Tag Archives: paycheck protection

How COVID Subsidies and Relief Programs Impact Business Taxes in 2021

Businesses backed by coronavirus relief funding could face a new wave of uncertainty this tax-reporting season as rules about how that money should be reported on federal and state income taxes keep changing. NerdWallet – NerdWallet Congress has created coronavirus relief programs like the Paycheck Protection Program and the tax-exempt …

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Olympic medalist accused of stealing millions in COVID-19 relief money

Find out what clicks on FoxBusiness.com. When the COVID-19 pandemic began nearly two years ago, scammers immediately began siphoning off billions of federal relief dollars approved by Congress. COMPANIES RETURNED $30B IN VIRUS RELIEF LOANS THROUGH PPP Authorities say these fraudsters include Allison Baver, a former Olympic speed skater who …

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Trump, Ivanka and Don Jr subpoenaed by New York attorney general

NEW YORK (AP) – The New York attorney general recently subpoenaed former President Donald Trump and his two eldest children, Ivanka and Donald Trump Jr., demanding their testimony as part of a civil investigation into the practices family business, according to a court case. public Monday. The subpoenas, arising from …

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Biz Buzz: Game design and retail store in Rexburg wants you to have an unforgettable experience

Do you want to know what’s going on in the East Idaho business scene? We have what you need. Here’s a look at this week’s economic news across the valley. BIZ BUZZ REXBOURG Game store in Rexburg provides fun experience for customers Joseph Brower poses for a photo inside his …

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Nearly $ 100 billion stolen from pandemic relief funds – ABC4 Utah

through: JENNIFER McDERMOTT, Associate Press Posted: December 21, 2021 / 5:23 PM MST / Update: December 21, 2021 / 10:34 PM MST FILE – The web pages used to view information about UI collection in Virginia, right, and to report fraud and identity theft in Pennsylvania, are displayed on the …

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Former Olympian Who Received Millions In PPP Loans Charged With Financial Crimes In Utah

Former Olympian Allison Baver has been charged with several counts arising from a $ 10 million PPP loan she received in 2020 (KSL-TV) Estimated reading time: 3-4 minutes SALT LAKE CITY – A former Olympic speed skater and current Utah resident faces charges of lying to a bank to get …

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After the FBI raid, Quiboloy still received COVID money from the US government

RICH BY THE FBI IN 2020 Apollo Quiboloy’s Kingdom of Jesus Christ, the church of the name above every name in Los Angeles, California —DANNY PETILLA LOS ANGELES — Is the self-describing “designated son of God” just another mortal seeking mammon? Apollo Quiboloy, spiritual advisor to President Duterte recently indicted …

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WASHINGTON FEDERAL INC. Management’s Discussion and Analysis of Financial Position and Operating Results (Form 10-K)

This discussion should be read in conjunction with our Consolidated Financial Statements and related notes in "Item 8. Financial Statements and Supplementary Data" of this report. In the following discussion, unless otherwise noted, references to increases or decreases in average balances in items of income and expense for a particular …

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Company sues Colorado for using racial preferences in granting COVID-19 relief grants

Find out what clicks on FoxBusiness.com. A Colorado event planning company is suing the state’s Office of Economic Development and International Trade over a bid to block racial preferences in the distribution of COVID-19 relief funds. “We believe that the government should treat individuals as individuals”, Wen Fa, an attorney …

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KeyBank Double SBA 7 (a) Lendi

CLEVELAND, October 7, 2021 CLEVELAND, October 7, 2021 / PRNewswire / – KeyBank today announced that it has granted 947 loans for a total of $ 434 million in the SBA’s 2021 fiscal year, more than doubling its number of individual small business unit loan approvals from 2020. The volume …

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Business in Brief: 10/06/21 | Business

Fundamental HR workshop TRAVERSE CITY – The Northwestern Michigan Region Small Business Development Center and Northwestern Michigan College Extended Education Services are co-sponsoring a human resources workshop on October 7. Annie Olds, SBDC Regional Director and Business Consultant, leads the workshop from 10 a.m. to 11:30 a.m. in room 209 …

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Atlanta star sentenced to 17 years for PPP loan fraud

Maurice Fayne, known as Arkansas Mo, defrauded more than $ 2 million at United Community Bank. He must pay more than $ 4 million in restitution. Maurice fayne, also known as the Arkansas Mo, which once featured on Love and hip-hop: Atlanta, was sentenced to 17 years and six months …

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Not Enough Money for Everyone in Restaurant Revitalization Fund extends struggles for local operators in hard-hit industry | Food News | Spokane | The interior of the Pacific Northwest

Click to enlarge Photo of young Kwak Homeowners Lisa and Scott Poole qualified for $ 600,000 in federal aid, but received none. Wlong-awaited federal aid hen for the pandemic-stricken national restaurant industry finally became available in May thanks to the $ 28.6 billion Restaurant Revitalization Fund, restaurants in the Northwest …

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Utah bankruptcies actually plummeted during COVID-19. Here’s why.

The economic devastation of the pandemic in Utah has not triggered an increase in personal or business bankruptcies. At least not so far. On the contrary: The Hive State recorded 7,641 personal bankruptcies last year under Chapters 7 and 13, down 22.7% in a year of uproar and COVID-19 lockdowns …

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Square launches small business banking

July 20 (Reuters) – Square Inc (SQ.N), the company led by Jack Dorsey, CEO of Twitter Inc (TWTR.N), launches banking services for small businesses, as it continues to expand at- beyond payment processing. Square Banking will offer small businesses savings and chequing accounts, as well as its existing loan offering …

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Danny Meyer wants alfresco dining to save New York

“Someone sent me a box of hot dogs,” Danny Meyer said as he entered Union Square Café, his oldest restaurant, holding a large cardboard package. He placed the package on the bar, took off his mask, and opened a cover letter, from the owner of a series of hot dog …

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Tax Day: IRS Extends 2020 Tax and Payment Filing Date from April 15, 2021 to May 17, 2021

PHILADELPHIA – April 15 falls on Thursday this week. Normally, of course, this would be the day your taxes are due. But there has been nothing normal over the past year. The good news is you’ll have one more month to file your 2020 return. But the filing deadline isn’t …

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Zions Bancorporation announces its intention to adopt AMERIBOR® as the benchmark rate in numerous commercial loan agreements

SALT LAKE CITY – (BUSINESS WIRE) – Zions Bancorporation (NASDAQ: ZION) today announced its intention to adopt AMERIBOR® as a replacement index for the London Inter-Bank Offered Rate (LIBOR) for the majority of its non-syndicated commercial loans currently indexed to the LIBOR. LIBOR is being phased out globally, and U.S. …

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Utah truck driver pleads guilty to paying bribes

[Stay on top of transportation news: Get TTNews in your inbox.] A Utah man pleaded guilty to paying $ 490,000 in bribes between 2012 and 2019 in order to direct $ 24 million in business to the trucking operations he founded. Hubert Ugarte, 52, of Draper, Utah, also earlier this …

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Utah trucking company owner pleads guilty to bribery with FedEx

The owner of a Utah trucking company pleaded guilty to his role in two separate fraud schemes last week in federal court. Hubert Ivan Ugarte, 52, of Draper, Utah, initially pleaded guilty to a federal corruption case involving the acquisition of shipping routes under contract with FedEx Ground worth $ …

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Cache Valley Bank senior vice president bids farewell after 44 years serving southern Utah

Composite image. Background photo of the Tabernacle branch of Cache Valley Bank in St. George, Utah, date unspecified. Inset image of Sheldon T. Banks, outgoing senior vice president of Cache Valley Bank, date and location unspecified | Photo courtesy of Cache Valley Bank, St. George News CONTRIBUTED CONTENT – After …

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COVID-19 PPP loan applications due March 31

WINDOW ROCK, Arizona. The American Rescue Plan Act, which was enacted last week, invested an additional $ 7.5 billion in the popular Paycheck Protection Program, including expanding eligibility to nonprofits and digital news services. But time is running out to apply. Applications must be submitted by March 31, when the …

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Your Money: Get Help or Go Bankrupt? Small businesses face the dilemma

NEW YORK (Reuters) – Sara Pauly is not one of those small business owners scrambling to file paperwork for some of the more than $350 billion in government aid available through the Paycheck Protection Program or the loan in case of economic disaster. FILE PHOTO: The New York skyline and …

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Biden Says Small Businesses Missed 40% of Bailout Funds :: WRAL.com

By Eric Litke, PolitiFact reporter During a La Crosse-focused virtual campaign stop on May 20, 2020, Democratic presidential nominee Joe Biden took aim at the federal government’s response to small business issues. In early May 2020, nearly one in three small businesses said they were temporarily closing, and nearly a …

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Restaurants at the mercy of coronavirus as US government loan money vanishes

The check has arrived, and beleaguered restaurant owners across America are looking down on their empty wallets. Government coronavirus loans in the spring helped food establishments rehire laid-off employees and ride out the initial wave of the pandemic and wave of shutdown orders. But that Paycheck Protection Program (PPP) money …

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PPP loan recipients include over 15,000 service providers

More than 15,000 companies in the IT services sector have received loans under the federal government’s Paycheck Protection Program. The Small Business Administration (SBA) released data this week on recipients of Paycheck Protection Program (PPP) loans at the $150,000 level and above. The data covers about 75% of the …

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Small businesses are losing confidence in their survival

Small businesses have largely exhausted their federal funding and are beginning to lay off workers, with many fearing they may have to shut down permanently, according to a new Goldman Sachs survey provided exclusively to Axios. Why is this important: Business has still not returned to normal, six months after …

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Marco Rubio now against disclosure of PPP loan amounts

WASHINGTON In April, Florida Republican Senator Marco Rubio said he would fight to make sure the public knew which companies had received taxpayer-backed coronavirus relief loans that totaled $511 billion. “At the end of the day, we’re going to find out one way or another who got that money,” Rubio …

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SBA Relief Loan Options: What is Best for Dentists?

By Mark Schmidt As dentists grapple with the COVID-19 crisis, mandatory office closings and limited patient appointments leave many concerned about the future. Without income, cash flow is limited to cover even day-to-day operational costs and expenses. With so much information available on federal government relief programs, many are unsure …

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Incentive program allows restaurants to pay workers’ tips as well as wages

Loading Something is loading. We are really sorry! We encountered a system failure and were unable to take your email this time. Thank you for signing up! The enactment of a new $ 2.2 trillion stimulus package by President Trump last week is offering small businesses a lifeline in the …

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Cleveland grants COVID-19 loans to 113 small businesses | New

Angela Sharpley opened Pipe’N Hot Grill at the end of January, only to see the coronavirus pandemic threatening to dry up her business two months later. This week, his seafood restaurant in Cleveland’s GlenVillage development was among 113 local businesses to win a total of $ 1.1 million in emergency …

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U.S. House votes to relax coronavirus-related small business loan program

The United States House voted Thursday to give small businesses financially strapped by the COVID-19 crisis more flexibility to spend forgivable loans on wages and expenses for the popular paycheck protection program of the government. The 417-1 vote sends the measure to the Senate, which can request changes. Sponsors of …

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Phunware, a data company for the Trump campaign, has secured millions in small business aid against coronaviruses

Digital technology company specializing in mass collection of location data from smartphones and working for President Donald Trump’s re-election campaign has received millions from the federal government coronavirus relief fund for small businesses. The Phunware company, which now has around 60 employees, was eligible for the low-interest loan through the …

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Big banks profit from white supremacy. They should reimburse PPP fees to black and Latino communities

As we witnessed the shooting of Jacob Blake following the murder of George Floyd by police, we are reminded that state sanctioned violence against black men and women is the most painful and most painful way. odious whose white supremacy is maintained, but it is not the only way. We’ve …

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Second try to help small and minority businesses | Technology

President Joe Biden visited a hardware store in the nation’s capital last Tuesday to highlight changes he made to the paycheck protection program for the benefit of small businesses that he says have been overlooked by the Trump administration more early in the coronavirus pandemic. Biden administration officials announced last …

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With loan money gone, restaurants are at the mercy of coronavirus | FOX 4 Kansas City WDAF-TV

This is an archived article and the information in the article may be out of date. Please look at the history’s timestamp to see when it was last updated. NEW YORK – The check has arrived and beleaguered restaurateurs across America are staring down at their empty wallets. Government loans …

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LA Lakers Returns $ 4.6 Million From Stimulus Loan Program – The Hollywood Reporter

NBA the Los Angeles Lakers repaid a loan of approximately $ 4.6 million coronavirus business relief fund after learning that the program had run out. The Lakers applied for the loan under the Small Business Administration’s Paycheck Protection Program, which is part of the federal government’s $ 2.2 trillion stimulus …

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FIRST KEY STONE: MANAGEMENT REPORT AND ANALYSIS OF THE FINANCIAL POSITION AND OPERATING RESULTS (Form 10-K)

The purpose of Management's Discussion and Analysis of First Keystone Corporation, a bank holding company (the "Corporation"), and its wholly owned subsidiary, First Keystone Community Bank (the "Bank"), is to assist the reader in reviewing the financial information presented and should be read in conjunction with the consolidated financial statements …

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Mountain America Credit Union Named # 1 Lender in Country and Utah by Small Business Administration

Processing a record number of loans in 2020 In 2020, small businesses relied more than ever on their financial institution to obtain the financing necessary to keep their doors open and recover from the pandemic. Mountain America reallocated employees and improved efficiency to process additional loans and secure member funding …

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