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IRS News Release (IR-2020-57)

The IRS, U.S Department of Labor, and the U.S Treasury Department recently released a new act that includes two new refundable payroll tax credits for small and medium-sized businesses. The act will aid in providing a cushion for American businesses operating with fewer than 500 employees. For more, visit the following web-page.

https://www.irs.gov/newsroom/treasury-irs-and-labor-announce-plan-to-implement-coronavirus-related-paid-leave-for-workers-and-tax-credits-for-small-and-midsize-businesses-to-swiftly-recover-the-cost-of-providing-coronavirus

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Small Business Development Center

1310 North FM 1788, CEED Building, Midland, TX 79707

Email: sbdc@utpb.edu

Phone: 432-552-2455

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.

Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.

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