Accessing Paycheck Protection Loans and available Small Business Tax Credits
Congress has passed a new $2 trillion stimulus law designed to help protect America’s economy during this trying time. The package includes $350 billion in loans for small businesses designed to help them cover payroll and other essential operating expenses. Previous legislation, the Families First Coronavirus Response Act, placed new paid time off requirements on many of these same businesses but established tax credits to offset the cost of these new obligations.
To help explain to us how such companies can access those small business loans and available tax credits we have two experts from the law firm Steptoe & Johnson, LLC. Attorneys Kate Jensen and George Callas will walk us through these important new programs.
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Please Note: After the webinar was conducted the Treasury Department issued its final rule on the paycheck protection program loans discussed on the webinar. For the most updated information please visit Steptoe & Johnson’s Small Business Relief Under the Cares Act page.