(Virtual) New Paycheck Protection Program Stimulus Funding: What the Consolidated Appropriations Act Means for You

Ever since the pandemic shuttered significant parts of the economy in mid-March 2020, the federal government has continued to provide relief funding to small businesses and their employees through a variety of stimulus measures including paycheck protection program (PPP) loans. The program, and the conditions for PPP loan forgiveness, evolved during the year resulting, most recently, in the December 21 passage of the Consolidated Appropriations Act.

The new $2.3 trillion legislation provides new stimulus measures to ease the economic impact of the pandemic on the American economy including a second round of PPP loans for businesses including some not-for-profit organizations that meet certain criteria. The legislation also reopens the original loan program for businesses that haven’t applied already and has expanded the program to some types of entities that were not previously eligible.

Brenda Haase, CPA and Tom Hudson, CPA, tax professionals from Councilor, Buchanan & Mitchell, have scheduled a one-hour presentation on Tuesday, January 26, from 11 am to 12 noon to discuss the Consolidated Appropriations Act, and the impact of the new legislation on existing PPP loan borrowers and those eligible to apply. They will also address possible interpretations of the law by the Small Business Administration and what that means for loan borrowers.

Join Brenda and Tom for a complimentary education session to keep business owners and their employees knowledgeable of the current stimulus package.

Please register for the event via the form below.