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Topic

New Coronavirus Additional Economic Support Measures Voted on

Local news
#1
  • 頑張ろう日本人 in USA
  • mail
  • 2020/12/23 17:55

I am not certain yet, but I saw an article in the news that a new corona additional support was voted on, so I thought I would just share what I understood. Please understand that I may be wrong. Also, please note that although it has been voted on, it has not been signed by President Trump yet and the details are subject to change

・ Additional Stimulus Check benefits （ per adult $ 600.00, down from the previous amount. 00. ）
・ Additional Unemployment Insurance Benefit （ This is also less than last time and is for a weekly benefit of $ 300.00. ）
・ Additional Paycheck Protection Program （ PPP ） （ Details below. ）
・ Other things like extended evictions and rent assistance for people who can't pay their rent are also being incorporated.

Additional Paycheck Protection Program （ PPP ） seems to be available for companies that could not apply for the first PPP or companies that received PPP the first time and exhausted it and need more PPP. The basic rules and repayment waiver rules seem to be the same as for the first PPP, but there may be some changes, such as an increase in the amount that can be applied for in the hospitality industry, such as the hotel industry. Also, it seems that the second application is limited to companies with less than 300 employees and sales that have decreased by 25% or more from the previous year.

In addition, the original rule for companies that received an EIDL Grant of $10,000 and a PPP loan was that they had to repay the $10,000 in the PPP forgiveness process, but it appears that this rule will also change.

It was also mentioned that the expenses paid with PPP loans can now be included as expenses in the tax return.

The final rules will probably be decided at the beginning of January next year and the information will be available on the SBA website, but I don't think the first-come, first-served basis will change, so if you need a PPP loan, please prepare early. I am sure CPAs and attorneys will have more detailed information on the rest, so please check on your own for accurate information.

See ▼
https://www.nav.com/blog/new-ppp-loans-economic-aid-to-hard-hit-small-businesses-nonprofits-and-venues-act-776579/
https://www.nytimes.com/2020/12/21/business/stimulus-paycheck-protection-program.html

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#30
  • まだ不明
  • 2020/12/28 (Mon) 08:34
  • Report

If mutants are more lethal, 2021 is going to be a tougher year than 2020.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#32
  • まだ
  • 2020/12/28 (Mon) 21:53
  • Report

↑
It just passed the House, it hasn't been decided yet.
It has to pass the Senate as well to become a bill.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#33
  • M
  • 2020/12/28 (Mon) 21:55
  • Report

Our last stimulus check hasn't come in yet either, but 。。。。。

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#34
  • って
  • 2020/12/28 (Mon) 22:35
  • Report

↑ Also, you don't get people with high incomes ？.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#35
  • って
  • 2020/12/28 (Mon) 22:35
  • Report

I don't care.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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