What’s Old is New Again in 2021: PPP Loans, COVID and the FFCRA

In addition to other stimulus aid and COVID relief, the Consolidated Appropriations Act, 2021 (the “Act”) signed into law on December 27, 2020, provides for a new round of Paycheck Protection Program (“PPP”) loans. These loans, however, are not the only critical COVID issues with which businesses are dealing. Buried within the law’s 5593 pages is a temporary extension of tax credits for paid sick and family leave under the Families First Coronavirus Response Act (“FFCRA”), which otherwise would have expired on December 31.  Join Oswald for a webinar presented by Jonathan Hyman and Lisa Lowe of Meyers, Roman, Friedberg & Lewis as we untangle the old, new legislation. The next phase of COVID-19 includes the introduction of the vaccine. In addition to the protocols employers introduced to ensure safety among employees, it is time to address how your company will establish a policy regarding the vaccine and the potential vaccination of your workforce. The rules surrounding employee vaccinations are not necessarily new, but they are being applied with a new sense of urgency.

Key topics of discussion:  

  • COVID-19 Relief Consolidated Appropriations Act; provisions of the PPP loans; forgiveness and tax Issues; what changed; what remains the same? 
  • Round 2 of the Paycheck Protection Program 
  • COVID-FFCRA Extension and Vaccine Policies