Congress recently passed the Coronavirus Response and Relief Supplemental Appropriations Act, 2021(H.R. 133) to provide more than $900 billion in emergency assistance for individuals, families, nonprofits, and businesses impacted by the COVID pandemic. We would like to invite you to join us for a two-hour webinar offered exclusively to small firms. Carl Peterson from the AICPA to discuss how small firms can best serve their clients regarding the provisions of this Act. This year-end legislation includes several important provisions for first–and second–PPP applicants. Loans are available until March 31, 2021. •The loan forgiveness process is simplified for loans of $150,000 or less. •Organizations with 300 or fewer employees that can demonstrate a revenue decline of at least 25-percent in any quarter in 2020 over the same quarter in 2019 can receive a second PPP loan of up to $2 million. •$35 billion of the PPP funds are reserved for first time loan recipients. •Forgiven PPP loans will not be classified as income and tax deductions are now allowed for expenses paid with proceeds of forgiven PPP loans. There are other provisions of the Act that may benefit certain organizations including Economic Injury Disaster Loans (EIDL), an additional $20 billion was added to the EIDL Program. There is also the Employee Retention Tax Credit (ERTC). There is no fee to attend.