President of Art of Business, Josh Hafetz, is here to explain the benefits of the new COVID-19 relief bill and PPP money in the latest happy hour.
How does the updated COVID-19 relief act affect you? Josh Hafetz, Art of Business President, breaks down the Coronavirus Aid, Relief, and Economic Security (CARES
) Act for 2021 in his latest happy hour.
In the video, Josh goes over changes to the Paycheck Protection Program (PPP) that include:
• Tax ramifications on PPP expenses.
• Economic Injury Disaster Loans (EIDL).
• Documentation for loan forgiveness.
For the new PPP in 2021, Josh discusses loan rollout, revenue reduction qualifications, more information on loan forgiveness, qualifying for different or additional opportunities through the SBA and EIDL loans, the Employee Retention Credit, and answers a few questions.
One thing is sure: stylists need support. We hope this video will help make a meaningful difference in your business. For any questions, please contact us at Art of Business.