On March 11, 2021, the President signed the American Rescue Plan Act of 2021 (ARP) into law. The $1.9 trillion coronavirus relief bill was approved by the House (220-211) on March 10th, following the approval in the Senate (50-49) …
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The Employee Retention Tax Credit (ERTC) was originally established by the CARES Act to help small businesses affected by COVID-19. The ERTC is a refundable tax credit applying to the 6.2% employer portion of employee Social Security payroll tax, …
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The phased reopening of the Paycheck Protection Program (PPP) began on January 11th with limited access. For the initial phase of the program’s reopening, the SBA has only accepted loan applications from participating community financial institutions (CFIs). On Friday …
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Congress passed the Consolidated Appropriations Act, 2021, a $900 billion coronavirus relief package, on December 21, 2020. The Act is currently with President Trump and awaits his signature. The legislation includes several provisions that will affect employers, PPP loan …
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