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Your business could defer taxes and get credits for keeping employees. An expert explains how to know if you're eligible.

Two tax provisions of the $2 trillion stimulus package could put cash back into small business owners' pockets almost immediately. Most businesses will be eligible to defer payroll taxes and receive tax credits for keeping employees.However, businesses may not be eligible for tax relief if they receive a forgiveable loan through the Paycheck Protection Program.To understand how business owners can take advantage of these programs Business Insider reviewed IRS guidelines and spoke with a small business advisor at Wiss & Co. accounting firm. Click here for more BI Prime content.Businesses that have been forced to close, limit operations, and lay off employees during the coronavirus pandemic have several lifelines available to them, two of which are tax-related and could put cash back in their




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I'm saving money on rideshares and travel right now, but I'm not keeping that cash - I'm spending it at local businesses even if they're closed

Getty ImagesThe author is not pictured.I've had a little extra cash in my pocket since quarantine started - I'm saving money on rideshares, restaurants, travel, and more.Instead of keeping that money, though, I'm spending it on businesses I hope will stay open post-COVID. I've bought art, paid for online classes at a local gym, and pre-paid for an appointment with my hair stylist.I've decided not to save the extra money because my emergency fund is in good shape.Read more personal finance coverage.As the economy grinds to a halt in the wake of the coronavirus, I've found myself in the strange position of having a little extra cash on hand that I'm not accustomed to. For a little bit of context: I'm a freelance writer who's worked from home since 2015, and my industry has yet to be heavily




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Federal relief loans for small businesses just dried up. Here's what to do if you need $1 million dollars or more to stay afloat

Getty ImagesAll of the PPP loan funds have been committed, but new Fed-backed loans could help some businesses come back after the crisis.Less than two weeks after launch, all of the $349 billion allocated to small businesses in the CARES Act has been committed.Lending could now come to a grinding halt as banks won't have the guarantee of the US Treasury to back up more loans.Business owners who still need financing greater than $1 million can take advantage of the Federal Reserve's Main Street Lending program, which will support additional loans from banks.The Fed's program backs four-year loans with payments and interest deferred for the first year.Visit BI Prime for more stories.Just 12 days after the launch of the Payroll Protection Program, all $350 billion in loans have been approved,




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Adam Sandler takes his wife to the Vanity Fair Oscar party after snub

The 53-year-old comedian put on a smile as he attended the Vanity Fair Oscar party in Beverly Hills even though he was snubbed for the Best Actor nomination for his role in Uncut Gems.




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DJ Ruckus posts a bizarre Instagram tribute on ex-wife Shanina Shaik

The 37-year-old musician shared a throwback photo of the pair at the Oscars in 2018 alongside a gushing caption




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Tiffany Haddish dresses up as Audrey Hepburn's character

'You could tell he was scared of me,' started the comedienne as she laughed. 'He was like, "Oh, sh*t, Tiffany Haddish is here," and doing his eyes shifty. I was like, "Ain't nobody f**king with you.'




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State varsities to implement academic calendar within month after lockdown is lifted: Bengal edu minister

Kolkata, May 9 () All the state universities inWest Bengal will implement the academic calendar in theirrespective institutions within a month after the lockdown islifted, Education Minister Partha Chatterjee said on Saturday.Chatterjee, who earlier in the day held avideoconference with vice-chancellors of all the stateuniversities, told reporters at an online press conferencethat the VCs have decided on how to conduct the classes andthe final semester examinations."The academic calendar, including examinations, willbe put into effect within a month after the lockdown islifted," he said.Chatterjee said the institutions have also receivedthe University Grants Commission (UGC) guidelines in thisregard and the issue came up in the meeting held during theday.He had earlier said that the UGC guidelines




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'All a child wants is love': Ciara opens up about how motherhood grounds her... as she embraces life as a model mom

She's topped the charts, married the man she loves, and reinvented herself as a fashion model.




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DNCE, Fifth Harmony and a host of stars team up on Christmas fund-raising record Santa Claus Is Coming To Town!

Stars of iHeartRadio' Jingle Balls, set to kick off on Friday night at New York's Madison Square Garden, have recorded the seasonal classic to raise funds to fight poverty and home-lessness in New York.




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Jennifer Lopez and Marc Anthony reunite for twins birthday

The couple divorced in 2011 after four years of marriage, but showed their commitment to family on Monday in Los Angeles at the 9th birthday celebration for their twins.




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Eric Stonestreet talks about new woman and man in his life

The 46-year-old star was on the show to talk up his sitcom, which kicks off its tenth season Wednesday. But he also spilled the beans abou girlfriend Lindsay Schweitzer and new rescue dog Roscoe.




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The Bachelor franchise creator Mike Fleiss files for divorce from second wife Laura Kaeppeler

The 55-year-old writer and producer was married to Kaeppeler for five years and reportedly has a prenuptial agreement with his second wife.




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T.I's wife Tameka 'Tiny' Harris has over $750,000 in jewels stolen from her Lamborghini in Atlanta

Tameka 'Tiny' Harris had a small fortune in jewelry stolen from her vehicle in Atlanta on Sunday night.




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Michelle Pfeiffer shares touching tribute after her dog Freddie passes away

The 61-year-old actress broke the sad news on her Instagram account on Tuesday, sharing a photo of Freddie along with a touching tribute.




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American love story: Jimmy Fallon, 45, gushes over wife of 13 years Nancy Juvonen, 52

The former actor told People it was his 52-year-old wife Nancy Juvonen who was the 'brains' behind his at-home The Tonight Show, figuring out the tone, the setting and the props.




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Dina Lohan calls virtual boyfriend the 'love of her life' and launches new podcast with Chanel Omari

In an exclusive chat with DailyMailTV, Dina Lohan gave a sneak peek into her new podcast as well as some updates on her virtual 'soulmate' boyfriend and plans for Mother's Day in quarantine.




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White House formally notifies Congress of airstrike that killed Iranian general

The notification is classified and likely describes Trump's justification for the attack that killed the high-level Iranian official, who was considered second in power to the Ayatollah.




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Democrats criticize Trump tweet on notifying Congress about Iran military action

Democrats slammed Donald Trump saying he is not a 'dictator' after he warned his tweet should serve as notification to Congress that the U.S. will 'strike back' if Iran launches a revenge attack.




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US threatens to cut off Iraq's access to NY Fed if US troops are forced to withdraw

The State Department warned that Iraq's access to its main account at the Federal Reserve Bank of New York could be shut off if the Iraqi government asks American troops to leave.




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Ex-Aussie special forces sniper dedicates life to wiping out poachers killing endangered animals 

Damien Mander spent three years in Iraq training the country's paramilitary, before finding his new calling in Africa training poachers to secretly track and arrest poachers illegally hunting animals.




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Taylor Swift feared her career would end like the Dixie Chicks if she spoke out politically

Taylor Swift has revealed she stayed politically silent for years, fearing that her career would come to a screeching halt like the Dixie Chicks if she spoke out.




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Has Keir Starmer REALLY spent a lifetime seeking justice for the powerless?

As part of his bid to become the next Labour leader, Sir Keir Starmer has made political capital out of his legal career by highlighting the cases he has pursued on behalf of the 'underdog'.




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Alastair Campbell's daughter Grace has spent life 'competing with Tony Blair for dad's attention'

Grace Campbell, 25, whose Yorkshire-born father Alastair served as the Downing Street press secretary, told Sunday Mirror Notebook she's spent her life competing for her dad's attention.




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Iraq veteran hit by PTSD 'takes his own life' after attending funerals of nine fallen comrades

Lance Shingler, pictured, died after being found collapsed at his Birmingham home. He went to memorial services for each of his fallen colleagues and bravely battled a mental condition.




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Ritual site of a Mesopotamian war god found in Iraq that was used for animal sacrifices

Archaeologists have uncovered a sacred plaza in Iraq that was used to appease Ningirsu - a hero-god of war. Some 5,000 years ago, where people held feasts, rituals and animal sacrifices in the pit.




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50 Cent reacts to Australian street artist Lushsux's 'Swifty Cent' mural

An Australian street artist has reignited his feud with 50 Cent after painting a giant mural of the rapper's image combined with that of pop star Taylor Swift. 




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'SLAP in face to medics dying on the frontlines': Doctor horrified at packed Central Park

Cleavon Gilman, who works at New York-Presbyterian Hospital in Washington Heights, tweeted his horror with a video of a packed Sheep Meadow in Central Park on Saturday.




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Khloé Kardashian gushes over 'beautiful nephew' Ace after BFF Malika Haqq welcomes newborn

The 35-year-old reality star has been best friends with the 37-year-old new mother since 1999, so she was thrilled to become an 'auntie'




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Kim Kardashian wonders if Carole Baskin murdered husband after streaming Netflix's Tiger King

The seven-part docuseries Tiger King: Murder, Mayhem and Madness reached No. 1 on Netflix's Top 10 list since dropping Friday




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Kris Jenner embarrasses her daughters Khloe and Kendall as she brags about her sex life

The reality star, 64, arrived late to lunch with Khloe Kardashian and Kendall Jenner and proceeded to talk openly about her love life, as seen in a teaser for the next episode of KUWTK.




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Khloe Kardashian talks True's second birthday plans ... before star jokes about her different voice

Khloe Kardashian's daughter True Thompson is set to turn two years old. She talked about her plans on Instagram Live on Friday with her Good American co-founder Emme Grede.




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Kim Kardashian compliments 'beautiful' Beyonce on Disney Family Singalong years after 'feud'

Kim and Beyoncé have been plagued with rumors they aren't friends ever since Knowles-Carter declined invites to both Kardashian's 2013 baby shower and 2014 wedding to Kanye West




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Kanye West gave his wife Kim a 'break' by bringing their four kids to visit his two Wyoming ranches

The power couple have reportedly 'been taking turns caring for the kids' during the COVID-19 quarantine




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Climate change is causing a 'sudden and dramatic shift' in the Pacific Arctic, experts warn

A new study reveals the Pacific edge of the Arctic Ocean underwent a 'sudden and dramatic shift' from 2017 to 2019' that experts fear is irreversible and may be 'a sign of what is to come.'




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Jealous lover who knifed Russian beauty blogger to death in jailed

GRAPHIC CONTENT: Maxim Gareyev, 33, a highly-educated IT worker from Moscow, has been jailed for the murder of 24-year-old Ekaterina Semochkina after stabbing her to death.




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Kate Upton wears a T-shirt that reads If I Can't Bring My Dog Then I'm Not Going

The Sports Illustrated Swimsuit Edition model had on a black T-shirt that said 'If I Can't Bring My Dog Then I'm Not Going' in white writing.




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Kate Upton's husband Justin Verlander pledges to donate MLB paycheck to different charity each week

It shouldn't be much of a burden on the power couple, as Verlander signed a two-year, $66million contract extension last March, the highest-ever average annual salary for a pitcher.




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Mayor Bill de Blasio appoints his wife head of coronavirus racial inequality task force

Mayor Bill de Blasio said Sunday that he believes it will take more than 20 months to fully rebuild New York City and announces different councils that will focus on reopening the Big Apple.




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Mayor Bill de Blasio and wife slammed for strolling through Prospect Park

NYC Mayor Bill de Blasio and his wife Chirlane McCray were heckled as they strolled through Brooklyn's Prospect Park on Saturday, criticized for traveling to Brooklyn for a walk.




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Stan release trailer for Anna Kendrick's new show Love Life

Anna Kendrick's new TV show Love Life will premiere exclusively on Stan in Australia on May 27.




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Taylor Swift sends Utah nurse a handwritten note out of gratitude for work amid COVID-19 pandemic

Nurse Whitney Hilton, who works at Ogden, Utah's McKay-Dee Hospital, took to social media Sunday to thank the Grammy-winner, 30, for her act of kindness.




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Fifteen children are hospitalized in NYC with rare but deadly Kawasaki disease

Kawasaki disease is a rare inflammatory syndrome that has left children fighting for their lives in intensive care amid the pandemic.




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Horrific photo shows eight-year-old New York boy on a ventilator after suffering a cardiac arrest

Jayden Hardowar had complained of a fever and diarrhea just five days before his heart failed and he was placed on a ventilator at a New York City medical center.




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Irina Shayk teases her toned midriff in a white crop top beneath chic charcoal suit

Irina Shayk turned New York City into her own private catwalk on Thursday, when the 34-year-old model went for a stroll with three-year-old daughter Lea.




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Inside the life of Australian swimmer Shayna Jack as she vows to challenge her positive drug reading

The Brisbane-based 20-year-old is the latest rising star to be embroiled in a doping scandal, having tested positive to Ligandrol during a routine drug test last month.




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Scrutiny will now intensify on Sir Mo Farah after ex-coach Alberto Salazar's four-year doping ban

The world of athletics was rocked on Tuesday when the coach who led Sir Mo Farah to his Olympic gold medals was banished from the sport in disgrace for doping violations.




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Laura Muir boosted by fifth place finish at the World Championships

RIATH AL-SAMARRAI IN DOHA: In the end it was all too much for Muir. There were simply too many injuries and one athlete who ran the sixth quickest 1500m time in history.




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Head of the US Anti-Doping Agency Tygart hits back at Radcliffe over Salazar probe

The head of the US Anti-Doping Agency, Travis Tygart, who led the conviction of Alberto Salazar for doping offences has hit back at Paula Radcliffe.




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Athletics is dying and yet people like Paula Radcliffe and Lord Coe blame... Gabby Logan

OLIVER HOLT - CHIEF SPORTS WRITER: To say Radcliffe's performance when asked about the ban handed down to Salazar by USADA was awkward would be an understatement.




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One Nike athlete will be on drugs for life because of Salazar's methods

EXCLUSIVE BY ROB DRAPER: Travis Tygart, head of the US Anti-Doping Agency who led the prosecution, says Salazar's methods threatened the health of his athletes.