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UrduWith the IRS warning about “ERC mills” – third parties improperly advising businesses to claim the employee retention credit, UMD’s Sam Handwerger explains Congress’ shifting guidelines, “less-than-scrupulous consultants” and a newly bolstered IRS as “a perfect storm” for exposure of ERC fraud.
Tag: PPP loan
Social Capital is a Key Driver of Small Business: New Study
Why do small businesses exploit business opportunities better in some areas than others? Maryland Smith researchers show that local social capital (trust, cooperation level among residents) strongly predicts loan uptake after controlling for close-by bank branches, income and education.
Biden’s PPP reform crucial for ‘equity of US recovery’
This week, the Biden administration will revise the Paycheck Protection Program, the main U.S. coronavirus relief program for small businesses, to focus its reach to smaller, minority firms. Tom Schryver, visiting lecturer at Cornell University’s SC Johnson College of Business,…