Theresa Arndt, CPA

Greene County has received a total of $56.9 million from the American Rescue Plan Act (ARPA) and has allocated $8 million of these funds for small business ARPA applications. Greene County will grant these funds over four funding rounds expected to take place during 2022 & 2023, with around $2 million being awarded in each round. The first application deadline ends on May 31, 2022 , so if you believe you qualify for the ARPA Small Business Fund grant, please fill out your application as soon as possible (see application process below). ARPA FEATURES The ARPA grants are awarded to recipients based on (1) number of current employees in your business and (2) whether your business operates out of a rented or owned retail, office, warehouse, or operating space. You will have to be able to demonstrate that your business has been negatively impacted due to Covid in order to qualify for any Greene County ARPA assistance (see application process below). The program automatically has ...

Each calendar year provides unique challenges and updates to tax law impacting businesses and individuals. This post will highlight some of the major changes for businesses. If you wish to see tax law changes affecting individuals, you can go here . Article Highlights Paycheck Protection Program Employee Retention Credit Restaurant Revitalization Fund Business Meals Payroll Tax Deferral Employer-Provided Childcare Credit Excess Business Losses Executive Compensation Corporate Net Operating Losses Corporate AMT Corporate Charitable Contributions Excise Tax on Repurchase of Corporate Stock §1202 Gains On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. The CAA contained two other laws: COVID-Related Tax Relief Act of 2020 (COVIDTRA) and Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTR). Though signed into law in 2020, many of the provis...