Payroll tax credit

I just came across this interesting item about a PAYROLL TAX CREDIT, which may be even better than the PPP for some people:

This is a refundable tax credit (meaning that if thecredit available is greater than the payroll tax due, you can get the difference back in cash.) It can be worth up to $5000/quarter/employee, but you cannot take it if you have taken PPP funding (great for those who got turned down, for PPP, however.)

As always, contact your accountant to determine if this might be right for your situation.

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