Business owners need to make choices on their 2021 taxes regarding the Paycheck Protection Program and the Employee Retention Credit. Both were enacted to help businesses stay in operation during the lockdowns caused by the COVID-19 pandemic. The PPP provided...
PPP Loan
Popular PPP Loan Program Gets Extension
With wide bipartisan support, Congress has approved the "PPP Extension Act of 2021," which extends the Payroll Protection Program. It had been scheduled to expire on March 31, but the application deadline is now May 31. The act further gives the SBA another month,...
New Stimulus Has Plenty for Small Business
The pandemic relief package (Consolidated Appropriations Act, 2021) gives a break to small businesses by reopening the Paycheck Protection Program so that some of the hardest-hit small businesses can apply for a second loan. The new round of loans will be limited to...