LSL Webinar Recording: PPP Loans 1 & 2 and the Stimulus Package: What You Need to Know

*Disclaimer* Lance, Soll and Lunghard, LLP is providing this material for information purposes only. The content within the presentation was developed based on information available as of January 28, 2021 at 3:00 PM. The material provided is general and is…

LSL Webinar Recording: PPP Loans 1 & 2 and the Stimulus Package: What You Need to Know

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*Disclaimer*
Lance, Soll and Lunghard, LLP is providing this material for information purposes only. The content within the presentation was developed based on information available as of January 28, 2021 at 3:00 PM. The material provided is general and is not intended to be complete tax or business advice. Nothing herein should be relied upon or used without consulting a tax or business advisor to consider your specific circumstances, possible changes to applicable laws, rules and regulations, and other tax or operational issues. Receipt of this material does not establish a client relationship.
Copyright 2021 Lance, Soll and Lunghard, LLP

LSL’s Dave Myers, MST, CPA & Tax Partner, and Mark Zimmerman, JD, MRED, CPA & Tax Director unpack all the latest tax laws in their next webinar in our series of PPP loan guidance.

They covered:

– What you need to know about applying for forgiveness on PPP Loan 1 and what you should be doing right now.

– How to know if you qualify for PPP Loan 2, and if so, what steps you should be taking now to get this forgivable loan.

– The “big sleeper” in the Stimulus Package – the Employee Retention Credit – and how this could generate significant relief for your business.

– Summary of the major tax provisions in the latest Stimulus Bill.

– Exciting new tools available to you through LSL that will simplify applying for forgiveness on PPP Loan 1 and getting a new PPP Loan 2.

They also answered questions through the live Q & A chat.

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