December 29, 2020
The law firm of Sternberg, Naccari & White has been on the front line of the Cares Act and its implications for the past nine months, including advising many media company clients.
On December 28, two of the firm’s attorneys, Scott Sternberg and Keith Naccari, presented a
webinar for news organizations to review the implications of the recently approved 2021 stimulus package. The webinar was put together by the Louisiana Press Association, and they graciously opened it up to NENPA members.
Read the follow-up article written by Sternberg and Naccari published on Dec. 29:
The presentation covered adjustments to the PPP (Paycheck Protection Program), clarified tax consequences for the first and second draw of the PPP, reviewed new expenses that can now be deducted for the forgiveness of PPP loans, and discussed a potential opportunity for net operating loss carryback.