What You Need To Know About The New Bipartisan COVID-19 Relief Bills
December 21, 2020A bipartisan group of congressional policymakers have now released two compromise relief bills (Emergency Coronavirus Relief Act and the Bipartisan State and Local Support and Small Business Protection Act) to address the COVID-19 pandemic, totaling about $908 Billion.
Two of the more interesting components of this legislation will be 1) Additional PPP Funds for select groups and 2) Allowing Business Expenses Paid for by PPP proceeds to be deductible.
In anticipation of this passing (as this likely will be tied to the Government Spending bill to avoid shut down this Friday 12.18.2020), BerganKDV is inviting you to join a free webinar where we will walk you through the important points of this legislation, the corner case scenarios this might complicate, discuss how this will affect 2020 year-end tax planning and more!
