IRS’s Top Problem Is Unpaid COVID Relief for 1 Million Businesses: Report

IRS’s Top Problem Is Unpaid COVID Relief for 1 Million Businesses: Report

The IRS’s handling of a COVID-era tax credit ranks as the agency’s most serious problem, hurting “countless eligible businesses,” a government watchdog says. Missteps have plagued the Employee Retention Credit program, a report from Erin Collins, the national taxpayer advocate, said. The tax credit compensates employers who kept people on their payrolls despite negative effects from pandemic mandates during 2020–21. Applications piled up while I…

Flint announces COVID recovery grants for small businesses - Flint Beat

FLINT, Mich. — A new initiative aims to help local small businesses still grappling with the long-term effects of the COVID-19 pandemic.The City of Flint, in partnership with LISC Flint, has launched the Flint Small Business Rescue Fund to award one-time reimbursement grants of up to $20,000 to 20 eligible small businesses within Flint city limits. The program is funded through American Rescue Plan Act (ARPA) dollars.The application window opens…

City of Flint and LISC Launch Small Business Rescue Fund to Support Post-Pandemic Recovery - City of Flint

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