The U.S. IRS has issued a release to remind employers of three new credits being provided for businesses hit by COVID-19.
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IRS: Three new credits are available to many businesses hit by COVID-19
IR-2020-89, May 7, 2020
WASHINGTON — The Internal Revenue Service today reminds employers affected by COVID-19 about three important new credits available to them.
Employee Retention Credit:
The employee retention credit is designed to encourage businesses to keep employees on their payroll…