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There's more to the Consolidated Appropriations Act (CAA) than PPP loans - it also includes significant taxpayer-friendly changes to the Employee Retention Tax Credit (ERTC).
The ERTC provides employers with tax credits of up to $5,000 per employee for 2020 and $14,000 for 2021 for qualified wages paid from March 12. 2020 through June 30, 2021. The major benefit is that it allows employers to take advantage of both the PPP loan program AND the ERTC. Plus, some of the legislation is retroactive.
Take this Quick Test to see if your business or organization may qualify - a member of our COVID-19 Advisory Team will contact you with your results.