Archive for February, 2021

Employee Retention Tax Credit (“ERTC”)

Updated February 2021 On December 20, 2020, the House and Senate passed H.R. 133, the Consolidated Appropriations Act of 2021 (“CAA”), which includes a significant expansion of the Employee Retention Tax Credit (“ERTC”) through June 30, 2021. The ERTC was first enacted on March 27, 2020, pursuant to the Coronavirus Aid, Relief, and Economic Security… [Read More]

Paycheck Protection Program (PPP2)

Updated January 2021 Guidance has been issued by the SBA regarding the “second round” of the Paycheck Protection Program (PPP2) and some other aspects that were signed into law at the end of the year. Summary of Key Aspects of PPP Second Draw Loans These loans are generally subject to the same terms, conditions and… [Read More]

New California Small Business Grants

Updated January 2021 California has launched a business grant program for COVID-impacted business. The California Small Business COVID-19 Relief Grant Program is making available almost $500 million in COVID relief through grants for small business that have been impacted by COVID-19 and the health and safety restrictions such as business interruptions or business closures incurred… [Read More]