COVID-19 Emergency Relief

Shelly Dercole, CPA2021-01-30T15:37:10+00:00January 5th, 2021|Coronavirus Resources|

View Larger Image

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.

About the Author: Shelly Dercole, CPA

Shelly Casella-Dercole 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."