On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 (“2021 Act”), which contains the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (“Economic Aid Act”). The acts contain changes to the Paycheck Protection Program (“PPP”)…
Updated January 25, 2021 Note: FFCRA Leave Requirements Expired Dec. 31, 2020, but employers can claim the FFCRA tax credit through March 31, 2021. The Consolidated Appropriations Act, 2021 (the new COVID-19 relief bill) that was signed into…
If you’ve received a PPP Loan, you are eligible for loan forgiveness for the amounts spent on authorized expenses over the appropriate time period. In general, the PPP Loans used for payroll costs include: Salary, wage, commission or similar compensation…
