As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the federal government expanded the Economic Injury Disaster Loan (EIDL) program to aid businesses affected by COVID-related disruptions. Businesses granted a loan were allowed to defer...
An important COVID-related economic measure enacted in 2020 was the Paycheck Protection Program (PPP). Two rounds of loans were offered to businesses to help them maintain their workforce during COVID. The program ended on May 31, 2021, but existing borrowers are...
While the infrastructure law that passed last year had many positives, it had at least one negative in ending the Employee Retention Tax Credit (ERTC) for wages paid after October 1, 2021. The ERTC was created in 2020 in response to COVID to provide financial...
If you have been following the negotiations over the Build Back Better Act (BBBA) in Congress, you know that many of the original provisions have been dropped from the bill. While passage of the Act in its present state is unlikely, we may still see changes to the...
When the Build Back Better Act (BBBA) was first introduced last year, it contained significant changes to tax laws that would increase the tax bill of many individuals and corporations in the U.S., particularly for high-income earners. The purpose was to raise...