by Bronswick | Mar 12, 2021 | Blog, News
American Rescue Plan Act of 2021 President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law on Thursday afternoon. This $1.9 trillion stimulus package contains additional funding and expansion of tax credits to qualifying small businesses, assistance...
by Bronswick | Feb 16, 2021 | Blog, News
Unemployment Fraud Continues to Thrive The Illinois Department of Employment Security (IDES) has reportedly stopped around 1,000,000 fraudulent unemployment claims since March of 2020. That number continues to grow at an alarming pace. There are many consequences when...
by Bronswick | Jan 21, 2021 | Blog, News
Employee Retention Credits (ERC) Implemented as a refundable credit under the CARES Act, the employee retention credit is extended through June 30, 2021. The following also applies for calendar quarters beginning after December 31, 2020: The credit rate is increased...
by Bronswick | Jan 15, 2021 | Blog, News
PPP Application Dates Announced The application window for Paycheck Protection Program (PPP) forgivable loans will open Friday for lenders with $1 billion or less in assets, the US Small Business Administration and Treasury announced. The opening, which will take...
by Bronswick | Dec 22, 2020 | Blog, News
[vc_row][vc_column][vc_column_text] New COVID-19 Relief Bill Last night, the U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID-19 relief bill that provides more than $300 billion in aid for small businesses, $600 stimulus payments to...
by Bronswick | Sep 2, 2020 | News
Employee Payroll Tax Deferral Update On August 28, 2020, the IRS issued Notice 2020-65 that provides some needed guidance for employers in regards to the employee payroll tax deferral described in the August 8, 2020 Presidential memorandum (often referred to as an...
