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Happy holidays and best wishes for a happy, healthy, prosperous New Year!
President Trump has just signed the COVID relief bill. It allows all small business owners to apply for additional PPP money. The criteria set forth in the bill state that as long as you can prove that you were down 25% from your top line revenue in any calendar quarter of 2020 compared to 2019, you are eligible. It is revenue—not profit.
Since nearly all of our customers were forced to shut down for several weeks in April and May of 2020, nearly all of you should be able to meet those criteria and get more forgivable PPP money!
Additionally, apparently PPP money (both the old PPP & the new PPP) is not considered taxable income AND all expenses paid with PPP proceeds are deductible! If you meet the criteria for another PPP loan you should definitely take advantage of this new program.
I will be giving a short live webinar on this new PPP program at the dates and times below-just click on the applicable link to attend a webinar at a time that works for you. In addition, if you would like to speak to me individually about the new PPP program and/or about ideas on how to jump start your individual business in 2021, click on my calendar link below to schedule a short appointment.
Dr Josh Gindea
Executive Vice President
DoctorsInternet.com
https://global.gotomeeting.com/join/563189757
United States: +1 (872) 240-3212
Access Code: 563-189-757
https://global.gotomeeting.com/join/251059237
United States: +1 (408) 650-3123
Access Code: 251-059-237
https://global.gotomeeting.com/join/235036405
United States: +1 (646) 749-3122
Access Code: 235-036-405
https://global.gotomeeting.com/join/291776277
United States: +1 (408) 650-3123
Access Code: 291-776-277
If you would like an individual personalized consultation with Dr Josh Gindea about the new PPP and/or to discuss ideas on how to jump start your practice in 2021, please click on "Link to Josh's Calendar" below, choose "half hour appointment" and set a day and time that works for you.