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COVID Relief Bill

nptrb

Entry posted by nptrb

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The new 5,500+ page Covid Relief Bill is massive, and it will take many weeks to digest everything included in the legislation.
Here's what we know about business relief and PPP funds:
 
There is now streamlined forgiveness for PPP loans under $150K. This is a significant development for many so check with your lender about how they want that now to be handled.
 
There is also now an additional $284B in PPP funding for impacted businesses to access.
 
More on this in days to come...
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Joe Marconi

Joe Marconi 1,349

Posted

I agree, the new COVID relief bill is massive and will take a lot to digest.  Let's keep informed and make sure that we follow how this bill, and meet with our advisors on how this bill can benefit us. 

nptrb

nptrb 16

Posted

You're absolutely right about that. I'll keep posting new information from the accounting community as it becomes available. We're all rallying together to make it as easy to understand as possible. 

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