More pandemic relief is officially on the way. In late December 2020, then-President Donald Trump signed a new, $900 billion COVID-19 stimulus package known as the 2021 Consolidated Appropriations Act (CAA). In this episode, we cover three key changes introduced by this bill that HR parties of one need to know right now.

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▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬

00:00 Signing the 2021 Consolidated Appropriations Act (CAA)

00:33 What is the Consolidated Appropriations Act?

02:03 New FSA and Dependent Care Updates

04:28 How HR can take advantage of this new FSA flexibility

05:02 FFCRA Leave Tax Credit Extended

05:34 Why Congress Made Changes to the FFCRA

06:51 Paycheck Protection Program Funds- Replenished & Restructured

07:40 PPP First-Draw Participants

08:10 PPP Second-Draw Participants

08:45 PPP Eligibility & Cost Updates

09:14 PPP Funding for Minority, Veteran, and Women-owned Businesses

09:25 New PPP Deadlines

09:56 Homework

10:19 Final Notes

▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬

U.S. Small Business Administration: Coronavirus Relief Options

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options

Related Episode: CARES Act Summary: How to Prepare for the Coronavirus Stimulus Package

https://youtu.be/y1GH3bZMgkM

Related Episode: Emergency Sick Leave: Families First Coronavirus Response Act

https://youtu.be/zoCH4MM9hxk

Related Episode: How to Apply for the Paycheck Protection Program

https://youtu.be/tg4Rd5vRiGc

HR Glossary: FFCRA- Families First Coronavirus Response Act

https://www.bernieportal.com/hr-glossary/families-first-coronavirus-response-act-ffcra/

HR Glossary: CARES Act

https://www.bernieportal.com/hr-glossary/cares-act/

National Law Review: Congress Extends FFCRA Tax Credit into 2021

https://www.natlawreview.com/article/congress-extends-ffcra-tax-credit-2021-declines-to-extend-ffcra-leave

National Law Review: PPP Update: Guidance for New and Existing Borrowers

https://www.natlawreview.com/article/ppp-update-guidance-new-and-existing-borrowers

National Law Review: Additional Relief for FSA Benefits

https://www.natlawreview.com/article/additional-relief-fsa-benefits

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Three Key Changes HR Needs to Know About the New COVID-19 Relief Bill

HR Party of One