Knowledge and Insights
Frank Pina, CPA, Sherise D. Ritter, CPA, Kyle Neeld, CPA, Managing Directors & Elizabeth LaCorte, CPA, Manager, presented a webinar Are You Ready to Submit Your PPP Forgiveness Application? on Wednesday, July 29th. During the webinar, they went over:
- Key points of the PPPFA
- Modifications to provisions related to PPP loan forgiveness, including:
- Extended covered period
- Eligibility for partial forgiveness
- Allowing recipients to defer payroll taxes
- Percentage of loan proceeds used toward payroll costs
- The ins & outs of the loan forgiveness application process
- Forms & updates from the lenders’ perspective
After the presentation, they answered some specific questions relating to PPP forgiveness and provided valuable advice for organizations affected by the COVID-19 pandemic.
To watch the webinar replay, click here.
To view the slide deck, click here.
To read our COVID Consulting Experts’ answers to questions asked before and during the webinar, click here.
If you have additional questions and want information on how Mercadien can help you & your organization, visit our Coronavirus Contact Page here – https://www.mercadien.com/contact-us-with-your-coronavirus-questions/
For more information on the Paycheck Protection Program & our services, click here.
DISCLAIMER: This advisory resource is for general information purposes only. It does not constitute business or tax advice, and may not be used and relied upon as a substitute for business or tax advice regarding a specific issue or problem. Advice should be obtained from a qualified accountant, tax practitioner or attorney licensed to practice in the jurisdiction where that advice is sought.