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The Employee Retention Credit (ERC) was established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020, to encourage businesses to keep employees on...
, in March 2020, has brought much needed relief to the restaurant industry. The PPP came with a waiver of the affiliation rules set by the U.S. Small Business Administration to ensure more restaurants were able to take advantage of the financial assistance made available by the CARES Act and the additional assistance made available by the December 2020 Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues, or the Economic Aid Act. Nevertheless, the pandemic’s effect on the restaurant industry has been devastating. An estimated 110,000 eating and drinking establishments closed th...
To embed, copy and paste the code into your website or blog: On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the “Economic Aid Act”) became law. The economy continues to struggle from the effects of the coronavirus pandemic. This new law provides additional support to many small businesses. So far in the month of January alone, the Treasury Department (the “Treasury”) and the Small Business Administration (SBA) have issued over 200 pages of new interim final rules (the “Interim Rules”) and other written guidance related to modificati...
To embed, copy and paste the code into your website or blog: On December 27, 2020, the Consolidated Appropriations Act, 2021 (“the Act”), was signed into law. The new law both funded the U.S. government for the remainder of FY 2021 and made available a wide range of COVID-19 relief support, including The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (“Economic Aid Act”). The Act reopens the Small Business Administration’s (“SBA”) Paycheck Protection Program (PPP), allowing businesses to apply for a loan for the first time or, in some cases, allowing exis...
Washington Beer Blog Resources for breweries: Coronavirus Relief Package and PPP Loans By washingtonbeerblog on January 7, 2021 at 2:58 PM I just got a message from the Washington Brewers Guild. They want breweries to know about two upcoming opportunities related to COVID-19 economic relief. Specifically, two upcoming webinars. One presented by the Brewers Association for its members. The other is presented by the Washington Small Business Development Center. Here’s the info from the Guild. Congressional Coronavirus Relief Package and PPP Loans Questions about the latest ...