Your Favorite Orange County Bookkeeper breaks down The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act

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The Consolidated Appropriations Act, 2021 (CAA 2021) became law on December 27, 2020, and among many other things, provided for a second round of potentially forgivable Paycheck Protection Program loans to small businesses that were financially impacted by the effects of the pandemic. The Act not only provides funds and guidelines for a round two…