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Additional Coronavirus Response and Relief: Analysis and Action

01-07-2021


On December 27, President Trump signed the Consolidated Appropriations Act, 2021, containing $900 billion in COVID-19 relief. The payroll-related relief in this mammoth budget law appears in Divisions N and EE, as follows:

  • The COVID-related Tax Relief Act of 2020 (extension of FFCRA credits)
  • The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (extension and expansion of PPP)
  • The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (extension and expansion of the Employee Retention Credit)

So goodbye to the bill originally dubbed ECRA (Emergency Coronavirus Relief Act) and welcome to Additional Coronavirus Response and Relief.

Regardless of its name, what steps should you take now to guarantee maximum benefit to your business? Watch our webinar now to learn more!



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