Category: COVID-19 Stimulus Package (Military Spouses Owned Businesses)
COVID-19 Stimulus Package (Military Spouses Owned Businesses)
VA, SSI recipients with eligible children need to act by May 5 to quickly add money to their automatic Economic Impact Payment; ‘Plus $500 Push’ continues
Special alert for VA, SSI recipients who don’t file a tax return and have dependents
WASHINGTON — The Internal Revenue Service today issued a special alert for Supplemental Security Income and Department of Veterans… Read more
WASHINGTON — The Internal Revenue Service, working in partnership with the Treasury Department and the Department of Veterans Affairs, announced today that recipients of VA benefits will automatically receive automatic Economic Impact Payments.
Veterans and their beneficiaries who receive Compensation and Pension (C&P) benefit payments from VA will receive a $1,200 Economic Impact Payment with no further action needed on… Read more
Who is eligible for the Economic Impact Payment?
U.S. citizens or resident aliens who:
Have a valid Social Security number,
Could not be claimed as a dependent of another taxpayer, and
Had adjusted gross income under certain limits.
Who will receive the Economic Impact Payment automatically without taking additional steps?
Most eligible U.S. taxpayers will automatically receive their Economic Impact… Read more
Attention Veterans Who Don’t File Taxes: The Treasury, IRS launch new tool to help veterans (and others) who don’t file taxes register for Economic Impact Payments
IRS.gov feature helps people who normally don’t file get payments; second tool next week provides taxpayers with payment delivery date and provide direct deposit information
IR-2020-69, April 10, 2020
WASHINGTON — To help millions… Read more
Advance Payment of Employer Credits Due to COVID-19
Employee Retention Credit
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. Eligible employers can get immediate access to the credit by reducing employment tax deposits… Read more
Small businesses can now apply for the Paycheck Protection Program. The program is designed to keep small business workers employed & provide small businesses with capital through the nation’s banks & other lending institutions. Click the image below to download the Paycheck Protection Program Application (as well as instructions)!
Paycheck Protection Program Borrower Application Form – Veteran Owned Businesses
(adsbygoogle… Read more
We know many of our business members are being economically impacted—in some cases severely—by the Coronavirus pandemic. We recommend you take a look at the following resources that are available for you and your business including SBA Debt Relief, Paycheck Protection Program, SBA Express Bridge Loans, Economic Injury Disaster Loans and Loan Advance (including a link to the loan application),… Read more