The long-awaited second COVID-19 recovery package was signed into law December 27, 2020. The package includes many provisions NFIB and small business owners have been fighting for, including a second round of funding for both the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) Advance Grant, though eligibility is more targeted for both programs. The new law also makes a number of business-friendly tax changes to both programs, as well as extending some of the tax credits from the first recovery package.
The main takeaways from the COVID-19 Recovery 2.0 legislation that small business owners should know are here….
NFIB’s experts walked through many details in a free pre-recorded webinar are here….