Tag: Question of the day

Business Coverage

Q: The 2021 Consolidated Appropriations Act included another round of loans through the Payroll Protection Program (PPP). Who qualifies for the loans and related loan forgiveness? Can I get the loan again if I received monies under the prior PPP Program? Did the legislation include any changes to qualified expenses for the forgiveness of the PPP loans?

A: The new loans through PPP are available to first time qualified borrowers and businesses that had a loan in the prior PPP program. Borrowers may qualify to receive

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Q: I understand the mandated Families First Coronavirus Relief Act (FFCRA) ended December 31, 2020. How does the recently passed legislation “The Consolidated Appropriations Act, 2021” impact FFCRA with regards to employee leave requirements? How are employers to handle leaves related to COVID-19?

A: The mandate requiring employers with under 500 employees to offer FFCRA expired on December 31, 2020.  Employers may voluntarily extend FFCRA and continue to receive credits through March 31,

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