One of the biggest COVID concerns for employees and employers alike has been how to deal with the intersection of COVID and business. Everyone wants to be safe, but we also need to figure out how to do that without completely giving up on work. Extensions, expansions, and changes to
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The employee retention credit (ERC) was one of the CARES act’s provisions designed to alleviate the financial suffering employers have experienced due to COVID. It allows employers to claim a tax credit based on the wages paid to employees. With recent legislation, there have been updates to the act. It’s
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Businesses in the arts have earned their stimulus with a solid case for why they are the United States single most affected industry. With enormous operational costs, no ability to ‘pivot’ to a different model, and a structure that requires long-term planning, the pandemic has brought everything besides their bills
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The Employee Retention Credit, a provision of the CARES Act, has been extended under the Consolidated Appropriations Act of 2021. It is now available through June 30, 2021, and is available for all employers who have retained their employees throughout the COVID-19 pandemic. The new extension will help businesses deal
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After months of stalling, weeks of fierce negotiations, and too many false starts to count, President Trump has signed a new bill to help businesses and individuals across the country find relief from the economic devastation created by the COVID-19 pandemic. The Consolidated Appropriations Act includes funding earmarked for small
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As part of an end-of-year pandemic relief package, Congress has passed several changes to the Paycheck Protection Program (PPP) and created a “Second Draw” PPP for small businesses that have exhausted their initial loan. Other changes impact eligibility for initial PPP loans, the loan forgiveness process, and the tax treatment
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With suddenly-rising unemployment rates and many households turning to credit cards to pay living expenses, the need for consolidating credit card debts will increase throughout 2020 and beyond. The best debt consolidation options during and after the coronavirus pandemic include do-it-yourself repayment plans, debt management programs through nonprofit credit counseling
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Pandemic Unemployment Assistance (PUA) is a program that temporarily expands unemployment insurance (UI) eligibility to self-employed workers, freelancers, independent contractors, and part-time workers impacted by the coronavirus pandemic in 2020. PUA is one of the programs established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2-trillion coronavirus
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