New Stimulus Bill Brings PPP Aid, Tax Relief to Small Business

If you are a small business owner, the COVID-19 stimulus package that Congress passed on Monday evening (December 21, 2020), has some very good news.

There is welcome relief for small businesses. In addition to more Paycheck Protection Program funds available, Congress passed tax relief for small businesses. Congress also implemented other aid, including checks of up to $600 to every taxpayer ($1,200 for couples), plus $600 each for children 17 or under.

The 5,000+ page bill was overwhelmingly passed in both the House and Senate. The bill encompasses many things and Congress passed around plenty of pork to

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