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Employee Retention Tax Credit (ERTC) for Coronavirus Congressional Leaders and the Administration are in intensive discussions over legislation to address the economic impacts of the coronavirus (COVID-19) and there is bipartisan support to act as quickly as possible to protect industry sectors that are in rapid decline, especially travel and tourism, and to protect employment….

Debunking the myths surrounding eligibility for disaster relief tax credits. In December of 2019, IRC §38 was modified when H.R. 1865 (116), the Further Consolidated Appropriations Act of 2020 was signed into law (Public Law No: 116-94). This provided tax relief based on wages paid to employees whose principal place of employment at the time…

Tax Extenders Have Been Renewed and New Disaster Relief Available (Florence, SC – January 16, 2019) – On Friday, December 20, 2019, President Donald J. Trump signed into law the Further Consolidated Appropriations Act, 2020 (H.R. 1865). The Act includes a tax credit package that provides a one-year extension through 2020 to the Work Opportunity…

Spending bill expected to be signed before midnight Friday.. The Senate Voted 71-23 this afternoon to pass a domestic spending package (H.R. 1865)sending the fiscal 2020 legislation to President Donald Trump before government funding expires at midnight on Friday. Eric Ueland, the president’s liaison to Congress, told reporters that Trump will sign off on the…

WOTC, EZs, IEC Extension Through 2020; Disaster Relief Included in Tax Title Amendment to Appropriations Bill Spending bill passed through the House of Representatives and is now at the Senate to be voted on. (Florence, SC – December 17, 2019) – The House of Representatives voted 297-120 this afternoon to pass a domestic spending package…

Senate Democrats and Republicans could reach an agreement to extend expiring tax provisions The emerging agreement by Congressional leaders to extend the continuing resolution (CR) funding government operations through December 20 provides negotiators both on spending and tax a month or so of additional time to reach agreement, and the negotiators (the “four corners” –…

Puerto Rico businesses can continue filing amended claims for the hurricane recovery program with new extension dates. Employers can receive up to $1,920 in benefits for each employee retained after Hurricanes Irma and Maria. The portal has also been opened and all pending claims are being paid. (San Juan, PR, Oct 15, 2019) – There’s…

Stop by Booth 158 and say hi to the Synergi Partners representatives Staffing World 2019 starts tomorrow and continues through Thursday at the MGM Grand in Las Vegas. The ASA annual convention and expo has been newly revamped for 2019 to deliver more information sharing and more networking opportunities with more ways to experience them….

Senators Richard Burr (R-NC), Thom Tillis (R-NC), Dianne Feinstein (D-CA), Kamala Harris (D-CA), Lindsey Graham (R-SC), Johnny Isakson (R-GA), and Marco Rubio (R-FL) today introduced legislation to provide tax relief to victims of several 2018 natural disasters. The bipartisan bill, the Hurricanes Florence and Michael and California Wildfire Tax Relief Act, would continue to provide…

Increased funding will assist in reducing backlog at the state level. The Senate Committee on Appropriations released the Labor, Health and Human Services, Education, and Related Agencies (Labor-HHS) Appropriations bill language on Wednesday, September 18, 2019. The bill confirms that Work Opportunity Tax Credit (WOTC) administrative funds to the states will be increased by $2…