Incoming President Biden has a $1.9 trillion dollar economic relief plan in the works that helps individual taxpayers and small businesses, reports CPA Practice Adviser. 

President-elect Joe Biden rolled out a $1.9 trillion coronavirus relief plan — including $1,400 stimulus payments for taxpayers who received previous stimulus payments — aimed at beating back the highly contagious virus and resurrecting an economy in tatters from the pandemic. 

Small businesses are eager to apply for the second round of funding available under the Payroll Protection Program, reports CNBC.

For Andrea Herrera, founder of Amazing Edibles Catering in Chicago, the pandemic has tested her ability to adapt on the fly amid falling revenues. 

Small businesses will have access to additional Paycheck Protection Funds, reports CNBC.

The Paycheck Protection Program will reopen on Jan. 11, offering forgivable loans to small businesses and allowing certain cash-strapped firms to borrow a second time, according to the U.S. Small Business Administration.