Learn about the guidance that has been issued relating to the Economic Aid Act passed at the end of 2020 that impacts PPP loans, 2nd draws of PPP, Unemployment, forgiveness, and Covid Pay.

Congress has finally passed the long awaited second (or is it third) stimulus bill.  And while it is still awaiting presidential signature, the parts affecting small business are not likely to change.  In this video I review the new rules regarding PPP forgiveness and taxability, as well as the opportunity for applying for additional PPP funds in the future.

There are two months left in the year and a few housekeeping things that should be added to your to-do list.  Budgeting, 1099s, Tax Planning and PPP Forgiveness should all be a part of your end of year routine.  If you want to begin 2021 ready for whatever it brings and in the right frame of mind to make things happen, get these things done before year end.