Coronavirus Stimulus for Businesses

Last week CSH hosted a client webinar to review the Coronavirus Relief funding bill the President just signed. The bill’s impact to businesses and potential opportunities going forward are significant. Points of interest we covered include:

• Full PPP expensing allowed
• PPP Round 2 coming – but limited
• Modification of PPP eligible expenses for all PPP loans
• Significant expansion of Employee Retention Tax Credit
• Extension of FFCRA tax credits – employee family and sick leave
• Addition of grant program for shuttered venues
• Business meals deduction enhancement
• Tax extenders

The recorded webinar is now available on demand. While the webinar was recorded on December 23, 2020, the details of the relief funding remain accurate. Contact a CSH advisor with questions.