Profit With Law: Profitable Law Firm Growth

Send us a textShownotes can be found at https://www.profitwithlaw.com/079. On Friday, March 27th, President Donald Trump signed into law the Coronavirus Aid, Relief and Economic Act or the CARES Act. This episode is a re-purposed Facebook Live that goes into all the items in the bill that are relevant to a law firm owner. 2020 Recovery Rebate for Individuals - Learn how they will determine who gets this credit and when you can expect it. Delay of Certain Deadlines - Tax filing and payment deadlines extended to July 15, 2020. Special Rules for use of retirement funds - Find out about increased loan allowance, ability to withdraw funds penalty free and ability to withdraw funds and re-deposit within 3 years. Allowance of partial above the line deduction for charitable contributions - even if you don't itemize, you can deduct $300 in charitable contributions. Loans, loans, loans - learn the difference between the EIDL (Economic Injury Disaster Loan) and the PPP (Payroll Protection Plan) Loan and what steps