Updated Guidance and Resources from the IRS

IRS provides guidance for employers claiming the Employee Retention Credit for first two quarters of 2021 The Internal Revenue Service issued guidance for employers (click here) claiming the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief […]

PPP Extended; Timely Applications Encouraged | PPP Webinars Continue

Although the Paycheck Protection Program Extension Act recently extended the timeframe to apply for PPP to May 31, there is no guarantee allocated funds will be available through that deadline. Small business owners in particular wanting to obtain a PPP loan should apply immediately. To learn more about PPP and your eligibility, join the SBA […]

Special ACCD and Department of Health Webinar for Vermont Manufacturers February 17

The Agency of Commerce and Community Development has reached out to AIV to dedicate the next installment of their business webinar series to manufacturers and their issues and concerns.  The Vermont Department of Health and ACCD have been holding a mostly weekly webinar series focused on health and commerce pandemic updates for the business community. […]

Updated Resources and Guidance from the IRS

Updated FAQs and new IRS form available for sick and family leave credits The IRS published updated FAQs (click here) about recent legislation that extended and amended tax relief to certain small- and mid-sized employers under the Families First Coronavirus Response Act (FFCRA). The IRS also announced a new Form 7202, Credits for Sick Leave […]

This Week in Committees

The following are selected items on committee calendars for the coming week that might be of interest to members.  Schedules are subject to change.  If you would like more in­formation on any of these issues or others of interest to you, please do not hesitate to contact us at info@aivt.org.  You can also review full agendas […]

Governor Scott Delivers Budget Address

Governor Scott today delivered his fifth budget address to the General Assembly, presenting a budget that, with the help of federal stimulus, includes $210 million in new investments to strengthen the economy, create more and better paying jobs, and address priorities like downtown revitalization, infrastructure, broadband, and climate change without raising taxes or existing fees […]

PPP First and Second Draw Webinars on Wednesdays | Forgiveness Webinars Also Continue on Tuesdays

The SBA Vermont District Office is hosting free webinars from 9:00 to 10:30 am on Wednesdays addressing the Paycheck Protection Program First Draw and Second Draw options.  Addressed will be what is a PPP loan, terms, eligibility, the application process, what is the difference between them, what has changed with the Economic Aid Act, etc.  […]

Extension of COVID Tax Credit for Employers Who Keep Workers on Payroll

The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, made a number of changes to […]

Paycheck Protection Program Resources

The US Small Business Administration lender portal is now fully open for all participating Paycheck Protection Program (PPP) lenders for First and Second Draw loan applications. Businesses can learn more about First and Second Draw loans at the SBA website. (Click here) A presentation offering additional insights into the program can be found on the […]

This Week in Committees

The following are selected items on committee calendars for the coming week that might be of interest to members.  Schedules are subject to change.  If you would like more in­formation on any of these issues or others of interest to you, please do not hesitate to contact us at info@aivt.org.  You can also review full agendas […]