If your small business has been struggling because of the Covid-19 pandemic, here are some important ... [+] ways this new relief package may help. © Jeff - Adobe StockBy Gerri DetweilerThe second stimulus bill, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, has been passed by Congress and signed into law by President Trump. As happened after the CARES Act passed March 27, 2020, the Treasury Department and the Small Business Administration (SBA) will issue guidance that may change how this legislation is implemented. (Normally small business grants are taxable.) All in all, the measures passed in this bill mean help is on the way yet again for a number of small businesses.

Source: Forbes January 02, 2021 13:52 UTC