Wednesday 05/26/2021

Making Sense of the Employee Retention Tax Credit

The American Rescue Plan Act signed into law March 11, 2021 extended and expanded the employee retention tax credit to December 31, 2021 to eligible employers who retained employees during the COVID-19 pandemic. What is the Employee Retention Tax Credit? The employee retention tax credit is a refundable tax credit that employers can claim based […]

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Thursday 05/20/2021

Child Tax Credit – What You Need to Know

Starting in July of 2021, qualifying families with children ages 17 and under will start receiving monthly child tax credit (CTC) payments from the Internal Revenue Service (IRS). The American Rescue Plan Act (ARPA) expanded the child tax credit when it was signed into law this spring. All the details haven’t been completely worked out, […]

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Monday 05/03/2021

PPP Loan Updates and Reminders

The deadline to apply for first- or second-draw Paycheck Protection Program (PPP) is May 31, 2021. Here are some important reminders as the deadline approaches: What is a PPP Loan? A PPP loan is a loan provided by the U.S. Small Business Administration in response to the financial crisis many small businesses continue to face […]

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Thursday 04/22/2021

The American Rescue Plan: Restaurant Revitalization Fund

On March 11, 2021, President Biden signed the American Rescue Plan Act into law. Included in the act is the Restaurant Revitalization Fund (RRF), which provides much-needed support for the recovery of the greatly impacted restaurant industry. Applications open Monday, May 3, 2021 at noon Eastern time for priority restaurants for three weeks. After this […]

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