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March 15, 2021

The American Rescue Plan Act of 2021

On March 11, 2021, the American Rescue Plan Act of 2021, a $1.9 trillion COVID-19 relief package was
signed into law. The American Rescue Plan extends the Families First Coronavirus Response Act (FFCRA) to September 30, 2021.

The bill also provides small business assistance, including $15 billion for the Economic Injury Disaster
Loan program.

Another key provision is a six-month extension of the Employee Retention Tax Credit (ERTC). This
refundable tax credit is now extended to December 31, 2021. Eligible employers may earn up to $33,000
in tax credits per employee.

The ERTC offers a refundable tax credit to businesses that experienced a significant decline in gross
receipts or had a partial of full suspension of operations due to COVID-19.

There have been significant modifications to the ERTC since the program was introduced last year as
part of the CARES Act. You may want to take a second look to see if your company is eligible for the
ERTC since the guidelines have changed.


About the Author

Marcel Abandonato is the founder of MJA & Associates and has spent over 25 years in the Staffing Industry. Marcel founded MJA & Associates in 2003. He managed the tax programs for a large national staffing company before starting his venture.

Marcel is actively involved in the Staffing Industry. He is a member of American Staffing Association, Staffing Industry Analysts, TempNet, ASGroup, and several Staffing Associations. He has also been a Board
Member of California Staffing Professionals for over 17 years.

MJA & Associates is a contingency based tax credit processing firm focused on the staffing industry. Federal, State, and local programs such as Work Opportunity Tax Credit (WOTC) and Empowerment Zone Employment
Credit (EZ) can save your company thousands of dollars. MJA &amp; Associates continues to save staffing firms millions of dollars every year. For more information, please contact Marcel at 951-272-8294 or marcel@mja-associates.com.

Topic(s): Industry