Weekly Isolation Webinar V - PPP Forgiveness Update: The Latest SBA Forgiveness Application, Instructions and Guidance

Weekly Isolation Webinar V - PPP Forgiveness Update: The Latest SBA Forgiveness Application, Instructions and Guidance
January 01, 1970
12:00 AM
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EVENT DESCRIPTION

On Friday May 15, 2020, SBA released the Paycheck Protection Program (PPP) forgiveness application and companion instructions. We anticipate additional guidance will be issued before the webinar date (May 28th).
A number of business have received funds from their banks through the PPP, which currently represents hundreds of billions of dollars of loans. Those businesses are looking to maximize their loan forgiveness. The CARES Act provides the basic guidelines and the Small Business Administration has provided some additional guidance on forgiveness. The new forgiveness application, instructions, and anticipated guidance (if released by May 28th) will be discussed.

EVENT OBJECTIVE

Learning Objectives
Upon completion of this program, participants will be able to:
• Describe general guidelines for PPP loan forgiveness from the CARES Act
• Describe additional guidance and questions raised by the new application and instructions
• Discuss best practices to identify, account for and document qualified expenditures during the eight-week PPP coverage period
• Discuss answers to frequently asked questions that we have been receiving from clients

EVENT DETAILS

Company:
Frost Law

Number of Hours:
1 (Recommended)

Prerequisite:
Knowledge of Basic Tax Law Regulations

Program Level:
Update

Knowledge Level:
Intermediate

Delivery Method:
Group Internet Based

Number Of Days:

Food Included:
none

Seminar Number:

Early Cut Off Date:
01/01/1970

Phone:

Venue:
,

Accommodations:
,

Recommended For:
CPA (1) IRS (1) AFSP(1), Maryland Preparer (1)

Approved By:
IRS, NASBA, State of Maryland