Help for Those Who Need It - Details on How to Apply and Comply
If the Consolidated Appropriations Act passed by Congress is signed into law, nearly $900 billion in government relief will be available – if a revised bill is approved, this figure may change. Either way, aid to individuals and businesses is substantial and likely to include funding for more PPP loans and tax deductibility for expenses attributable to forgiven PPP loans. For a closer look at how this may affect you, your organization and clients, we are pleased to share the inside perspective our specialists offer in a live webinar and panel discussion. They will explore the details, opportunities, requirements and outstanding questions related to this important legislation.
Connect LIVE for details on the following proposed positions:
Paycheck Protection Program
- Eligibility for an additional $284 billion in funding
- Increased assistance for hospitality and seasonal businesses
- Clarifications regarding “covered period”
- Expanded definition of costs eligible for loan forgiveness
- Streamlined forgiveness for loans up to $150,000
- Audit requirement for PPP loan forgiveness
- Federal tax deductibility of PPP loan forgiveness expenses
Other Valuable Benefits
- Expanded Employee Retention Credit
- Grants for Shuttered Venue Operators
- Expanded debt relief for SBA Section 7(a) loan borrowers
- Enhancements to other SBA loan programs
Important Tax Advantages
- Expansion of business meal deduction
- Extension of credits for enhanced paid sick leave and family leave
- Extension of a range of key tax credits and provisions
Presenters:
Leo Parmegiani, CPA, Partner
Bruce Blasnik, CPA, CGMA, Partner
Alan S. Kufeld, CPA, Partner
Christopher Migliaccio, JD