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“Additional Coronavirus Response and Relief” Package – Stimulus for Businesses and Nonprofit Organizations

Additional Coronavirus Response and Relief

“Additional Coronavirus Response and Relief” Package – Stimulus for Businesses and Nonprofit Organizations

“Additional Coronavirus Response and Relief” Package – Stimulus for Businesses and Nonprofit Organizations

Description:

Please join us for a webinar on January 7th, 2021 at 11:00 am to discuss these important changes and updates. Our coverage will include
– Changes to the PPP Forgiveness Process
– Increased PPP Eligible Expenses
– Second Draw Paycheck Prote

Included in the recently passed and signed 2021 annual appropriations bill was a myriad of various COVID-19 stimulus and relief provisions. Rather than being a separate bill with a clever acronym, this relief was included in the overall appropriations package of over 5,500 in an effort to expedite its passage. The size and sprawling nature of this was heavily criticized, however, for businesses and nonprofit organizations, the three most crucial parts of this bill are the “COVID Related Tax Relief Act of 2020”, “Taxpayer Certainty and Disaster Tax Relief Act of 2020” and the “Economic Aid to Hard-Hit Small Businesses, Nonprofits & Venues Act”.

The “COVID-Related Tax Relief Act of 2020” included the passage of additional recovery rebates for taxpayers, a much-needed clarification on the tax treatment of PPP loan expenses & COVID-19 related grants, and the extension of payroll tax credits for providing paid sick and family leave

The “Taxpayer Certainty and Disaster Tax Relief Act of 2020” included the passage of “extenders” on many popular tax provisions which are typically extended at year ends, such as energy and work opportunity tax credits & tax provisions like the deduction for mortgage insurance premiums, but more importantly, an extension of many CARES Act tax provisions and an expansion of the Employee Retention Tax Credit – many employers who were previously unable to take advantage of this program may now be eligible in 2020 or 2021.

Register here!

Date

Jan 07 2021
Expired!

Time

11:00 am - 12:30 pm
Category

Organizer

Ken Cerini