Ebb Tide: Tax & Compensation Implications Around PPP Loans
Managing Professional Services Firms
Tuesday January 12, 2021 | Original Broadcast
In 2020, many professional services firms applied for and received loans from the Paycheck Protection Program (PPP), courtesy of the United States Small Business Administration. Viewed as a key business lifeline at the time, the recent passage of the Consolidated Appropriations Act, 2021—replete with second round of Paycheck Protection forgivable loans—holds significant ramifications for pass-through entities like law firms as they commence with year-end preparations and look forward to a new year. This timely conversation offers critical guidance for business leaders tasked with navigating uncanny shores. What considerations should leaders embrace over the weeks and months ahead?
On-Demand Recording Now Available | $24.99 USD
On-demand access expires 365 days from date of purchase.