Shownotes can be found at https://www.profitwithlaw.com/189.
We all know about the PPP program but are you aware of the changes made to the program in the Taxpayer Certainty and Disaster Tax Relief Act of 2020? The PPP program ends March 31, 2021 so don’t delay listening to this episode.
One stimulus plan you may not be aware of is the Employee Retention Credit that can be worth as much as $19,000 per employee between 2020 and 2021. Moshe Amsel explains all the details you need to know about claiming this credit including how to get the credit paid to you in advance!
Resources mentioned:
This episode is sponsored by LawFundAR. The easy and simple way to add payment plans to your practice with no risk to you. Get paid up front and still add the value of payment plan options for your clients. Learn more at lawfundar.com/profitwithlaw.
This episode is sponsored by NOTA powered by M&T Bank. You went to law school to be a lawyer, not an accountant. Take advantage of Nota - a no-cost IOLTA management tool that helps solo and small law firms track client funds down to the penny. Enjoy peace of mind with one-click reconciliation, automated transaction alerts, and real-time bank data. Visit trustnota.com to learn more. Terms and conditions may apply.
This episode is sponsored by LegalEase Marketing. No buzzwords. No jargon. No B.S. Just results to make your law firm grow, that’s LegalEase Marketing. LegalEase Marketing is a full-service marketing agency for lawyers by legal experts and digital advertising specialists. Our goal? To help your firm stand out in a competitive marketplace with personalized solutions to help your law firm attract the clients you want backed by the systems to make it all work correctly. Visit profitwithlaw.com/legalease to learn more.
PPP Lenders:
https://eu2apply.crossriversba.com/#/start/
https://www.kabbage.com/ppp-loan-forgiveness/
https://www.lendio.com/covid-relief/sba-paycheck-protection-program-loans/
https://app.nav.com/paycheck-protection-program-form
IRS Form 941-X: https://www.irs.gov/forms-pubs/about-form-941-x
IRS Form 7200: https://www.irs.gov/forms-pubs/about-form-7200
