President Biden recently unveiled his new $2.3 trillion infrastructure package, the American Jobs Plan. The construction industry will benefit in several ways, but there are mixed reactions on different aspects of the legislation.
On March 19, 2021, the Office of Management and Budget issued a memo directing federal agencies to delay, by six months, the deadline for recipient organizations to submit Single Audits. The new deadlines are September 30, 2021 and March 31, 2022.
View recording and slides. Eligible employers can take advantage of the newly extended employee retention credit, designed to make it easier for businesses that choose to keep their employees on the payroll despite challenges from COVID-19.
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
Even in a post-coronavirus economy, the potential for another public health crisis or national emergency remains elevated. What can construction companies do to protect their assets and plan for another site shutdown?
PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
Non-public schools have an opportunity to apply for federal funding through the Emergency Assistance to Non-Public Schools (EANS) Program. Virginia participates in this program, but administrators should act quickly as the funds are limited.
Despite receipt of PPP loans, hospitality businesses may be eligible for retroactive 2020 and new 2021 credits.
The American Rescue Plan Act provides significant aid and funding for suffering pension plans, in part through direct financial assistance.
Learn how CARES Act relief can affect current and future awards and timing considerations for government contractors.