PPP Loan Forgiveness, Second Draw Loans & Employee Retention Credit: What’s New & What’s Changed?
Date: Thursday, January 28, 2021
Time: 12:30 PM – 1:45 PM ET
Speakers: Jerry Grady, Partner, UHY LLP; Managing Director, UHY Advisors
Ali Baydoun, Principal, UHY LLP
Alison Dunleavy, Senior Manager, UHY LLP
In light of the devasting impact of the pandemic on many businesses, Congress enacted the CARES Act which created several programs including the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC) that provided unprecedented levels of financial support to businesses. With many businesses continuing to struggle, Congress expanded and enhanced these programs in the Consolidated Appropriations Act, 2021, signed by the President in late December. In this comprehensive overview of what’s new and what’s changed in these programs, subject matter experts with deep staffing industry experience will do a ‘deep dive’ on the changes to PPP Loan Forgiveness rules, requirements for second draw loans, and the expanded eligibility for the ERC. After the prepared presentation, there will be an opportunity for questions.