2020 Tax Update: How the EIDL, PPP, ERTC, PUA, and Regional Grants Will Affect Your Taxes
This year, your taxes are likely going to look a little different than they normally do. Last year, a lot of new programs were created to help small businesses. This means you’re probably going to deal with situations you’ve never seen before including forgiven loans, grants, and unemployment benefits. The Economic Aid Act also amended the Employee Retention Tax Credit (ERTC) to include employers that received PPP loans, so any employer meeting ERTC eligibility criteria can now benefit.
Join us for this week’s Eastside Recovery Hub Webinar featuring representatives from the IRS and Falco Sult to learn more about how the different programs will impact your business taxes.