PPP

Massachusetts lawmakers are acting to remove an unexpected financial burden for many small businesses. Members of the House and Senate have now passed legislation to ensure Massachusetts does not tax companies on the relief money they received through the federal government’s Paycheck Protection Program. As the NBC10 Boston Investigators first reported in January, some business owners were shocked to...

State lawmakers are taking action to remove an unexpected tax burden for struggling Massachusetts small businesses.

Massachusetts legislators are urging swift action to remove an unexpected financial burden for struggling small businesses.

Thousands of business owners in Massachusetts could get a reprieve from surprise tax bills attached to their emergency coronavirus relief. As the NBC10 Boston Investigators first reported, the state of Massachusetts will assess a 5% tax on money that many business owners received last year through the federal government’s Paycheck Protection Program. At Signarama in Braintree, Massachusetts, for example, a…

There are efforts on Beacon Hill to remove the hefty tax bill some businesses are facing after receiving forgivable loans to stay afloat amid the coronavirus pandemic.

The Paycheck Protection Program was designed to help small businesses survive the pandemic, but many in Massachusetts received only a few hundred dollars in aid. Now a new round of funding could help them survive the winter.

Soon after Lisa Evans and Tim Smith cut the ribbon at We Grow Microgreens, the pandemic arrived. Hoping to keep workers on the payroll, Evans and Smith applied for relief from the federal government’s Paycheck Protection Program, which was designed to help small businesses hurt by the virus. We Grow Microgreens received only $810.

A Brooklyn man was arrested Monday on charges of defrauding the federal Paycheck Protection Program (PPP) of almost $2 million. Federal prosecutors in Brooklyn charged Leon Miles, 51, of using the money to purchase a 2020 Bentley Continental for $250,000 and a 2020 Cadillac Escalade for $100,000. The PPP is part of the CARES Act passed by Congress in March…

Major restaurant groups, commercial contractors and a large dairy maker in Massachusetts were among the biggest beneficiaries of the government’s coronavirus relief program for small businesses, according to new federal records. The Small Business Administration on Wednesday released sweeping data on who benefited from pandemic relief, including more than $521 billion distributed through SBA’s Paycheck Protection Program. Borrowers could...

Sweeping data released by the Small Business Administration on who benefited from pandemic relief programs raises questions about the equitability and distribution of loans intended for small businesses, an initial analysis by NBC News shows. The analysis found that tenants paying rent at properties owned by the Trump Organization as well as the Kushner Companies, owned by the family of Jared...

The HEROES Act is expected to die in the Senate, according to Senate Majority Leader Mitch McConnel, R-Ky.

A National Football League player from Florida is accused of stealing more than $1.2 million in coronavirus relief funds.

Former New England Patriots quarterback Tom Brady’s performance lifestyle brand recently sought a financial lifeline from the federal government. TB12 Inc. received between $350,000 and $1 million from the Paycheck Protection Program, according to federal data published Monday. It was not disclosed how many jobs would be saved thanks to the money, which was disbursed through Cambridge Savings Bank. The…

Unemployment payments are making it complicated for some Massachusetts business owners calling their employees back to work.