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Consolidated Appropriations Act deep dive: The Paycheck Protection Program and Employee Retention Tax Credit

Source: - Jan 28, 2021

When the Consolidated Appropriations Act of 2021 (CAA) became law on December 27, 2020, it gave new life to two programs that have provided economic relief to American businesses from the early days of the pandemic: the Paycheck Protection Program and the Employee Retention Tax Credit. The new economic stimulus measure expands and improves upon these programs, which are helping companies continue to employ and pay their employees through the economic downturn, including by offsetting employee benefit costs.

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Category: General Business