The American Rescue Plan Act (ARPA) of 2021 passed Congress and President Biden signed the bill into law on March 12, 2021. The ARPA approves $1.9 trillion in spending for individuals, businesses, governments, and certain industries impacted by the COVID-19 pandemic. Here are the key individual and business provisions in the bill. Read more here.
PPP applications for first and second-draw loans have been extended to May 31, 2021. The SBA will then spend an additional 30 days processing applications. Read more here. Contact us for assistance with a PPP loan.
How your accountant can help with payroll and why it's important during COVID-19
Small business owners wear many hats and can spend too much time in one area of managing their business, and not enough working on growing and improving their business. One of the biggest culprits of this is in payroll. Payroll can be tedious and time-consuming, and errors could be costly. Add in the stress of the COVID-19 pandemic, and even less time is available for other initiatives. Imagine all the things you could do if you reallocated that time elsewhere. But, payroll has to get done, so what are your options? Read more here.
Accounting scholarships available for students
The Payne Nickles Accounting Scholarship applications for the 2021-2022 academic year are now open for second, third, fourth, and fifth-year accounting majors intending to take the CPA exam. Up to 2 $2,000 scholarships will be awarded. The deadline to apply is Wednesday, June 2. Apply today or share this link with someone you know who could benefit from this scholarship! Learn more here.