Americans from all walks of life are eagerly awaiting news about the new stimulus bill. The new stimulus package’s final passage has yet to occur, but President Biden and the Democrats are pressing hard to get it signed into law. Already passed by the house and soon to be facing
Congressional Democrats and Republicans agreed on a new, $900 billion pandemic relief package after months of negotiations. This is great news for millions of Americans now unemployed due to the coronavirus pandemic. In the package are provisions that will provide enhanced unemployment benefits to workers who are jobless in these
December 21, 2020, was a historic day as a new stimulus relief bill was passed by Congress and signed into law by President Trump on December 27, 2020. People who are eligible have already stated receiving their second stimulus check from the IRS. The stimulus payment cutoff has been set
With suddenly-rising unemployment rates and many households turning to credit cards to pay living expenses, the need for consolidating credit card debts will increase throughout 2020 and beyond. The best debt consolidation options during and after the coronavirus pandemic include do-it-yourself repayment plans, debt management programs through nonprofit credit counseling
Pandemic Unemployment Assistance (PUA) is a program that temporarily expands unemployment insurance (UI) eligibility to self-employed workers, freelancers, independent contractors, and part-time workers impacted by the coronavirus pandemic in 2020. PUA is one of the programs established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2-trillion coronavirus
Congress is all set to start negotiations on the next round of stimulus packages that will have a massive impact on American businesses. It will be a welcome relief for business owners as new measures will bring tax relief, renewed access to forgivable loans, and more. The previous stimulus measures
For all small business owners who have applied for an EIDL advance grant, you will be eligible for up to $10,000. The SBA emergency grant is one of the temporary programs that is designed to offer financial relief as part of the CARES Act. As of June 15, 2020, the
The Internal Revenue Service (IRS) and the Department of the Treasury on May 7, 2020, decided to revise their frequently asked questions (FAQs) guidance on the Employee Retention Credit to allow employers that don’t pay wages but continue to cover the health plan expenses for laid-off or furloughed employees, to
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