Updates to PPP Loan, Grant Relief and SBA Programs – The American Rescue Plan Act 2021
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021, H.R. 1319 (ARPA), into law, providing $1.9 trillion in additional stimulus, including $7.25 billion in Paycheck Protection Program (PPP) funding for small businesses. The ARPA expands PPP eligibility to most nonprofit entities and internet publishing organizations that meet certain conditions, as […]
IRS and California Postpone 2020 Filing and Payment Deadline to May 17, 2021
On March 17, 2021, the IRS announced that the tax year 2020 federal income tax filing due date for individuals will be postponed until May 17, 2021. Individual taxpayers needing additional time to file may still request an extension on Form 4868 for an extended deadline of October 15, 2021. Individual taxpayers can also postpone […]
