As Joe Biden prepares to be inaugurated as the 46th President of the United States, his tax policy takes center stage. Although the Democrats hold the presidency and both houses of Congress for the next two years, any changes in tax law may still have to be passed through budget reconciliation.

The Consolidated Appropriations Act, 2021 (H.R. 133) was signed into law on December 27, 2020. This bill contains guidance on the existing Paycheck Protection Program (PPP) and guidelines for the next round of PPP funding. Learn how to gain control of the opportunities.

The Coronavirus Disease 2019 (COVID-19) stimulus package signed into law on December 27, 2020 makes very favorable enhancements to the Employee Retention Credit (ERC) enacted under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Understand the updated guidance and get ready to use the ERC in 2021.