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COVID-19 Relief Package Tax Implications And PPP And EIDL Updates

There are a few things you need to know about the recent signing of the year-end legislative packge by President Trump. The larger spending package did have changes to the Paycheck Protection Program (PPP) and Economic Injury Diasaster Loan Program (EIDL), as well as some tax implications. Below are two articles from Mark Higley and Craig Douglas regarding the updates. 

Changes to PPP and EIDL

Tax Implications from COVID-19 Relief Bill

Please reach out to Mark Higley or Craig Douglas with any questions.