What is the Employee Retention Tax Credit? The Employee Retention Tax Credit (ERTC) is a refundable tax credit that was created as an incentive for business owners impacted by the pandemic to keep their staff on payroll. The ERTC was first enacted on March 28, 2020, as part of the CARES Act. The Consolidated Appropriations…
Update: The SBA announced the SVOG application portal opens on April 8th. Visit the SBA SVOG Application Portal. The SBA has released the following documents and videos with additional information about the SVOG program: Shuttered Venue Operators Grant Eligibility Requirements Shuttered Venue Operators Grant Preliminary Application Checklist Cross-program eligibility on SBA COVID-19 relief options FAQ…
Economic Injury Disaster Loans The Consolidated Appropriations Act of 2021 (The Act) extended the Economic Injury Disaster Program until December 31st, 2021, or until funds run out. The SBA Economic Injury Disaster Loans (EIDL) loans are available to small businesses and non-profit organizations that suffer economic injury as a direct result of a federally declared…
Paycheck Protection Program (PPP) The Paycheck Protection Program was first established under the CARES Act in March of 2020 and provides forgivable loans to small businesses affected by the pandemic. The loan is eligible for full forgiveness if 60% is used on payroll costs and the other 40% is used on authorized expenses during the…