Stimulus

Updates to Child Tax Credit – FOR 2021

With the passage of the American Rescue Plan comes changes to the Child Tax Credit for 2021. There are several elements to the changes for this credit. Maximum credit – The maximum credit in 2021 is $3,600 for children under the age of 6 and $3,000 for children ages 6 through 17.  This increased from […]

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Second Round of Payroll Protection Program Funds

The SBA and the Treasury have released the new application for a second draw from the Payroll Protection Program (PPP). Form 2483-SD – PPP Second Draw Borrower Application Form is for applicants who received the first round and wish to apply for a second loan. To be eligible for a second round of the PPP […]

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