Vaccine Resource by County
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New Updates to COVID-19 Relief Effective January 2021:
Employers with fewer than 500 employees are no longer mandated to provide COVID-19 related sick leave for employees, but can still receive payroll tax credits through March 31, 2021 if they do so voluntarily.
Mandatory Paid Sick Leave Ended, but Tax Credits Continue: What Employers Need to Know, source Chambliss Law
Update on Employers’ Obligations for Covered Employee Sick Leave Under Families First, source Smith, Currie & Hancock
Paycheck Protection Program
The Small Business Administration has started rolling out the $284 billion second wave of PPP (effective January 11) to cover business costs for job retention and other expenses from January 1 through March 31, 2021.
Small Business Administration's Paycheck Protection Program Overview and Application
Simplified PPP Forgiveness Application for Loans Under $150K. Source HHM CPAs
Employee Retention Credit Program
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021.
Source: Elliott Davis
IRS Overview of Eligibility, Qualified Wages and More
AGCA's Lawsuit Against SBA
FYI ... AGC of America has filed a lawsuit against the SBA on its proposed PPP questionnaire that may retroactively evaluate “the need” for PPP on loans distributed in excess of $2 million last year. The SBA’s questionnaire is currently drafted in a way that will assess the borrowers need after the loan was requested, and not during the uncertain financial times when the application was submitted. We will keep members apprised as this unfolds.