PPP Program Extended Till May 31, 2021
The PPP program has been extended till May 31, 2021. Please see below link that describes how the program expands eligibility to Schedule C, sole proprietorships that have gross receipts but little taxable income.
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program
The Employee Retention Credit has been extended through December 31, 2021.
https://www.paychex.com/articles/compliance/employee-retention-credit
Please contact kit@harringtoncpas.com if you believe the above applies to you and need assistance in applying or using these benefits.