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COVID-19 News

CAA Section 206 is a Time-Warped Headache for Retroactive Employee Retention Credits

The Employee Retention Tax Credit (ERC) was recently clarified and extended by Sections 206 & 207 of the Consolidated Appropriations Act (CAA). Whereas Section 207 extended provisions for the ERC into the first two quarters of 2021, Section 206 amended … Continue reading

 

Employee Retention Tax Credit Eligibility: A Step-By-Step Guide

  • Does your small business qualify for the ERC?
  • If so, what wages qualify for the credit?

The Employee Retention Tax Credit (ERC) is a small business’ next tool for COVID-19 survival. The Consolidated Appropriations Act extended ERC provisions through the … Continue reading

 

ERC & PPP: How To Choose When You Can’t Double Dip

  • Wages that qualified for PPP loan forgiveness are ineligible for the ERC
  • A little-known new loophole to maximize benefits from both

The Consolidated Appropriations Act (CAA) passed in December confirmed new provisions on the Employee Retention Tax Credit (ERC)—a much … Continue reading

 

CAA’s Extension of Employee Retention: Does Your Business Qualify?

  • Several overhauls from CARES Act—what are they and how can you benefit from them?
  • Continued provisions—important factors still in play
  • Does your business qualify? Find out below.

The passing of the Consolidated Appropriations Act (“CAA”) in December of 2020 has … Continue reading

 

Take Advantage of These CAA Tax Benefits Now

  • The Consolidated Appropriations Act 2021 (CAA) includes a second round of the Payroll Protection Program loan as well as some updated tax benefits
  • Learn how you and your business can take advantage of these major changes

We know that the … Continue reading

 

COVID-19 Relief Bill Brings An SOS: “Save Our Stages”

  • Sec. 324 Grants for Shuttered Venue Operators provides hope for the live entertainment industry
  • $15 billion budgeted for grant programs for venues struggling from COVID-19 closures

The Consolidated Appropriations Act (“CAA”) includes provisions like the “Economic Aid to Hard-Hit Businesses, … Continue reading

 

It’s Not Deja-Vu, It’s PPP Application Time—Part 2

  • The SBA has released official guidance for PPP loans
  • Two Interim Final Rules clarify steps for both first and second-time borrowers
  • When, where, and how to apply

The PPP application process is officially open as of Monday, January 11. The … Continue reading

 

Meet PPP’s Lesser-Known Younger Sibling: the SBA 7(a) Loan

  • Small Business Administration Section 7(a) loan provides smaller loans with quick turnaround
  • Check to see if your small business qualifies

The passing of the Economic Aid to Hard-Hit Businesses, Nonprofits, and Venues Act (“the Act”) brought about buzzwords like “… Continue reading

 

Three Martini Lunch With a Side of Tax Breaks

  • COVID-19 relief bill includes provisions for business meal deductions
  • Will this revive the restaurant industry or will it hurt the corporate tax rate?

With the release of the newest coronavirus relief bill came a revival of old favorites from 2020—the … Continue reading

 

New Year, New Bill, New Changes For Small Businesses & Self-Starters

  • 5 steps for small businesses to kickstart 2021
  • How DSJ can help you prepare for a year of success

Though only less than a week into the new year, major changes are underway that will affect small businesses, entrepreneurs, and … Continue reading