In 2020, many professional services firms applied for and received loans from the Paycheck Protection Program (PPP), courtesy of the United States Small Business Administration. Viewed as a key business lifeline at the time, the recent passage of the Consolidated Appropriations Act, 2021 – replete with a second round of Paycheck Protection forgivable loans – holds significant ramifications for pass-through entities like law firms as they commence with year-end preparations and look forward to a new year. This timely conversation offers critical guidance for business leaders tasked with navigating uncanny shores. What considerations should leaders embrace over the weeks and months ahead?
Moderator:
Lisa Smith, Principal, Fairfax Associates
Panelists:
Carolyn Furina, Tax Director, Law Firm Services Practice, PricewaterhouseCoopers, LLP
Jordan Howlette, Trial Attorney, U.S. Department of Justice, Tax Division
Damien Martin, Partner, BKD, LLP
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