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Payroll Tax

CARES Act Provides Tax Credits for Employers Who Must Shut Down Due to Coronavirus, but Continue to Pay Employees

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is a massive stimulus package that became law on March 27, 2020. In total, the bill provides roughly $2 trillion, making it the largest economic stimulus bill in U.S. history. One noteworthy provision for small businesses involves a refundable employment…

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