![What we know about the Restaurant Revitalization Fund](https://insights.pughcpas.com/wp-content/uploads/2021/03/Pugh-Feature-Image-Commercial-restaurant-kitchen-717-300x169.jpg)
American Rescue Plan Act of 2021 creates $28.6 billion grant program for restaurants and other food or beverage service companies.
![Guidance issued for employers claiming the Employee Retention Credit](https://insights.pughcpas.com/wp-content/uploads/2021/03/Pugh-Feature-Image-Call-Center-1-300x170.jpg)
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
![Exclusive access period coming to PPP; other changes forthcoming](https://insights.pughcpas.com/wp-content/uploads/2021/02/Pugh-Feature-Image-US-Capitol-Building-3-529-300x170.jpg)
Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees.
![Court holds fuel mixture credit must first offset excise tax liability](https://insights.pughcpas.com/wp-content/uploads/2020/11/Pugh-RSM-Image-sm-federal-tax-300x169.png)
Tennessee district court holds credit against fuel excise taxes, reduces excise tax liability and must be deducted from production costs.
![Ongoing updates to Coronavirus: Financial reporting considerations](https://insights.pughcpas.com/wp-content/uploads/2021/01/Pugh-Feature-Image-Stock-market-board-609-300x170.jpg)
Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
![IRS partially finalizes passthrough interest limitation regulations](https://insights.pughcpas.com/wp-content/uploads/2020/11/Pugh-RSM-Image-sm_tax_reform-300x169.png)
Final regulations address self-charged interest and trading partnerships, but reserve on tiered partnerships and other items.
![ASC 740: Year-end provision considerations for 2020](https://insights.pughcpas.com/wp-content/uploads/2020/11/Pugh-RSM-Image-sm-federal-tax-300x169.png)
A roundup of considerations for companies while preparing income tax provisions for the year-ended Dec. 31, 2020.
![PPP reopening for first draw borrowers Jan. 11; second draw Jan. 13](https://insights.pughcpas.com/wp-content/uploads/2020/11/Pugh-RSM-Image-sm-federal-tax-300x169.png)
Treasury Department and SBA announce reopening dates for Paycheck Protection Program - Jan. 11, 2021 and Jan. 13, 2021.
![SBA releases guidance on PPP second draw loans](https://insights.pughcpas.com/wp-content/uploads/2021/01/Pugh-Feature-Image-Bank-Exterior-with-Columns-490-300x169.jpg)
SBA releases two PPP reopening guidance packages. The first for new borrowers and the second for the second draw program.
![SBA releases guidance on PPP continued access program](https://insights.pughcpas.com/wp-content/uploads/2020/11/Pugh-RSM-Image-sm-federal-tax-300x169.png)
SBA releases two PPP reopening guidance packages. The first for new borrowers and the second for the second-draw program.
![PPP eligibility expanded to certain section 501(c)(6) organizations](https://insights.pughcpas.com/wp-content/uploads/2021/01/Pugh-Feature-Image-Building-community-garden-149-300x170.jpg)
Year-end stimulus legislation extends Paycheck Protection Program and expands eligibility for exempt organizations.
![Retirement plans under the Consolidated Appropriations Act, 2021](https://insights.pughcpas.com/wp-content/uploads/2021/01/Pugh-Feature-Image-Sailboat-365-300x170.jpg)
The Act does not lengthen CARES Act COVID plan relief, but offers relief for non-COVID disasters, partial terminations and pension plans.
![Congress passes appropriations bill, containing COVID-19 relief bill](https://insights.pughcpas.com/wp-content/uploads/2020/12/Pugh-Feature-Image-US-Capitol-Building-224-300x170.jpg)
Last minute negotiations pave way for Congress to pass second major COVID-19 stimulus package with tax law changes and tax extenders.
![Permanent excise tax breaks for craft brewers, wineries and distillers](https://insights.pughcpas.com/wp-content/uploads/2020/12/Pugh-Feature-Image-Wine-production-facility-670-300x170.jpg)
Industry backed legislation passed by Congress to make permanent excise tax rate reductions for craft beer, wine, and distilled spirits.
![Congress passes law containing PPP tax fix; second-draw program](https://insights.pughcpas.com/wp-content/uploads/2020/12/Pugh-Feature-Image-Marble-interior-of-government-building-731-300x169.jpg)
After negotiations go to the 11th hour, Congress passes tax fix for PPP, changes to loan forgiveness and establishes second-draw program.