Some PPP Updates from Gregg Bossen

by

General Ledger

Now that President Trump has signed the omnibus bill, Gregg Bossen explains six things that are vitally important to everyone - not just nonprofits. Watch Gregg's up-to-the-minute video for updates to PPP loans and forgiveness in which he explains:

  • One-page loan forgiveness affidavit for loans $150,000 and less
  • News on those EIDL advances
  • A new round of PPP loans for organizations with less than 300 employees and gross receipts 25% less than the prior year
  • Donors can now deduct up to $300 off on charity donations and no longer have to itemize (good for Nonprofits)
  • Even with forgiven PPP loan, expenses you used the money for can now be written off
  • Business owners will be able to write off 100% of meals in 2021 and 2022

Also, check out our webinars coming up in January: Getting Your 1099s Out of QuickBooks and a new QuickBooks for Houses of Worship series - see descriptions and coupon codes below.

Getting Your 2020 1099's Out of QuickBooks Desktop: January 13th (Wed) 2:00-3:30pm ET

$74 with code IA25JAN (regularly $99). Register here.

Getting Your 2020 1099's Out of QuickBooks Online: January 14th (Thu) 2:00-3:30pm ET

$74 with code IA25JAN (regularly $99). Register here.