PPP Update Second Stimulus Package Update – HEALS Act and HEROES Act
The Senate Republicans presented the HEALS Act on July 27, 2020, which was their proposal for a second economic stimulus package. The Democrats released their proposal back in May dubbed the HEROES Act. Although both plans are geared towards stimulating the economy, the two plans are still drastically far apart.
If you are looking for PPP updates from the HEALS Act, this video is for you. The HEALS act mentions easier forgiveness processes for smaller loans (maybe something like blanket forgiveness) as well as second rounds of PPP loans.
If you are interested in hearing the updates on the unemployment benefits and stimulus checks, make sure to check out the Clear Value Tax channel here: https://www.youtube.com/channel/UCigUBIf-zt_DA6xyOQtq2WA
Find Small Business PPP Resources here: http://learn.claracfo.com
To book a time to talk about your PPP Loan go here: https://claracfo.as.me/claritysessions
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Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. Clara CFO Group, LLC or its members cannot be held liable for any use or misuse of this content.