co-sponsor of the bill to extend the application deadline for the Paycheck Protection Program.
WASHINGTON – Scores of small businesses squeezed by the COVID-19 pandemic soon could find themselves shut out of a popular federal assistance program.
Nearly a year after Congress created the Paycheck Protection Program to help locally owned stores, restaurants and service providers survive the crisis, it will stop taking applications March 31.
That s despite a backlog of requests that have been unable to move quickly through the system and might not be processed in time.
Thanks to the stimulus programs, there are now five ways small can save big on their taxes in 2021 … and even get money back. The signing of the American Rescue Act this week means that more than $5tn has been spent on stimulus programs in the US to fight the economic impact of the Covid pandemic. A significant amount of this money has been earmarked towards funding small businesses, such as the paycheck protection program and the economic.
The Massachusetts State House. (Jesse Costa/WBUR)
The Massachusetts House unanimously approved a wide-ranging tax relief, paid emergency sick leave and unemployment system funding bill Thursday that would soften jobless aid insurance premium hikes set to hit businesses in the coming weeks.
Both laid-off workers and employers stand to gain access to tax breaks under the bill, which is built on a Gov. Charlie Baker proposal aimed at stabilizing the state s unemployment system and also includes provisions such as creation of a paid sick leave program for employees who are affected by COVID-19 and tax breaks on any forgiven Paycheck Protection Program loans from 2020.
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