COVID-19 Emergency Relief

Published On: January 5th, 2021Categories: Coronavirus Resources

On December 28th, 2020, President Trump signed the $2.3 trillion coronavirus relief and government funding bill into law. The bill contained both changes to the Paycheck Protection Program (PPP) and a second round of the Paycheck Protection Program (PPP2).

In this short COVID-19 Emergency Relief video, we break down the additional emergency pandemic relief, including:

  • Individual payouts
  • Requesting funds on 2020 tax return
  • Unemployment benefits
  • Tax-deductible expenses covered by forgiven PPP loans
  • New PPP2 funds
  • Emergency assistance to renters
  • Relief for hard-hit industries
  • Education and student loans

If you have questions on the latest round of emergency relief or anything else, we are always here to help.

Share This Story, Choose Your Platform!

About the Author: Shelly Spata, CPA

Shelly Spata joined the firm in 1998, and her name went on the door in 1999. She now serves as the Managing Partner of the firm. "As a business owner myself, I understand the complexities and challenges business owners face, and I strive to add value by helping clients understand their financial statements, manage tax consequences, and clearly see the financial and tax ramifications — both positive and negative — of decisions they make," she explains. "Without good financial information, it’s like driving a car blind, but with good information, clients are able to maximize profits."