What Advisors Need To Know Now About the Coronavirus Relief Bill, Including an Update on Congressional Action
Congress is very close to passing additional coronavirus related relief, as a bipartisan group of legislators released bill text on December15th that provides significant insight into where this time-sensitive legislation is going. The coronavirus related relief framework provides funding for the following significant items of great interest for advisors and their clients:
- Funding for state & local governments
- New unemployment insurance
- Funding for the PPP program
The best way for advisors to prepare for this important development is to join Bob Keebler in his exclusive LISI Webinar where he will review all of the critical issues you’ll need to master to quickly and competently advise your clients. Issues Bob will cover include the following:
- The total deductibility of expenses satisfied with forgiven PPP funds are provided for in the bill;
- An additional round of forgivable “second-draw” PPP loans for small and “hard-hit” businesses;
- The new quarterly revenue rule to even quality for a second PPP loan;
- Expanded eligible expenses;
- Simplified forgiveness applications for less than $150,000 loans;
- Simplified forgiveness applications for less than $2,000,000 loans;
- Simplified covered period rules;
- How to increase prior loans because of regulatory changes
- Special rules for farmers and ranchers;
There will be no CE for this webinar
For those who have a conflict with the date/time, The session will be recorded. Simply register and you will have unlimited access to the recording.
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