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Monthly Archives: May 2020

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Last Chance for Quick Delivery of Economic Impact Payments

IRSBy AlexeyMay 12, 2020

According to a recent IRS publication from May 8, the last chance for taxpayers to obtain a direct deposit for their Economic Impact Payments is noon Wednesday, May 13. To get a direct deposit eligible taxpayers must provide their information on the Get My Payment page of the IRS website by the deadline. “After noon…

SBA Extends Safe-Harbor Period to Return Paycheck Protection Program Funds to May 14

SBA, TreasuryBy AlexeyMay 11, 2020

The Small Business Administration (SBA) has extended the period for returning loans received by businesses through the Paycheck Protection Program in order to be eligible for the Employee Retention Credit. As stated in an update on May 6, 2020, from the Paycheck Protection Program Loans FAQs in Question 45 “An employer that applied for a…

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