The New Stimulus Bill May Help Your Small Business

​The $900 billion package was signed into law on December 27th.

• Second PPP loans are available for some small businesses that had a 25% reduction in gross revenue
• Expenses paid for with PPP funds are now eligible to be deducted on your taxes.
• Employers who were entitled to more PPP funds the first time, but were limited due to changing guidance, may be able to request more funding.
• Some businesses may be eligible for the full $10,000 EIDL grant.
• Forgiveness applications will be simplified for loans of $150k or less.

Here's an article with more info:  www.forbes.com/sites/allbusiness/2021/01/02/5-ways-the-new-stimulus-bill-may-help-your-small-business/?sh=7fdc38ea6ae9