Congress has passed the most recent legislation aimed at providing economic and other relief from the COVID-19 pandemic. President Biden has signed the 628-page American Rescue Plan Act (ARPA), which includes $1.9 trillion in funding for individuals, businesses, and state and local governments.
The ARPA extends and expands some of the provisions in the CARES Act and the Consolidated Appropriations Act (CAA). It also includes some new provisions for both businesses and individuals.
Here is an overview of the provisions and how they might impact you:
Businesses and Other Employers
If you have questions about the American Rescue Plan Act, please reach out to a member of your DGC client service team. For specific questions about individuals, contact Erica Nadeau, CPA, MST at 781-937-5311 / firstname.lastname@example.org. For specific questions about businesses, contact Matthew Mulroney, CPA, MST at 781-937-5372 / email@example.com. You can also visit our coronavirus web page at dgccpa.com/coronavirus which is frequently updated with resources to help you deal with the impact of the coronavirus on you and your business.
If you would like to get alerts and insights like this sent directly to your inbox, sign up here.