Yesterday, the Senate voted to extend the Small Business Administration (SBA)’s Paycheck Protection Program (PPP), as it was set to expire at the end of the month. The PPP Extension Act of 2021 extends the program by 2 months—to May 31 instead of the current March 31 deadline. It also gives...
Late last year, on December 27, 2020, Congress passed and the President signed a massive end-of-year package that included FY2021 government funding, a small-scale energy bill, a tax extension, and COVID relief provisions. Following is a brief overview. Funding The end-of-year omnibus...
In response to the economic impact of COVID-19, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act) into law on March 27, 2020. Many contractors and small businesses took advantage of this Act’s Paycheck Protection Program, or PPP,...