In response to the coronavirus (COVID-19) pandemic, Congress passed new stimulus relief to bring the resources of the federal government to protect the health and well-being of all Americans. This bill provides several key provisions for taxpayers, including direct economic relief for workers and families, an additional $284.5B for small businesses, and guidance around the deductibility of expenses with forgiven PPP funds. The best way for advisors to prepare for this important development is to join Bob Keebler in this webcast where he will review all of the critical issues you’ll need to master to quickly and competently advise your clients.
*Identify how the new tax provisions will work for taxpayers *Recognize the types of taxpayers impacted *Identify the details of the new benefits available
*Direct economic relief for workers and families
*Corporate meal expense deduction
*The total deductibility of expenses satisfied with forgiven PPP funds