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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INSIGHTS
WHAT TO DO IF YOUR PPP FORGIVENESS APPLICATION IS DENIED (IN FULL OR IN PART)
February 18, 2022
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
