VIEWpoint Issue 1 | 2022
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VIEWpoint Issue 2 | 2021
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Weathering the Storm of Rising Inflation
Congress has finally settled on a new COVID-19 stimulus legislation – The Emergency Coronavirus Relief Act of 2020, which expands the employee retention credit, extends various expiring tax credits, distributes stimulus payments and allows the deductibility of Paycheck Protection Program (PPP)-funded expenses, even if forgiven.
The $900 billion bill, the second-largest next to the Coronavirus Aid, Relief, and Economic Security (CARES) Act in U.S. history, would initiate the following relief measures, among others:
It is anticipated that President Trump will sign the bill into law before the new year. Stay tuned – Doeren Mayhew will keep you updated as the bill progresses through the legislative-making process.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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