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  • The objective of the program is to strengthen the operation of 10,000 units of individuals under the Tax Incorporation Regime (RIF), as well as individuals listed under the Business Activity Regime.

In order to reactivate the economy in the 20 municipalities of the country most affected by the COVID-19 pandemic, the Ministry of Economy, through the Productive Development Unit, promotes access to preferential financing of small formal economic units, through a direct credit granted by the Banco del Bienestar.

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In the framework of the Daily Report on Credits to the Word to Reactivate the Economy, it was announced that this program aims, in a first stage, to strengthen the operation of 10,000 units of individuals in the Tax Incorporation Regime (RIF) , as well as individuals who are listed in the Business Activity Regime, but have the capacity to extend it, according to demand.

People with

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WASHINGTON —During Small Business Week, the Internal Revenue Service reminds business owners and self-employed individuals of the employer credits available to them during COVID-19.

These credits were specially created to help small business owners during this unprecedented time. During Small Business Week, the IRS wants to ensure all eligible people know about the relief these credits provide.

Employee Retention Credit

The Employee Retention Credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

The credit is available to all employers regardless of size, including tax-exempt organizations. There are only two exceptions: State and local governments and their instrumentalities and small businesses who take small business loans.

Qualifying employers must fall into one of two categories

The employer’s business is fully or partially suspended

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The cold-eyed accountants for the General Assembly’s auditing arm made headlines recently when they ran the numbers on the state’s coal tax credit and concluded that it actually costs the state more jobs than it saves.

This is good news for coal-hating Democrats who have tried for years now to get rid of the program and bad news for Republicans who represent the counties that produce coal.

At least that’s the conventional reading of the Joint Legislative Audit and Review Commission’s report. Today we propose a more unconventional reading under which coal country Republicans should embrace that finding and use it to their region’s advantage.

Before we get to that, let’s review some fascinating big-picture facts that the auditors assembled. First, Virginia coal production peaked in 1990 and has declined ever since. It’s now about one-third of what it was then. That means it hasn’t mattered which party controls either

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Updated

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In Tesla’s second quarter earnings report last month the company reported a GAAP net income of $104M bringing the trailing-twelve-month period to GAAP profitable for the first time in Tesla’s history.

Critics, however, have argued that Tesla was only able to achieve profitability due to regulatory credit sales to other automakers which may not continue in the future. Over the same 12-month period, Tesla sold $1.05B in regulatory credits, all of which flowed through to the bottom line. Excluding these credit sales takes Tesla’s 12-month GAAP net income from $368M of profit down to $681M of loss. So is Tesla actually losing money on their core business once regulatory credit sales are excluded? It’s not quite that simple.

First, stock-based compensation (SBC) should be considered. SBC is stock granted to employees of the company which vests over time. The company creates new shares to issue to employees as a part

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The owner of Mountain Mudd Espresso said a federal coronavirus relief loan helped save her Montana-based company — and keep her staff of 50 employed.

During the Republican National Convention on Monday night, Tanya Weinreis said when the coronavirus pandemic broke out in the U.S., she was faced with the prospect that she might have to close her coffee business, which she owns with her husband.

However, the receipt of a Paycheck Protection Program (PPP) loan helped Weinreis keep her business afloat, she said.

“My company was one of the first to receive a PPP loan and Praise God it has been a lifesaver,” Weinreis said. “Not only were we able keep every single employee, but we’ve been hiring weekly since.”

TRUMP PROMOTES TAX RECORD

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