COVID Relief Updates: Paycheck Protection Program & Save Our Stages Grants

The Economic Aid Act includes new aid for small businesses, but there are significant issues and uncertainties that could render many small businesses ineligible. The Act provides for additional uses and expanded eligibility under the Paycheck Protection Program (PPP) for First Draw PPP Loans, a new round of Second Draw PPP loans as well as significant tax changes for PPP borrowers and new Shuttered Venue Operator Grants, also known as Save Our Stages grants.

To help sort through it all, our videos, featuring key members of the McDermott team, as well as other business leaders, will provide further insight and guidance on next steps related to tax, employee benefits, accounting and US Small Business Administration (SBA) requirements.

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VIDEOS

PPP Loans Under the Economic Aid Act: Introduction
PPP Loans – Tax and Accounting Considerations for Existing and New PPP Borrowers
PPP Loans & Employee Retention Tax Credit Issues
Save Our Stages/Shuttered Venue Section 324 Grants – Qualification Requirements and Eligibility

ARTICLES

COVID-19 STIMULUS PACKAGE SIGNIFICANTLY EXPANDS CARES ACT EMPLOYEE RETENTION TAX CREDITS

January 12, 2021

COVID-19 Stimulus Package Reverses Course: PPP Loan Recipients Are Retroactively Eligible for Important Payroll Tax Credits

January 12, 2021

COVID-19 RELIEF BILL: “SAVE OUR STAGES” SECTION 324 GRANTS AND UNEMPLOYMENT INSURANCE EXPANSION

December 30, 2020

COVID RELIEF BILL: KEY PPP ELIGIBILITY ISSUES LOOM LARGE FOR NEW AND SECOND DRAW LOANS

December 24, 2020

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