Businesses provided a lifeline – CAA enhances PPP loans and extends Employee Retention Credit
$225.00
Description
Abstract: The Consolidated Appropriations Act provides much needed stimulus and tax relief for businesses hard hit by the COVID-19 pandemic. This article examines two of the provisions that business owners likely will be most interested in: the $284 billion in funding for forgivable loans through the Paycheck Protection Program (PPP), for both first-time and so called “second-draw” borrowers, and the extension of the Employee Retention Credit.
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