43184 Dequindre Rd. Ste. 203
Sterling Heights, MI 48314
PLW CPA can help you prepare your PPP Forgiveness Application - Contact Us Today
Bob Wexler, CPA
Patty Wexler, CPA
Stephanie Ventimiglia, CPA
Judi Rosso, CPA
New COVID Relief Package --
Coronavirus Relief Options - Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL)
Certified Public Accountants
On 12/28/2020 the President signed the $900 billion Covid relief package passed by Congress on 12/21. Below are some of the major highlights of the legislation. Please click here for an article from the Michigan Association of CPA's with additional business and individual provisions of the new legislation.
The full amount is $600 per individual, $1,200 per couple, and $600 for children (under 17). It’s available for individuals with adjusted gross income at or below $75,000 ($112,500 for heads of household), and couples with adjusted gross income at or below $150,000. If they have children, they will receive an extra $600 per child. For those above this income level, their amount will be reduced by $5 for each $100 their AGI exceeds the above thresholds.
Additional $300/week of unemployment benefits until March 14, 2021.
Paycheck Protection Program (Round 2) and other PPP changes