- Video: Interaction between PPP Loans and the Employee Retention Credit
- The Consolidated Appropriations Act, 2021 liberalized the interaction between PPP loans and the Employee Retention Credit. Watch this video to learn more.
- Employee Retention Credit Extended
- In order to help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Employee Retention Credit for 2020. As part of the Consolidated Appropriations Act, 2021 (CCA), the credit has been extended through June 2021.
- Interaction between PPP Loans and the Employee Retention Credit
- The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC). Prior to its passage, if an employer obtained a Paycheck Protection Program (PPP) loan, the employer was ineligible to claim the ERC.
- COVID-19 Resource Guide: Taxpayers & Small Businesses
- This resource guide covers some key sources of information and news for taxpayers and small business owners in the United States during COVID-19.
- Video: Standard Mileage for 2021 Announced
- Watch the video to see the 2021 optional standard cents-per-mile rates for business, medical and moving purposes issued by the IRS.