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A Ravenna company has received a 10-year, 100% tax abatement for its second expansion since it moved to the city in 2012.. Brad Ehrhart, president of the Portage Development Board, said Springseal ...
IRS officials say the Employee Retention Tax Credit program has been a magnet for unscrupulous promoters who filed a "tsunami of bad claims." Bogus 'tax service specialists' duped business owners ...
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 ...
The company’s financial woes haven’t prevented it, however, from creating a “Key Employee Retention Plan,” for 15 of the 19 full-time employees, which sets aside $773,000, or roughly ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. 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 ...
Retention period. A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or "retained", irrespective of format (paper, electronic, or other).
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