CARES Act

PPP Application Deadline Extended

On Tuesday, March 30, President Biden signed the PPP Extension Act of 2021 into law, which extends the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021, to May 31, 2021. This offers potential PPP borrowers additional time to submit their applications and provides more time for the Small Business Administration (SBA) to process applications. The law does not provide the PPP with any additional funding; however, $7.25 billion in additional funding was recently provided in the American Rescue Plan Act.

PPP Application Deadline Extended2023-12-11T11:22:16+00:00

American Rescue Plan Act of 2021: What’s in it for you?

Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic. On March 10, the 628-page, $1.9 trillion American Rescue Plan Act (ARPA) was passed by the U.S. House of Representatives and signed into law by President Biden.

American Rescue Plan Act of 2021: What’s in it for you?2023-12-11T11:19:12+00:00

PPP Revisions Target Smallest Businesses

On Monday, February 22, 2021, the Biden administration announced several reforms with a focus on equity to the popular Paycheck Protection Program (PPP) to bring greater relief to the smallest and most vulnerable businesses. Among other things, the administration is imposing a two-week moratorium on loans to companies with 20 or more employees and focusing on smaller businesses. It’s also changing several program rules to expand eligibility for the 100% forgivable PPP loans.

PPP Revisions Target Smallest Businesses2023-12-11T11:24:50+00:00

Important Provisions of the Consolidated Appropriations Act of 2021

The Consolidated Appropriations Act (CAA) was approved by Congress and signed by the President on December 27, 2020. This COVID relief bill contains direct spending relief for businesses and individuals affected by the pandemic; extends expiring tax provisions, credits and incentives; and funds the Federal government for the remainder of fiscal year 2021.

Important Provisions of the Consolidated Appropriations Act of 20212023-12-11T11:44:18+00:00

Newest Updates to the Paycheck Protection Program

The U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID-19 relief bill Monday night, December 21, which provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, provides more than $300 billion in aid for small businesses, and contains several provisions related to the Paycheck Protection Program (PPP). The legislation was signed into law on December 27, 2020. Read more in depth about the other non-PPP related key provisions in our blog, “New Pandemic Relief: What You Need to Know.”

Newest Updates to the Paycheck Protection Program2023-12-11T11:46:01+00:00

New Pandemic Relief: What You Need to Know

Congressional leaders and the White House have agreed on the next round of COVID-19 relief legislation. After months of waiting and last-minute negotiations, the 2021 Consolidated Appropriations Act was introduced on December 21, 2020 and was signed into law on December 27, 2020.

New Pandemic Relief: What You Need to Know2023-12-11T11:46:59+00:00

Give AND Receive this Charitable Giving Season

For starters, it should be said charitable giving is always a good idea for everyone in a position to do so and should not be something influenced by incidental tax benefits. There are few acts which are as rewarding and satisfying as giving one’s wealth and talents to support a good cause. The holiday season is an important time of the year for giving and a time when your giving means the most.

Give AND Receive this Charitable Giving Season2023-12-11T12:13:49+00:00
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