Friday, April 16, 2021

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COVID-19 Relief in 2021: What Small Businesses Need to Know

February 2, 2021 @ 2:00 pm – 3:00 pm
Piliero Mazza

The recent $900 billion COVID-19 economic relief package is delivering long-overdue help to businesses and individuals. The related legislation, the Consolidated Appropriations Act, provided more than $300 billion in aid for small businesses. It also ensured tax deductibility for business expenses paid with forgiven Paycheck Protection Program (PPP) loans, provided fresh PPP funding, and offers businesses facing severe revenue reductions the opportunity to apply for a second loan. However, it did not renew Families First Coronavirus Response Act-related leave requirements, and it did not include immunity provisions for businesses from coronavirus-related lawsuits. With these and other developments, understanding how the new law impacts your business is essential to positioning it for success in 2021.

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