Governor Wes Moore unveiled his proposed budget for fiscal 2024, a $63.1 billion plan that he calls a bold reflection of his priorities in education, transportation, and public safety without raising taxes.[0] The proposal includes a target Rainy Day Fund of 10 percent of general fund revenue or $2.5 billion and a higher-than-normal budgeted General […]
Continue readingOverview of Employee Retention Credit The employee retention credit (ERC) was created as part of the CARES Act, and is designed to help employers keep their employees on payroll during the pandemic. The ERC provides a payroll tax credit of up to $5,000 per employee for qualified wages paid from March 13, 2020, through December […]
Continue readingGovernor Wes Moore recently unveiled a $63.1 billion fiscal 2024 budget proposal that does not include a tax increase, and maintains a Rainy Day Fund at 10 percent of General Fund revenue or $2.5 billion and a General Fund balance of $820 million.[0] Likewise, Nevada Governor Joe Lombardo also announced his preliminary FY 2024 budget […]
Continue readingGovernor Wes Moore of Maryland recently unveiled a $63.1 billion fiscal 2024 budget proposal that does not include a tax increase and maintains a Rainy Day Fund at the target level of 10 percent of General Fund revenue or $2.5 billion.[0] Meanwhile, Nevada Gov. Joe Lombardo announced his preliminary FY 2024 budget plan, which includes […]
Continue readingThe Employee Retention Credit (ERC) was created by the Coronavirus Aid, Relief and Economic Security (CARES) Act to help employers who were affected by the pandemic, and is available to businesses who have experienced either a full or partial suspension of operations due to a governmental order or a significant decline in gross receipts compared […]
Continue readingToday, businesses in the hospitality and services industry are leveraging a new payments platform, Grazzy, to improve employee retention and recruiting, increase wages, and provide a more inclusive financial wellness for hourly employees.[0] The platform was recently funded with $4.25MM in Seed funding from Next Coast Ventures and Tuesday Capital, bringing its total Seed funding […]
Continue readingOverview of Employee Retention Credit The Employee Retention Credit (ERC) was established as part of the CARES Act to help employers retain their employees during the COVID-19 pandemic. This credit helps employers who are experiencing economic hardship or shutdown due to the pandemic to continue paying employees and helps to offset some of the employer’s […]
Continue readingThe Employee Retention Tax Credit (ERTC) was available during the pandemic to provide employers with relief from the economic hardships caused by the COVID-19 pandemic.[0] This tax credit helps employers reduce their employment tax burden and can be as high as $26,000 per employee. Eligible employers can claim the ERTC on their 2020 and 2021 […]
Continue readingGrazzy, a next-generation employee payment platform, recently announced $4.25 million in Seed funding from Next Coast Ventures and Tuesday Capital.[0] This brings Grazzy’s total Seed funding to $6.8 million.[0] The platform helps hotels, bars, restaurants, salons, and other businesses improve employee retention and recruiting by increasing wages, unlocking instant access to same-day earnings, and offering […]
Continue readingGrazzy, a next-generation employee payments platform, has announced $4.25 million in Seed funding from Next Coast Ventures and Tuesday Capital to fuel the growth of its digital tipping, same-day pay, and better, more inclusive banking capabilities.[0] With the completion of the Seed round, Grazzy’s total Seed funding now stands at $6.8 million.[0] Grazzy assists hospitality, […]
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