The U.S. IRS has issued a release to remind employers of three new credits being provided for businesses hit by COVID-19. --- IRS: Three new credits are available to many businesses hit by COVID-19 IR-2020-89, May 7, 2020 WASHINGTON — The Internal Revenue Service today reminds employers affected by COVID-19 about three important new credits available to them. Employee Retention Credit: The employee retention credit is 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...