There have been further developments and clarifications regarding the Consolidated Appropriations Act of 2021 (CAA) and the Paycheck Protection Program (PPP). These are some items we feel you should know about.
The Consolidated Appropriations Act of 2021 (CAA) was signed into law on December 27, 2020. Among other things, the law provided additional funds for the Paycheck Protection Program (PPP), and provided clarification and simplification for the loan forgiveness process.
After some fits and starts, the Consolidated Appropriations Act of 2021 (CAA) was signed into law on December 27, 2020. Along with stimulus checks, increased unemployment benefits, and a variety of other items meant to help those in need, the law also provided some clarity on key issues relating to the Paycheck Protection Program (PPP).
$400,000 seems to be the central number inside the proposed Joe Biden tax plan. The candidate has stated repeatedly that those with taxable incomes of under $400,000 will not see a tax increase, while those with incomes above that threshold could see higher taxes of varying degrees. So, what does this mean?
Licensed and Certified CPA, ABV & CFF
44+ Years Experience, Specialists in Veterinary Financial Services & Management
11858 La Grange Ave, Ste B
Los Angeles, CA 90025
Tel 310.393.2434
Fax 310.393.8777
©2012 - 2025 | Gatto McFerson | All Rights Reserved | Site by MYHRECO