Taking Advantage of the New Paycheck Protection Program & Other Stimulus Provisions

Stimulus legislation that passed in the closing days of 2020 may bring significant opportunities to businesses navigating the impact of the COVID-19 pandemic. Chief among the provisions is a new iteration and expansion of the popular Paycheck Protection Program (PPP). Changes in the Consolidation Appropriations Act (the Act) also clarify PPP loan tax treatment and offer temporary relief to medical flexible spending accounts and other employee benefit offerings. Several tax provisions were modified by the Act as well.

This webinar will recap what businesses need to know to take advantage of available relief measures and how developments in the Act may impact 2021 planning. The one-hour, CPE-eligible presentation will be followed by a 30-minute Q&A session for participants.

Topics will include:

• Provide an overview of the new PPP2 loan program
• Summarize developments affecting loan forgiveness applications 
• Describe cafeteria plan and surprise medical bill relief included in the Act
• Evaluate temporary tax relief measures 
• Identify the tax provisions and extenders affected by the legislation

Speakers:

• Jake McDonald - Director, CBIZ Credit Risk Services
• Karen McLeese - Vice President, Employee Benefits Regulatory Affairs, CBIZ Benefits & Insurance Services
• Bill Smith - Managing Director, CBIZ National Tax Office

Looking for more resources to assist in Accelerating Your Recovery? Visit our resource center for expertise on growing and transforming your business.

In the meantime, should you have any questions concerning this topic or anything else to do with your organization's recovery, please contact your local CBIZ professional.