News

WASHINGTON — The Treasury Department and the Internal Revenue Service launched the Employee Retention Credit on March 31. Designed to encourage businesses to keep employees on their payroll, the refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. Here are […]

As the COVID-19 (coronavirus) outbreak continues, the Internal Revenue Service is taking multiple steps to help small businesses. (See the complete IRS Operations statement at IRS.gov.) Tax Day now July 15 The Treasury Department and Internal Revenue Service announced March 21 that the federal income tax filing due date is automatically extended from April 15, 2020, […]

Dear business owners, We know this is a very difficult time for all of you as you figure out how to manage the ongoing chaos created by the COVID-19 pandemic. Many of you have been forced to shut down or scale back operations, while others have seen a dramatic decline in business created by public […]

Note: Story updated March 18 with new information. U.S. Small Business Administration Administrator Jovita Carranza issued revised criteria for states or territories seeking an economic injury declaration related to Coronavirus (COVID-19). The relaxed criteria will have two immediate impacts: Faster, Easier Qualification Process for States Seeking SBA Disaster Assistance. Historically, the SBA has required that […]

The Internal Revenue Service recently launched Identity Theft Central, designed to improve online access to information on identity theft and data security protection for taxpayers, tax professionals and businesses. Identity Theft Central is available 24/7 at irs.gov/identitytheft. It is a resource on how to report identity theft, how taxpayers can protect themselves against phishing, online […]

ChargeItPro came. It grew. It thrived.  And today it became part of Gravity Payments.  ChargeItPro launched in 2009 to provide payment integration solutions for point-of-sale companies serving the country’s independent merchants. The company was built on the virtues of simplicity, tailored integrations, and great support. It worked. ChargeItPro succeeded beyond its founders’ wildest hopes. As […]

The best thing about the new building has got to be the Adirondack chairs. Or, maybe it’s the wall of pulsing color behind the front desk. Then again, it could be the way daylight pours into the office through the floor-to-ceiling windows. No, it’s the porch swings. Yeah, gotta be the porch swings. Good thing […]

Gravity Payments is excited to announce its new partnership with CandyBar, an innovative digital loyalty solution that allows merchants to run customer loyalty programs in-store. Through this strategic partnership, CandyBar and Gravity Payments’ customers will have access to better credit card processing services and payment solutions, as well as customer retention strategies that will keep […]

The Financial Crimes Enforcement Network (FinCen), a department of the United States Treasury, introduced the Beneficial Ownership Rule in May of 2016 with a mandatory implementation date of May 11th, 2018. Below, you’ll learn what the beneficial ownership rule is, who is considered a beneficial owner, why FinCen is imposing this rule, and how Gravity […]

We appreciate all the kind words and support we’ve received as a result of the New York Time’s amazingly comprehensive, honest, and fair article about the impact of Dan Price’s decision to raise the minimum wage to $70K. However, we value the criticisms we’ve received just as much. At Gravity, challenges only motivate us more. […]