320: PPP and COVID Relief Breakdown Part 2

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 5 January 2021

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join tax attorneys Mark Kohler and Mat Sorensen as they breakdown the provisions of the new 5,000+ page Covid Relief Bill in a fun and interesting format. Learn more and sign up for their Free Newsletter at www.mainstreetbusiness.com. Learn more about the new stimulus bill by reading Mat's Blog article on Entrepreneur by clicking the link below! https://www.entrepreneur.com/article/362143 Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! S...

Transcript

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0:00.0	Welcome everybody to today's episode of the Main Street Business Podcast. I'm here with my
0:09.5	amazing co-dose Matt Sorensen talking about the PPP and COVID relief. Again, this is only
0:15.5	going to be part two of the I can imagine multiple sections as we continue to unravel this massive legislation.
0:23.7	Matt, your initial thoughts.
0:26.6	Well, the good news is Trump signed it after some game.
0:31.8	And, you know, he managed to piss everybody off the Democrats and the Republicans,
0:36.3	but it's signed.
0:39.7	So we now have this bill we talked about on last week's podcast.
0:43.0	We're going to break it down even further.
0:45.0	Give some more updates on PPP.
0:46.4	We found that are really helpful and hit some other tax areas that are really applicable.
0:52.2	I think the business owners.
0:53.3	So the good news is they did put in some decent relief.
0:57.5	There's something in here.
0:59.0	I'd like with this stimulus, but there's like something in here for everyone.
1:01.8	Yeah.
1:02.0	And I'll say this right now.
1:03.5	I'm not even going to think that.
1:05.0	I am going to say that.
1:06.5	There is something in here for everybody.
1:08.7	I don't care if you're a billionaire, a millionaire, or a $100 air, whatever.
1:15.1	You got $100 in your pocket.
	...

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