Get ready for Paycheck Protection Program Round 2: PPP Loans return in newest COVID-19 relief bill with added tax benefits and additional eligible expenses
By EsqSocial Corporation 28/12/20
On December 21st, Congress passed a new COVID-19 relief bill titled the Consolidated Appropriations Act that provides for a variety of financial stimulus measures, including $325B in aid for small businesses, $166B in assistance payments, $125B in unemployment benefits, and $25B in rental aid, among others. Significantly, the legislation provides helpful tax changes to the initial Paycheck Protection Program (PPP) and offers a second round of PPP loans (PPP2) to an expanded group of businesses...
By: Buckingham, Doolittle & Burroughs, LLC