The Paycheck Protection Program (PPP) loan process has become increasingly complicated as new guidance and enhancements to the program have been announced. Not only does the guidance continue to change but some of the provisions have retroactive application, such as the availability of 2020 employee retention credits (ERCs) for borrowers of PPP loans. How can […]
Read moreDue to the Internal Revenue Service’s (IRS) backlog related to the COVID-19 pandemic and tax law changes recently passed since the start of the pandemic, the Treasury Department and IRS announced on March 17, 2021, that they are providing a short extension of the deadline for individuals to file their federal income tax returns and […]
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On March 10, 2021, the U.S. House of Representatives passed a modified version of the American Rescue Plan Act of 2021 (ARP bill), President Biden’s $1.9 trillion COVID-19 relief package aimed at stabilizing the economy, providing needed relief to individuals and small businesses, and improving and accelerating the administration of coronavirus vaccines and testing. The House was […]
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