The passage of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (EAA) has resulted in a number of significant changes to the Paycheck Protection Program (PPP).
These new changes offer expanded tax credits, forgivable and low interest loans, and grant money to help businesses through the pandemic. Because these changes impact so many different areas, our Business Advisors group is introducing a number of short videos answering some of the most commonly asked questions we have received regarding PPP updates in our new video series “The Economic Aid Act – What You Should Know”. Steve Thimons, Director with Schneider Downs, kicks off the FAQ series with an introductory video discussing what the Economic Aid Act is.
Schneider Downs EAA FAQ: What are the Significant Changes That the EAA Made to the Original PPP? from Schneider Downs on Vimeo.
Additional videos from the series are linked below for quick access and sharing.
- EAA FAQ: What is New with EDL?
- EAA FAQ: How Do I Qualify for an EIDL2 Advance?
- EAA FAQ: How is PPP2 Different From the Original PPP Loan Program?
- EAA FAQ: What are the Significant Changes that the EAA Made to the Original PPP?
- EAA FAQ: What Documentation Will I Need to Submit with My PPP2 Loan Application?
- EAA FAQ: Who is Eligible for Another Round of PPP Loans?
- EAA FAQ: What is the Shuttered Venue Operators (SVO) SBA Grant Program? Part 1 – Eligible Entities
- EAA FAQ: What is the Shuttered Venue Operators (SVO) SBA Grant Program? Part 2 – Non-eligible Entities
- EAA FAQ: What is the Shuttered Venue Operators (SVO) SBA Grant Program? Part 3 – Grant Disbursements & Award Amounts
- EAA FAQ: What is the Shuttered Venue Operators (SVO) SBA Grant Program? Part 4 – What Type of Documentation is Needed to Maintain Compliance with the Program?
In addition to the video series, our team continues to provide the latest thought leadership and insights on legislative changes, market conditions, and business considerations brought on by the COVID-19 pandemic at our COVID-19 Resource Center.
Related Articles
- Be Aware of Interplay Between the ERC, PPP and Other Payroll-Related Incentives
- Consolidated Appropriations Act – 501(c)(6) Organizations Qualify for PPP Funding
- Meal and Beverage Expenses Fully Deductible for the Next Two Years
- Update to Paycheck Protection Program Second Draw Loans
- Interim Final Rule – PPP as Amended by the Economic Aid Act
- What Is in the Second Round of Stimulus for Nonprofits?
- Round Two of Economic Injury Disaster Loan Advances
- Revisions to the Paycheck Protection Program
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About Schneider Downs Business Advisors
Schneider Downs Business Advisors leverages our experience and industry expertise to maximize value and minimize risk during acquisitions, litigation, arbitration, corporate reorganization and other major business transactions and transitions.
Have specific questions about the PPP or other CARES Act programs? Learn more about our PPP team at www.schneiderdowns.com/ppp or contact us today.
