MOUNTAIN Watch, Calif.–(Company WIRE)–Jan 19, 2021–

To even more aid prospects and communities defeat their most crucial money troubles, Intuit (Nasdaq: INTU), a world technological know-how platform powering TurboTax, QuickBooks, and Mint, right now current Intuit Assist Aid (IAA), a totally free web page with two interactive equipment to support qualified little company entrepreneurs and the self-employed evaluate their eligibility for federal relief and associated tax credits from the Coronavirus Response and Reduction Supplemental Appropriations Act. IAA minimizes the intricate laws into an uncomplicated-to-comprehend on the internet interview to enable assess eligibility and provides a customized advice.

For experienced compact organizations and other qualified candidates, IAA gives an interactive knowledge to enable tiny businesses and self-utilized folks establish their eligibility as 1st time or next time borrowers below the Tiny Business enterprise Administration’s (SBA) Paycheck Safety Program (PPP). The Intuit Help Aid PPP estimator instrument also delivers one-way links to SBA resources and additional facts to assistance eligible clients just take the upcoming step in implementing for federal relief.

Also, IAA incorporates a tax credit rating estimator instrument that can enable corporations recognize what savings they may well qualify for beneath the federal tax code. The up-to-date tax credit history estimator for 2020 can help enterprises navigate the Worker Retention Credit history, emergency paid out unwell depart, and the relatives and health-related depart credit rating. Intuit will update these IAA tools in the coming weeks with added data to enable smaller enterprises and the self-used realize what they could be eligible to receive as a result of federal relief packages.

“We know how significant little enterprises are to The usa, and knowing these tax credits and loans is essential to supporting them make the finest choices, said Sasan Goodarzi, CEO of Intuit. “It has been a complicated year for so numerous folks are experiencing uncertainty in the position sector even though battling to continue to keep their people risk-free and their kids in virtual school, all when juggling the demands of earning finishes meet. We are working with our robust platform to assistance shoppers place extra cash in their pockets when they have to have it most, and our compact organizations retain their personnel on payroll serving their communities.”

Committed to Help QuickBooks Prospects Continue to keep Workers on Payroll

Around 15 million employees are paid by means of QuickBooks. The Coronavirus Reaction and Aid Supplemental Appropriations Act of 2021, a $900 billion relief package deal, incorporates an additional $284.45 billion in PPP funding to aid small enterprises. In addition to offering funds for to start with-time debtors, the new legislation offers tiny firms with an opportunity to utilize for a second PPP loan.

Qualified QuickBooks consumers can rapidly implement for a 2nd PPP financial loan in QuickBooks Capital’s automatic PPP software encounter by leveraging their enterprise knowledge that’s currently on the QuickBooks system. QuickBooks Capital will before long begin accepting second PPP financial loan purposes from specified eligible QuickBooks consumers up to $150,000. We have also partnered with SBA-permitted loan provider Cross River Bank to assistance supplemental eligible clients aid PPP purposes right by way of Cross River Banks system.

If you are a modest company owner or self-used, click on right here to discover a lot more about the U.S. authorities help and relief courses for which you might be qualified.

About Intuit

Intuit’s mission is to power prosperity all-around the entire world. We are a mission-driven, world wide financial system business with goods including TurboTax, QuickBooks, and Mint, created to empower consumers, self-employed and compact corporations to increase their fiscal lives. Our platform and products and solutions aid shoppers get far more income with the the very least volume of function, whilst supplying them complete assurance in their steps and decisions. Our impressive ecosystem of financial management methods serves more than 50 million customers throughout the world. Be sure to stop by us for the newest news and in-depth data about Intuit and its brand names and come across us on social.

Remember to refer to the most recent steerage from SBA and Treasury to confirm latest application principles and steering . PPP funding is designed accessible to firms found in the United States. Presented the substantial need for additional approved Paycheck Security Application cash, not every certified Paycheck Security Software applicant will receive a personal loan.

Paycheck Defense Program (PPP) loans provided inside of QuickBooks Money are made by Cross River Financial institution, a New Jersey Condition Chartered Commercial Bank, Member FDIC.

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Contact: Karen Nolan

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Source: Intuit Inc.

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PUB: 01/19/2021 12:01 PM/DISC: 01/19/2021 12:02 PM