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Eastside Recovery Hub – 2020 Tax Update

One Redmond

2020 Tax Update: How the EIDL, PPP, ERTC, PUA, and Regional Grants Will Affect Your Taxes

Thursday, February 4, 2021 | 2:00 - 3:30pm

This year, your taxes are likely going to look a little different than they normally do. Last year, a lot of new programs were created to help small businesses. This means you’re most likely going to deal with situations you’ve never seen before including forgiven loans, grants, and unemployment benefits.

The Economic Aid Act passed on December 27, 2020 also extended the Employee Retention Tax Credit (ERTC) created under the CARES Act to include employers that received PPP loans, so any employer meeting ERTC eligibility criteria can now benefit.

Join us for this week’s Eastside Recovery Hub Webinar featuring representatives from the IRS and Falco Sult to learn more about how the different programs will impact your business taxes.

If you are unable to attending the live webinar, please register to receive a link to the on-demand video recording of the webinar.

Speakers:

Kristina Hudson, Executive Director, OneRedmond

Cathye Mason, Stakeholder Liaison, Internal Revenue Services (IRS)

Ricky Waldemann, CPA, CVA, MPAcc, Senior Tax Manager, Falco Sult

About the Eastside Recovery Hub

The COVID-19 pandemic is affecting small businesses across the Washington state, with East King County regarded as the national epicenter of this pandemic. Our businesses were hit first -- and they were hit hard. We developed the Eastside Recovery Hub to help our Eastside businesses and non-profit community pivot and chart a course towards recovery during these challenging times.

For more information visit the Eastside Recovery Hub at www.OneEastside.org.

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