As our entire team is working feverishly to monitor the latest news coming out of Washington, we will have a webinar on the new stimulus package within hours of its release.
As the domino effect of COVID raced through every sector of our lives, small businesses took the biggest hit. Temporary closings have become routine. Permanent closings and bankruptcy filings will continue to be rampant. The new stimulus promises relief to both individuals and businesses. Your clients will again look to you for strategy on applications. They will also seek your counsel on the new and often simplified provisions regarding PPP loan forgiveness. The new law seeks to clarify past positions and close some of the original PPP gaps while providing new avenues for obtaining economic aid.
More and more tax and other financial practices, big and small, are facing increased pressure due to attrition of clients. Remaining clients are likely to demand renegotiation of fees. This nearly Trillion Dollar legislation represents an opportunity to boost your practice revenue. To help you with this goal, we have prepared a comprehensive hot-off-the-presses webinar so you can best advise your hopefully new and ongoing clients. You will receive a complete tour of these major changes, including simplified procedures for PPP loan forgiveness, business eligibility criteria under the new PPP loans, deductibility of PPP business expenses, supplemental unemployment benefits, and stimulus checks. Many more aspects of the stimulus package will also be given their just attention.
You have been working for the last nine months to guide your clients through legislative attempts to secure much-needed help. With this whirlwind of changes, stay ahead of those continuing efforts by signing up for The New Coronavirus Stimulus Package: Update and Analysis of Individual and Business Tax Changes (NSUA). Multiple webinar dates are available.
This blog is co-authored by Nick Spoltore, Esq. and Lori Scarlat, CPA.
Nick Spoltore is VP of Strategic Content Development – Tax, Regulatory, and Emerging Markets for Surgent CPE. Mr. Spoltore is a graduate of the University of Notre Dame and of Delaware Law School. Before joining Surgent, he practiced tax and business law at the firm of Heaney & Kilcoyne. He is admitted to practice in PA, DE, and NJ.
Lori Scarlat is a Manager – Tax & Advisory Content for Surgent CPE. Ms. Scarlat is a NY-licensed CPA with over 10 years of public accounting experience. She holds a Master’s Degree in Accounting from Baruch College, City University of New York and is currently a member of the AICPA and New York State Society of Certified Public Accountants.