COVID-19 relief in 2021: What small businesses need to know | PilieroMazza SARL

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The recent $ 900 billion COVID-19 economic relief program is providing long overdue help to businesses and individuals. The related law, the Consolidated Appropriations Act, has provided more than $ 300 billion in assistance to small businesses. It has also ensured tax deductibility of business expenses paid with canceled Paycheck Protection Program (PPP) loans, provided new PPP funding, and offered businesses facing severe revenue cuts the opportunity to apply. a second loan. However, he did not renew Families First Coronavirus See more +

The recent $ 900 billion COVID-19 economic relief program is providing long overdue help to businesses and individuals. The related law, the Consolidated Appropriations Act, has provided more than $ 300 billion in assistance to small businesses. It has also ensured tax deductibility of business expenses paid with canceled Paycheck Protection Program (PPP) loans, provided new PPP funding, and offered businesses facing severe revenue cuts the opportunity to apply. a second loan. However, it did not renew the leave requirements related to the coronavirus response law for families first, and it did not include immunity provisions for companies from coronavirus-related lawsuits. With these and other developments, understanding the impact of the new law on your business is essential to position it for success in 2021.

Join Blaine Klusky of Hearken Advisors and members of PilieroMazza’s COVID-19 client response team – Isaias “Cy” Alba, Nichole Atallah and Kathryn Hickey – for a one-hour webinar on February 2 at 2:00 p.m. ET as ‘they talk :

– Developments for the PPP,

– Lessons learned from the first round of the PPP,

– Changes in sick leave,

– COVID-related responsibilities that small businesses may face, and

– Much more. See less –

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