Santa may have come late this year to small business owners but he finally arrived Dec. 27 when the President signed the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
Besides renewal of relief provisions like a second round of the Paycheck Protection Program for suffering small businesses, the law clarified tax issues that had been swirling all year since the CARES Act was passed at the end of March, 2020.
This article from the SBA's Office of Advocacy explains t...
