EPISODE · Dec 24, 2020 · 23 MIN
PPP Recipients Now Eligible for ERC: How to Maximize the Benefit
from The Accounting Podcast · host Blake Oliver & David Leary
Show Notes2:32 - Consolidated Appropriations Act of 2021 Enhances the Employee Retention Credithttps://www.aprio.com/whatsnext/employee-retention-credit-is-now-eligible-to-ppp-loan-recipients/ 4:56 - How does this impact the PPP loan forgiveness application deadline? 7:22 - [Updated] Top 10 PPP Changes from the Consolidated Appropriations Act of 2021https://www.aprio.com/whatsnext/new-stimulus-package-finally-on-the-horizon/ 7:43 - Simplified forgiveness application - REALLY Simplified! 11:20 - Employee Retention Credit - the good, the bad, and the utterly confusing21:12 - Provider Relief Funds - CARES Act Don't miss Justin Elanjian's webinar on December 29 - Unpacking PPP Updates from the Latest Stimulus Billhttps://aprio.zoom.us/webinar/register/5316085644641/WN_dTqlpoVKR5eZcK2XL-OfugGet in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info and be sure to check out our special stimulus pricing of four episodes for just $100. Full Transcript Available Upon Request - [email protected]
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What this episode covers
This is BIG NEWS for PPP borrowers: Business that received a PPP loan are now eligible for the Employee Retention Credit (assuming President Trump signs the Consolidated Appropriations Act of 2021 into law). Hear from Justin Elanjian, CPA and Partner at Aprio, what strategies you need to be considering when it comes to maximizing the benefit of PPP forgiveness paired with the ERC for your clients.
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PPP Recipients Now Eligible for ERC: How to Maximize the Benefit
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