Virtual Business Discussion: Latest Updates on Stimulus Legislation Tax Credits and PPP Loans

In December, Congress passed additional economic relief for individuals and business owners. This webinar will cover the latest information available on the COVID-19 Relief Bill. Another round of PPP loans offering $284 billion in forgivable loans for small business borrowers is now available for distressed businesses. The SBA will be providing additional guidance on these PPP loans by January 12th. We will discuss the latest information on the PPP program, the SBA clarifications, and loan forgiveness options. Many of the CARES Act's tax credits, set to expire on 12/31/20, were extended in this newest bill. We will share an overview and strategies on how to benefit from the tax credits currently available. Our team will share their insights on: • Paycheck Protection Program (PPP) Loans Round 2 • Paycheck Protection Program (PPP) Loan Forgiveness Updates • Employee Retention Credit – $7k/employee/quarter • FFCRA (Families First Coronavirus Response Act): Employer Paid Leave • Latest tax updates from Washington Presented by: • Eric Trost, Principal, SVA Certified Public Accountants • Dan Glomski, Principal, SVA Certified Public Accountants • Nancy Mehlberg, Principal, SVA Certified Public Accountants