United States

Coronavirus-related relief packages

An overview of resources available to businesses through legislation

RESOURCE CENTER

The federal government has passed several pieces of legislation to provide aid to businesses navigating the coronavirus pandemic. These packages include the Coronavirus Aid, Relief and Economic Security Act, which went into effect in spring 2020, and the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, which Congress passed in December 2020 as part of the Consolidated Appropriations Act, 2021.

Eligibility for resources under each of these programs varies based on business size and other criteria, and there are important tax implications that business leaders should understand if they seek aid through these options.

Find information below on what these aid packages mean for midsize businesses.


The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act


The CARES ACT


MOST RECENT CORONAVIRUS RELIEF INSIGHTS

IRS updates Higher Education Emergency Grant FAQs

Expanded FAQs further clarify that institutions do not report grant funds paid to students, and students do not include amounts in income.

  • March 31, 2021

CARES Act relief and the impact to government contractors

Learn how CARES Act relief can affect current and future awards and timing considerations for government contractors.

  • March 12, 2021

Hospitality industry may find relief in new ERC expansions

Despite receipt of PPP loans, hospitality businesses may be eligible for retroactive 2020 and new 2021 credits.

  • March 04, 2021

Employee Retention Credit: Answers to frequently asked questions

The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021.

  • February 25, 2021

Enhanced charitable deductions extended for individuals through 2021

Stimulus legislation extends through 2021 the 100% of AGI deduction for itemizers and availability of a deduction for non-itemizers.

  • February 24, 2021
Have a specific question? Contact us for additional perspective and recommendations.

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