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In addition to loans provided by the SBA, the IRS has its own program to support businesses in the wake of COVID-19. What is it? The IRS has created an Employee Retention 2020 Tax Credit that, for eligible businesses, could equal up to 50% of the wages paid to employees. Credit is given for the first $10,000 of salary, including health benefits, paid to each eligible employee. Applies to qualified employee wages paid after March 12, 2020, and before January...

Benjy Feinberg Founder, Behalf As the founder of Behalf, I know what it’s like to go through the ups and downs of managing your own business. During booming times, and especially during the tough times, there’s nothing like being an entrepreneur and an owner. As a result of the coronavirus (COVID-19) and its impact on the world – on small businesses in particular – we’re all facing challenges that we’ve never faced before. There’s no rulebook and there’s no playbook;...