While PPP 2 grabs the headlines and businesses scramble to figure out if they can qualify for additional forgivable loans, another key benefit from the Consolidated Appropriation Act of 2021, shouldn’t be overlooked. The expansion of the Employee Retention Credit (ERC) has both retroactive benefits related to the credit for 2020 as otherwise applied under the…

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The Consolidated Appropriations Act, 2021 (CAA 2021) has a few different benefits for businesses including another round of PPP, payroll tax benefits and what I’m going to talk about in this article, a number of income tax items. There are nine business income tax items in the Consolidated Appropriations Act, 2021 (CAA, 2021). Of those, here…

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